Currently, there are 56.85M common shares owned by the public and among those 41.90M shares have been available to trade.
The company’s stock has a 5-day price change of 42.40% and -52.76% over the past three months. SERV shares are trading -34.07% year to date (YTD), with the 12-month market performance up to 209.03% higher. It has a 12-month low price of $1.77 and touched a high of $24.35 over the same period. SERV has an average intraday trading volume of 6.32 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 38.12%, 35.09%, and -16.02% respectively.
Institutional ownership of Serve Robotics Inc (NASDAQ: SERV) shares accounts for 11.99% of the company’s 56.85M shares outstanding.
It has a market capitalization of $508.39M and a beta (3y monthly) value of 3.65. The earnings-per-share (ttm) stands at -$1.03. Price movements for the stock have been influenced by the stock’s volatility, which stands at 11.03% over the week and 8.88% over the month.
Analysts forecast that Serve Robotics Inc (SERV) will achieve an EPS of -0.17 for the current quarter, -0.18 for the next quarter and -0.54 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.17 while analysts give the company a high EPS estimate of -0.17. Earnings per share for the fiscal year are expected to decrease by -19.13%, and 9.18% over the next financial year.
Looking at the support for the SERV, a number of firms have released research notes about the stock. Ladenburg Thalmann stated their Buy rating for the stock in a research note on October 28, 2024, with the firm’s price target at $16. Northland Capital coverage for the Serve Robotics Inc (SERV) stock in a research note released on October 18, 2024 offered a Outperform rating with a price target of $16.
