Serve Robotics Inc (NASDAQ:SERV) Down -50.98% Over The Past 30 Days: Any Troubles Ahead?

In recent trading session, Serve Robotics Inc (NASDAQ:SERV) saw 1.19 million shares changing hands at last check today with its beta currently measuring 0. Company’s recent per share price level of $7.68 trading at -$0.47 or -5.76% at last check today assigns it a market valuation of $304.16M. That most recent trading price of SERV’s stock is at a discount of -381.77% from its 52-week high price of $37.00 and is indicating a premium of 76.95% 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 4.66 million shares which gives us an average trading volume of 17.41 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. The company is expected to be making an EPS of -0.14 in the current quarter.

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Serve Robotics Inc (NASDAQ:SERV) trade information

Upright in the red during last session for losing -5.76%, in the last five days SERV remained trading in the red while hitting it’s week-highest on Thursday, 08/29/24 when the stock touched $7.68 price level, adding 18.73% to its value on the day. Serve Robotics Inc’s shares saw a change of -69.28% in year-to-date performance and have moved -17.85% in past 5-day. Serve Robotics Inc (NASDAQ:SERV) showed a performance of -50.98% in past 30-days. Number of shares sold short was 4.24 million shares which calculate 0.1 days to cover the short interests.

Serve Robotics Inc (SERV) estimates and forecasts

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 130k for the same. And 1 analysts are in estimates of company making revenue of 160k in the next quarter. Company posted nan and nan of sales in current and next quarters respectively a year earlier.

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

Insiders are in possession of 31.94% of company’s total shares while institution are holding 23.01 percent of that, with stock having share float percentage of 33.81%. Investors also watch the number of corporate investors in a company very closely, which is 23.01% institutions for Serve Robotics Inc that are currently holding shares of the company.

On the other hand, Fidelity Extended Market Index Fund and iShares Micro Cap ETF are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024, the former fund manager was holding 57.36 shares of worth $0.44 million or 0.00% of the total outstanding shares. The later fund manager was in possession of 22.83 shares on Jul 31, 2024, making its stake of worth around $0.18 million in the company or a holder of 0.00% of company’s stock.