Serve Robotics Inc (NASDAQ:SERV) concluded the trading at $10.83 on Thursday, November 07, with a rise of 7.33% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $10.09 with its price kept floating in the range of $9.81 and $11.0281 on the day. Considering stock’s 52-week price range provides that SERV hit a high price of $37.00 and saw its price falling to a low level of $1.77 during that period. Over a period of past 1-month, stock came adding 7.23% in its value.
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With its current market valuation of $464.73 million, Serve Robotics Inc is set to declare its quarterly results in December. Analysts are in estimates of -0.18 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to -0.96 for current year with estimates of that growing to -0.65 in next year.
Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of 260k. They suggested that in the process company could generate revenue of as low as 130k which could climb up to 500k to hit a high.
According to ratings assigned by 1 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; 0 of them are recommending Serve Robotics Inc (SERV) as a Hold, while 1 are in view that stock is a Buy. Recommendation by 0 analysts for the stock is an Underweight while number of those analysts who rated the stock as an Overweight is 0, whereas 0 of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Overweight and that encourages the investors to exploit the opportunity and build their stake up in the company.
Digging deeper we become aware of the PEG ratio of the SERV stock which is currently positioned at 0. It further provides that stock’s current price level is 10.20% away from its 20-day simple moving average and is 23.53% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 57.73 while volatility remained at 8.00% over the past week which changes to 10.96% when measuring it over the past month. Average true range or ATR is currently at 1.10.
Having a second look at Serve Robotics Inc (NASDAQ:SERV) provides that stock’s average daily trading volume for 3 months was 6.46 million, while it jumped to 6238440 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 36.94 million.
The percentage of outstanding shares held by the insiders is 36.73% while it is 14.33% for the institutional holders. The figures also indicate that as of 2024-10-15, number of stock’s short shares was 5.17 million which implies a short ratio of 1.1. This shows up a 1812.00 of Short Interest in company’s outstanding shares on the day. In October the standing of shares short improved as it was 3.88 million in the previous month. Subtraction of -56.68% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
