Serve Robotics Inc (NASDAQ: SERV) on Friday, plunged -7.65% from the previous trading day, before settling in for the closing price of $17.64. Within the past 52 weeks, SERV’s price has moved between $1.77 and $37.00.
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Annual sales at Industrials sector company grew by 46.25% over the past five years. With a float of $27.54 million, this company’s outstanding shares have now reached $42.84 million.
Let’s look at the performance matrix of the company that is accounted 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 Updates
Observing investor behavior towards Specialty Industrial Machinery industry stocks is more important than anything else. The insider ownership of Serve Robotics Inc is 37.84%, while institutional ownership is 10.90%. The most recent insider transaction that took place on Dec 26 ’24, was worth 123,750. In this transaction Chief Executive Officer of this company sold 7,500 shares at a rate of $16.50, taking the stock ownership to the 3,283,490 shares. Before that another transaction happened on Dec 24 ’24, when Company’s Chief Executive Officer sold 5,000 for $14.55, making the entire transaction worth $72,750. This insider now owns 3,290,990 shares in total.
Serve Robotics Inc (SERV) Performance Highlights and Predictions
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
Serve Robotics Inc (SERV) is currently performing well based on its current performance indicators. A quick ratio of 10.58 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 396.66.
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)
Serve Robotics Inc (NASDAQ: SERV) saw its 5-day average volume 10.9 million, a positive change from its year-to-date volume of 9.49 million. As of the previous 9 days, the stock’s Stochastic %D was 68.14%. Additionally, its Average True Range was 2.08.
During the past 100 days, Serve Robotics Inc’s (SERV) raw stochastic average was set at 82.30%, which indicates a significant increase from 71.97% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 177.38% in the past 14 days, which was higher than the 127.80% volatility it showed in the past 100 days.
Nevertheless, the first resistance level for the watch stands at $17.81 in the near term. At $19.33, the stock is likely to face the second major resistance level. The third major resistance level sits at $20.23. If the price goes on to break the first support level at $15.39, it is likely to go to the next support level at $14.49. Assuming the price breaks the second support level, the third support level stands at $12.97.
Serve Robotics Inc (NASDAQ: SERV) Key Stats
Market capitalization of the company is 666.39 million based on 44,298K outstanding shares. Right now, sales total 210 K and income totals -24,810 K. The company made 220 K in profit during its latest quarter, and -8,000 K in sales during its previous quarter.
