In the latest trading session, 1.32 million Serve Robotics Inc (NASDAQ:SERV) shares changed hands as the company’s beta touched 3.03. With the company’s most recent per share price at $7.70 changing hands around $0.04 or 0.54% at last look, the market valuation stands at $438.36M. SERV’s current price is a discount, trading about -216.23% off its 52-week high of $24.35. The share price had its 52-week low at $1.77, which suggests the last value was 77.01% up since then. When we look at Serve Robotics Inc’s average trading volume, we note the 10-day average is 5.21 million shares, with the 3-month average coming to 11.13 million.
Analysts gave the Serve Robotics Inc (SERV) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended SERV as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Serve Robotics Inc’s EPS for the current quarter is expected to be -0.15.
Serve Robotics Inc (NASDAQ:SERV) trade information
Instantly SERV is in green as seen in intraday trades today. With action 15.29%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -42.95%, with the 5-day performance at 15.29% in the green. However, in the 30-day time frame, Serve Robotics Inc (NASDAQ:SERV) is -66.40% down. Looking at the short shares, we see there were 6.69 million shares sold at short interest cover period of 0.58 days.
The consensus price target for the stock as assigned by Wall Street analysts is 23, meaning bulls need an upside of 66.52% from its recent market value. According to analyst projections, SERV’s forecast low is 23 with 23 as the target high. To hit the forecast high, the stock’s price needs a -198.7% plunge from its current level, while the stock would need to soar -198.7% for it to hit the projected low.
Serve Robotics Inc (SERV) estimates and forecasts
Year-over-year growth is forecast to reach 387.38% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 486.81k. 3 analysts are of the opinion that Serve Robotics Inc’s revenue for the current quarter will be 787.31k. The estimates for the next quarter sales put growth at 68.09%. The 2025 estimates are for Serve Robotics Inc earnings to decrease by -4.24%, but the outlook for the next 5-year period is at 4.02% per year.
Serve Robotics Inc (NASDAQ:SERV)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 23.36% of Serve Robotics Inc shares while 12.54% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 16.36%. There are 12.54% institutions holding the Serve Robotics Inc stock share, with ALYESKA INVESTMENT GROUP, L.P. the top institutional holder. As of 2024-06-30, the company held 2.7366% of the shares, roughly 0.92 million SERV shares worth $1.8 million.
THOMIST CAPITAL MANAGEMENT, LP holds the second largest percentage of outstanding shares, with 0.6182% or 0.21 million shares worth $2.01 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Fidelity Total Market Index Fund and Fidelity NASDAQ Composite Index Fund. With 28.41 shares estimated at $0.22 million under it, the former controlled 0.00% of total outstanding shares. On the other hand, Fidelity NASDAQ Composite Index Fund held about 0.00% of the shares, roughly 25.67 shares worth around $0.2 million.
