Serve Robotics Inc (NASDAQ:SERV) price on Thursday, March 20, fall -6.35% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $6.93.
A look at the stock’s price movement, the close in the last trading session was $7.40, moving within a range at $6.8 and $7.35. Turning to its 52-week performance, $24.35 and $1.77 were the 52-week high and 52-week low respectively. Overall, SERV moved -48.15% over the past month.
Serve Robotics Inc’s market cap currently stands at around $394.44 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-05.
Analysts have a consensus estimate of 486.81k for the company’s revenue for the quarter, with a low and high estimate of 402.43k and 600k respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 8.83M, representing a 387.38% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SERV is a 100% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
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 -15.96% and -49.20% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 36.02, while 7-day volatility ratio is 7.02% and 10.33% in the 30-day chart. Further, Serve Robotics Inc (SERV) has a beta value of 2.97, and an average true range (ATR) of 1.21. Analysts have given the company’s stock an average 52-week price target of $23, forecast between a low of $23 and high of $23. Looking at the price targets, the low is -231.89% off current price level while to achieve the yearly target high, price needs to move -231.89%. Nonetheless, investors will most likely welcome a -231.89% jump to $23 which is the analysts’ median price.
If we refocus on Serve Robotics Inc (NASDAQ:SERV), historical trading data shows that trading volumes averaged 5.04 over the past 10 days and 10.55 million over the past 3 months. The company’s latest data on shares outstanding shows there are 51.29 million shares.
The 26.73% of Serve Robotics Inc’s shares are in the hands of company insiders while institutional holders own 11.75% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 6.69 million on 2025-02-28, giving us a short ratio of 0.58. The data shows that as of 2025-02-28 short interest in Serve Robotics Inc (SERV) stood at 1239.00004 of shares outstanding, with shares short rising to 5.06 million registered in 2025-01-31. Current price change has pushed the stock -48.67% 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.
