Serve Robotics Inc (NASDAQ: SERV) Disappoints Wall Street With -7.66% Stock Price Loss

Serve Robotics Inc (NASDAQ:SERV) has seen 6.18 million shares traded in the last trading session. The company, currently valued at $367.51M, closed the last trade at $8.68 per share which meant it lost -$0.72 on the day or -7.66% during that session. The SERV stock price is -326.27% off its 52-week high price of $37.00 and 79.61% 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 5.22 million shares traded. The 3-month trading volume is 18.58 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 -0.18.

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Serve Robotics Inc (NASDAQ:SERV) trade information

Sporting -7.66% 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 $8.68 or saw a rise of 19.33%. Year-to-date, Serve Robotics Inc shares have moved -65.28%, while the 5-day performance has seen it change -1.03%. Over the past 30 days, the shares of Serve Robotics Inc (NASDAQ:SERV) have changed 18.26%. Short interest in the company has seen 4.63 million shares shorted with days to cover at 1.02.

Serve Robotics Inc (SERV) estimates and forecasts

The company’s shares have gained 96.83% over the past 6 months, compared to 14.40% for the industry.

2 analysts offering their estimates for the company have set an average revenue estimate of 310k for the current quarter. 2 have an estimated revenue figure of 380k for the next ending quarter.

SERV Dividends

Serve Robotics Inc is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 34.07% of the company shares, while shares held by institutions stand at 22.28% with a share float percentage of 33.80%. Investors are also buoyed by the number of investors in a company, with Serve Robotics Inc having a total of 29.0 institutions that hold shares in the company.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Extended Market Index Fund and iShares Micro Cap ETF . As of Jun 30, 2024 , the former fund manager holds about 0.00% shares in the company for having 6.15 shares of worth $53390.0 while later fund manager owns 23.14 shares of worth $0.2 million as of Aug 31, 2024 , which makes it owner of about 0.00% of company’s outstanding stock.