Why Buy Stock In Serve Robotics Inc (SERV)?

Serve Robotics Inc (NASDAQ:SERV) has seen 19.91 million shares traded in the last trading session. The company, currently valued at $1.09B, closed the last trade at $19.03 per share which meant it gained $4.27 on the day or 28.93% during that session. The SERV stock price is -94.43% off its 52-week high price of $37.00 and 90.7% 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 10.8 million shares traded. The 3-month trading volume is 7.64 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.

Serve Robotics Inc (NASDAQ:SERV) trade information

Sporting 28.93% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the SERV stock price touched $19.03 or saw a rise of 2.91%. Year-to-date, Serve Robotics Inc shares have moved 40.96%, while the 5-day performance has seen it change 7.88%. Over the past 30 days, the shares of Serve Robotics Inc (NASDAQ:SERV) have changed 116.74%. Short interest in the company has seen 2.49 million shares shorted with days to cover at 0.34.

Serve Robotics Inc (SERV) estimates and forecasts

The company’s shares have gained 683.13% over the past 6 months, compared to 14.80% for the industry.

SERV Dividends

Serve Robotics Inc is expected to release its next earnings report in February 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 30.15% of the company shares, while shares held by institutions stand at 19.31% with a share float percentage of 27.64%. Investors are also buoyed by the number of investors in a company, with Serve Robotics Inc having a total of 55.0 institutions that hold shares in the company.