A new trading day began on Monday, with Serve Robotics Inc (NASDAQ: SERV) stock price down -9.00% from the previous day of tradingbefore settling in for the closing price of $8.67. SERV’s price has ranged from $1.77 to $37.00 over the past 52 weeks.
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During the last 5-year period, the sales growth of Industrials Sector giant was 46.25%. With a float of $25.82 million, this company’s outstanding shares have now reached $36.94 million.
Let’s determine the extent of company efficiency that accounts for 67 employees. In terms of profitability, gross margin is -8.53%, operating margin of -1883.51%, and the pretax margin is -2274.24%.
Serve Robotics Inc (SERV) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Specialty Industrial Machinery Industry. The insider ownership of Serve Robotics Inc is 39.02%, while institutional ownership is 11.65%. The most recent insider transaction that took place on Aug 29 ’24, was worth 125,118. In this transaction Director of this company sold 13,575 shares at a rate of $9.22, taking the stock ownership to the 36,425 shares.
Serve Robotics Inc (SERV) Recent Fiscal highlights
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.26 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.14 per share during the current fiscal year.
Serve Robotics Inc (NASDAQ: SERV) Trading Performance Indicators
Here are Serve Robotics Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 7.03. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 219.78.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.89, a number that is poised to hit -0.14 in the next quarter
Technical Analysis of Serve Robotics Inc (SERV)
Looking closely at Serve Robotics Inc (NASDAQ: SERV), its last 5-days average volume was 5.76 million, which is a drop from its year-to-date volume of 11.2 million. As of the previous 9 days, the stock’s Stochastic %D was 60.50%. Additionally, its Average True Range was 1.45.
During the past 100 days, Serve Robotics Inc’s (SERV) raw stochastic average was set at 27.42%, which indicates a significant decrease from 39.31% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 133.80% in the past 14 days, which was lower than the 229.68% volatility it showed in the past 100 days.
However, in the short run, Serve Robotics Inc’s stock first resistance to watch stands at $8.54. Second resistance stands at $9.19. The third major resistance level sits at $9.66. If the price goes on to break the first support level at $7.42, it is likely to go to the next support level at $6.95. Now, if the price goes above the second support level, the third support stands at $6.30.
Serve Robotics Inc (NASDAQ: SERV) Key Stats
With a market capitalization of 334.06 million, the company has a total of 37,099K Shares Outstanding. Currently, annual sales are 210 K while annual income is -24,810 K. The company’s previous quarter sales were 470 K while its latest quarter income was -9,040 K.
