Serve Robotics Inc (NASDAQ:SERV) price on current trading day, rose 9.79% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $9.53.
A look at the stock’s price movement, the close in the last trading session was $8.68, moving within a range at $8.24 and $10.27. Turning to its 52-week performance, $37.00 and $1.77 were the 52-week high and 52-week low respectively. Overall, SERV moved -2.85% over the past month.
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Serve Robotics Inc’s market cap currently stands at around $422.16 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 254.02k for the company’s revenue for the quarter, with a low and high estimate of 160k and 314k respectively.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend SERV as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SERV’s current price about 8.77% and 4.33% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 55.34, while 7-day volatility ratio is 10.55% and 8.91% in the 30-day chart. Further, Serve Robotics Inc (SERV) has a beta value of 0, and an average true range (ATR) of 0.89.
If we refocus on Serve Robotics Inc (NASDAQ:SERV), historical trading data shows that trading volumes averaged 4.09 over the past 10 days and 5.14 million over the past 3 months. The company’s latest data on shares outstanding shows there are 42.84 million shares.
The 39.49% of Serve Robotics Inc’s shares are in the hands of company insiders while institutional holders own 10.90% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.69 million on 2024-11-15, giving us a short ratio of 0.59. The data shows that as of 2024-11-15 short interest in Serve Robotics Inc (SERV) stood at 1234.0 of shares outstanding, with shares short falling to 5.17 million registered in 2024-10-15. Current price change has pushed the stock -61.88% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SERV stock continues to rise going into the next quarter.
