On Monday, Serve Robotics Inc (NASDAQ: SERV) was -21.11% drop from the session before settling in for the closing price of $18.74. A 52-week range for SERV has been $1.77 – $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 $27.60 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 and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Serve Robotics Inc stocks. The insider ownership of Serve Robotics Inc is 37.69%, while institutional ownership is 10.90%. The most recent insider transaction that took place on Jan 07 ’25, was worth 5,012. In this transaction Chief Hardware & Mftg Offcr of this company sold 260 shares at a rate of $19.28, taking the stock ownership to the 150,518 shares. Before that another transaction happened on Jan 07 ’25, when Company’s President & COO sold 305 for $19.53, making the entire transaction worth $5,957. This insider now owns 1,162,886 shares in total.
Serve Robotics Inc (SERV) Latest Financial update
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
You can see what Serve Robotics Inc (SERV) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 10.58. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 426.76.
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 18.04 million, a positive change from its year-to-date volume of 16.93 million. As of the previous 9 days, the stock’s Stochastic %D was 31.11%. Additionally, its Average True Range was 2.79.
During the past 100 days, Serve Robotics Inc’s (SERV) raw stochastic average was set at 46.83%, which indicates a significant increase from 17.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 236.79% in the past 14 days, which was higher than the 144.29% volatility it showed in the past 100 days.
Nevertheless, the first resistance level for the watch stands at $16.66 in the near term. At $18.54, the stock is likely to face the second major resistance level. The third major resistance level sits at $19.50. If the price goes on to break the first support level at $13.82, it is likely to go to the next support level at $12.86. The third support level lies at $10.98 if the price breaches the second support level.
Serve Robotics Inc (NASDAQ: SERV) Key Stats
There are 44,298K outstanding shares of the company, which has a market capitalization of 716.96 million. As of now, sales total 210 K while income totals -24,810 K. Its latest quarter income was 220 K while its last quarter net income were -8,000 K.
