Serve Robotics Inc (SERV) concluded trading on Wednesday at a closing price of $9.37, with 5.6 million shares of worth about $52.52 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -8.05% during that period and on Wednesday the price saw a loss of about -4.78%. Currently the company’s common shares owned by public are about 42.84M shares, out of which, 32.45M shares are available for trading.
Stock saw a price change of -29.89% in past 5 days and over the past one month there was a price change of -43.45%. 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 12.10 million. The stock is currently trading -39.40% below its 20-day simple moving average (SMA20), while that difference is down -41.81% for SMA50 and it goes to -2.99% lower than SMA200.
Serve Robotics Inc (NASDAQ: SERV) currently have 42.84M outstanding shares and institutions hold larger chunk of about 15.03% of that.
The stock has a current market capitalization of $454.53M. It has posted earnings per share of -$0.87 in the same period. It has Quick Ratio of 10.58 while making debt-to-equity ratio of 0.03. 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 11.97% while standing at 12.09% 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.
