On Friday, Serve Robotics Inc (NASDAQ: SERV) opened lower -3.28% from the last session, before settling in for the closing price of $18.88. Price fluctuations for SERV have ranged from $1.77 to $37.00 over the past 52 weeks.
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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
A key investor’s attitude towards the stock of the Specialty Industrial Machinery industry is another important factor to consider. The insider ownership of Serve Robotics Inc is 37.69%, while institutional ownership is 11.01%. 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
Check out the current performance indicators for Serve Robotics Inc (SERV). In the past 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 527.24.
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 13.03 million, a negative change from its year-to-date volume of 15.45 million. As of the previous 9 days, the stock’s Stochastic %D was 42.34%. Additionally, its Average True Range was 2.74.
During the past 100 days, Serve Robotics Inc’s (SERV) raw stochastic average was set at 66.17%, which indicates a significant increase from 44.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 224.63% in the past 14 days, which was higher than the 145.76% volatility it showed in the past 100 days.
Nevertheless, the first resistance level for the watch stands at $19.42 in the near term. At $20.58, the stock is likely to face the second major resistance level. The third major resistance level sits at $21.25. If the price goes on to break the first support level at $17.59, it is likely to go to the next support level at $16.92. The third support level lies at $15.76 if the price breaches the second support level.
Serve Robotics Inc (NASDAQ: SERV) Key Stats
There are currently 44,298K shares outstanding in the company with a market cap of 885.77 million. Presently, the company’s annual sales total 210 K according to its annual income of -24,810 K. Last quarter, the company’s sales amounted to 220 K and its income totaled -8,000 K.
