Some Investing Thoughts On Serve Robotics Inc (NASDAQ: SERV)

Serve Robotics Inc (SERV) concluded trading on Thursday at a closing price of $10.83, with 9.26 million shares of worth about $100.27 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 276.04% during that period and on November 07, 2024 the price saw a gain of about 7.33%. Currently the company’s common shares owned by public are about 36.94M shares, out of which, 26.79M shares are available for trading.

Stock saw a price change of 6.91% in past 5 days and over the past one month there was a price change of 7.23%. Over the period of past 52 weeks, stock dropped to lowest price of $1.77 but also hit the highest price of $37.00 during that period. The average intraday trading volume for Serve Robotics Inc shares is 6.46 million. The stock is currently trading 10.20% above its 20-day simple moving average (SMA20), while that difference is up 23.53% for SMA50 and it goes to 62.56% higher than SMA200.

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Serve Robotics Inc (NASDAQ: SERV) currently have 36.94M outstanding shares and institutions hold larger chunk of about 14.33% of that.

The stock has a current market capitalization of $464.73M. It has posted earnings per share of -$0.89 in the same period. It has Quick Ratio of 7.03 while making debt-to-equity ratio of 0.10. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SERV, volatility over the week remained 8.00% while standing at 10.96% over the month.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Ladenburg Thalmann on October 28, 2024 offering a Buy rating for the stock and assigned a target price of $16 to it. Coverage by Northland Capital stated Serve Robotics Inc (SERV) stock as an Outperform in their note to investors on October 18, 2024, suggesting a price target of $16 for the stock.

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