Serve Robotics Inc (NASDAQ:SERV) price closed lower on Tuesday, November 12, and dropping -7.81% below its previous close.
A look at the daily price movement shows that the last close reads $9.35, with intraday deals fluctuated between $8.53 and $9.1499. Taking into account the 52-week price action we note that the stock hit a 52-week high of $37.00 and 52-week low of $1.77. The stock subtracted -3.36% on its value in the past month.
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Serve Robotics Inc, which has a market valuation of $381.85 million, is expected to release its quarterly earnings report in December.
On average, analysts have forecast the company’s revenue for the quarter will hit 260k, with the likely lows of 160k and highs of 310k. Staying with the analyst view, there is a consensus estimate of 1.89M for the company’s annual revenue in current year.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned SERV a recommendation rating as follows: 0 rate it as a Hold; 1 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Serve Robotics Inc (SERV) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that SERV’s price is at present -12.62% off the SMA20 and -2.20% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 44.09, with weekly volatility standing at 10.14%. The indicator jumps to 10.88% when calculated based on the past 30 days. Serve Robotics Inc (NASDAQ:SERV)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 1.12.
An analysis of the Serve Robotics Inc (NASDAQ:SERV) stock in terms of its daily trading volume indicates that the 3-month average is 6.37 million. However, this figure increases on the past 10-day timeline to an average of 6.42 million.
Current records show that the company has 36.94M in outstanding shares. The insiders’ percentage holdings are 36.73% of outstanding shares while the percentage share held by institutions stands at 13.86%. The stats also highlight that short interest as of 2024-10-15, stood at 5.17 million shares, which puts the short ratio at the time at 1.1. From this we can glean that short interest is 1812.00 of company’s current outstanding shares. Notably, we see that shares short in October rose slightly given the previous month’s figure stood at 3.88 million. But the -65.52% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
