A new trading day began on Monday, with Serve Robotics Inc (NASDAQ: SERV) stock price up 1.53% from the previous day of trading, before settling in for the closing price of $11.80. 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 $26.84 million, this company’s outstanding shares have now reached $42.84 million.
Let’s determine the extent of company efficiency that accounts for 67 employees. In terms of profitability, gross margin is 13.37%, operating margin of -1875.93%, and the pretax margin is -2079.79%.
Serve Robotics Inc (SERV) Insider Activity
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 39.41%, while institutional ownership is 10.90%. The most recent insider transaction that took place on Dec 06 ’24, was worth 362,201. In this transaction Chief Executive Officer of this company sold 31,791 shares at a rate of $11.39, taking the stock ownership to the 3,346,998 shares. Before that another transaction happened on Dec 05 ’24, when Company’s Chief Executive Officer sold 5,638 for $9.76, making the entire transaction worth $55,004. This insider now owns 3,333,204 shares in total.
Serve Robotics Inc (SERV) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.13 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 10.58. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 315.89.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.87, a number that is poised to hit -0.16 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 12.29 million, which is a jump from its year-to-date volume of 9.25 million. As of the previous 9 days, the stock’s Stochastic %D was 74.80%. Additionally, its Average True Range was 1.08.
During the past 100 days, Serve Robotics Inc’s (SERV) raw stochastic average was set at 39.96%, which indicates a significant decrease from 69.79% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 100.31% in the past 14 days, which was lower than the 224.93% volatility it showed in the past 100 days.
However, in the short run, Serve Robotics Inc’s stock first resistance to watch stands at $13.24. Second resistance stands at $14.51. The third major resistance level sits at $15.32. If the price goes on to break the first support level at $11.16, it is likely to go to the next support level at $10.35. Should the price break the second support level, the third support level stands at $9.08.
Serve Robotics Inc (NASDAQ: SERV) Key Stats
With a market capitalization of 530.69 million, the company has a total of 44,298K Shares Outstanding. Currently, annual sales are 210 K while annual income is -24,810 K. The company’s previous quarter sales were 220 K while its latest quarter income was -8,000 K.
