Should Serve Robotics Inc (NASDAQ: SERV) Revive After A -337.35% Drop From Highs?

During the last session, Serve Robotics Inc (NASDAQ:SERV)’s traded shares were 3.36 million. At the end of the trading day, the stock’s price was $8.46, reflecting an intraday loss of -3.20% or -$0.28. The 52-week high for the SERV share is $37.00, that puts it down -337.35 from that peak though still a striking 79.08% gain since the share price plummeted to a 52-week low of $1.77. The company’s market capitalization is $374.77M, and the average intraday trading volume over the past 10 days was 5.54 million shares, and the average trade volume was 5.20 million shares over the past three months.

Serve Robotics Inc (SERV) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. SERV has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.13.

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Serve Robotics Inc (NASDAQ:SERV) trade information

Serve Robotics Inc (SERV) registered a -3.20% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -3.20% in intraday trading to $8.46, hitting a weekly high. The stock’s 5-day price performance is 7.77%, and it has moved by -6.52% in 30 days. The short interest in Serve Robotics Inc (NASDAQ:SERV) is 3.18 million shares and it means that shorts have 0.53 day(s) to cover.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 254.02k as predicted by 4 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 719.65k by the end of current fiscal year.

SERV Dividends

Serve Robotics Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

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

Serve Robotics Inc insiders own 33.64% of total outstanding shares while institutional holders control 19.31%, with the float percentage being 29.10%.