Serve Robotics Inc (NASDAQ:SERV) Shares Rebounded 86.58% From Their Lows – But Can They Continue?

In recent trading session, Serve Robotics Inc (NASDAQ:SERV) saw 28.78 million shares changing hands at last check today with its beta currently measuring 0. Company’s recent per share price level of $13.19 trading at $1.06 or 8.78% at last check today assigns it a market valuation of $489.53M. That most recent trading price of SERV’s stock is at a discount of -180.52% from its 52-week high price of $37.00 and is indicating a premium of 86.58% from its 52-week low price of $1.77. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 54.24 million shares which gives us an average trading volume of 9.22 million if we extend that period to 3-months.

For Serve Robotics Inc (SERV), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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Serve Robotics Inc (NASDAQ:SERV) trade information

Upright in the green today for gaining 8.78%, in the last five days SERV remained trading in the green while hitting it’s week-highest on Friday, 07/26/24 when the stock touched $13.19 price level, adding 5.92% to its value on the day. Serve Robotics Inc’s shares saw a change of -47.22% in year-to-date performance and have moved 74.77% in past 5-day. Serve Robotics Inc (NASDAQ:SERV) showed a performance of 625.00% in past 30-days. Number of shares sold short was 1.68 million shares which calculate 3.72 days to cover the short interests.

Serve Robotics Inc (NASDAQ:SERV)’s Major holders

Insiders are in possession of 34.21% of company’s total shares while institution are holding 10.35 percent of that, with stock having share float percentage of 15.73%. Investors also watch the number of corporate investors in a company very closely, which is 10.35% institutions for Serve Robotics Inc that are currently holding shares of the company.