Wall Street Was Disappointed By Serve Robotics Inc (NASDAQ: SERV)’s -18.71% Stock Price Decline

Serve Robotics Inc (NASDAQ:SERV) has seen 9.8 million shares traded in the last trading session. The company, currently valued at $413.09M, closed the last trade at $11.21 per share which meant it lost -$2.58 on the day or -18.71% during that session. The SERV stock price is -230.06% off its 52-week high price of $37.00 and 84.21% above the 52-week low of $1.77. If we look at the company’s 10-day average daily trading volume, we find that it stood at 22.41 million shares traded. The 3-month trading volume is 15.25 million shares.

The consensus among analysts is that Serve Robotics Inc (SERV) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.25.

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Serve Robotics Inc (NASDAQ:SERV) trade information

Sporting -18.71% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the SERV stock price touched $11.21 or saw a rise of 36.99%. Year-to-date, Serve Robotics Inc shares have moved -55.16%, while the 5-day performance has seen it change -17.69%. Over the past 30 days, the shares of Serve Robotics Inc (NASDAQ:SERV) have changed 389.52%. Short interest in the company has seen 1.68 million shares shorted with days to cover at 3.72.

Serve Robotics Inc (SERV) estimates and forecasts

Revenue growth from the last financial year stood is estimated to be nan.

1 analysts offering their estimates for the company have set an average revenue estimate of 400k for the current quarter. 1 have an estimated revenue figure of 130k for the next ending quarter.

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

Insiders own 34.44% of the company shares, while shares held by institutions stand at 10.86% with a share float percentage of 16.57%. Investors are also buoyed by the number of investors in a company, with Serve Robotics Inc having a total of 10.0 institutions that hold shares in the company.