Serve Robotics Inc (NASDAQ: SERV): Are We Watching A Disaster Or Are We Buying A Gold Mine?

In the last trading session, 16.01 million shares of the Serve Robotics Inc (NASDAQ:SERV) were traded. Most recently the company’s share price was $13.62, and it changed around -$1.01 or -6.90% from the last close, which brings the market valuation of the company to $501.90M. SERV currently trades at a discount to its 52-week high of $37.00, offering almost -171.66% off that amount. The share price’s 52-week low was $1.77, which indicates that the current value has risen by an impressive 87.0% since then. We note from Serve Robotics Inc’s average daily trading volume that its 10-day average is 45.31 million shares, with the 3-month average coming to 14.12 million.

Serve Robotics Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 1 out of 8 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 2 recommended SERV as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight.

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Serve Robotics Inc (NASDAQ:SERV) trade information

Instantly SERV has showed a red trend with a performance of -6.90% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 24.09 on recent trading dayincreased the stock’s daily price by 43.46%. The company’s shares are currently down -45.52% year-to-date, but still down -29.76% over the last five days. On the other hand, Serve Robotics Inc (NASDAQ:SERV) is 460.49% up in the 30-day period. We can see from the shorts that 1.68 million shares have been sold at a short interest cover period of 3.72 day(s).

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

Upon looking at major shareholders, it appears that insiders hold 34.21% of Serve Robotics Inc shares, and 10.35% of them are in the hands of institutional investors. The stock currently has a share float of 15.73%.