In the last trading session, 5.02 million shares of the Serve Robotics Inc (NASDAQ:SERV) were traded, and its beta was 3.20. Most recently the company’s share price was $7.79, and it changed around $0.78 or 11.13% from the last close, which brings the market valuation of the company to $443.40M. SERV currently trades at a discount to its 52-week high of $24.35, offering almost -212.58% off that amount. The share price’s 52-week low was $1.77, which indicates that the current value has risen by an impressive 77.28% since then. We note from Serve Robotics Inc’s average daily trading volume that its 10-day average is 4.9 million shares, with the 3-month average coming to 10.32 million.
Serve Robotics Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended SERV as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Serve Robotics Inc is expected to report earnings per share of -0.15 for the current quarter.
Serve Robotics Inc (NASDAQ:SERV) trade information
Instantly SERV has showed a green trend with a performance of 11.13% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 7.82 on recent trading dayincreased the stock’s daily price by 0.38%. The company’s shares are currently down -42.30% year-to-date, but still down -0.51% over the last five days. On the other hand, Serve Robotics Inc (NASDAQ:SERV) is -35.14% down in the 30-day period. We can see from the shorts that 6.69 million shares have been sold at a short interest cover period of 0.58 day(s).
The consensus price target as assigned by Wall Street analysts is $23, which translates to bulls needing to increase their stock price by 66.13% from its current value. Analyst projections state that SERV is forecast to be at a low of $23 and a high of $23.
Serve Robotics Inc (SERV) estimates and forecasts
The year-over-year growth rate is expected to be 387.38%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 486.81k in revenue for the current quarter. 3 analysts expect Serve Robotics Inc to make 787.31k in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 68.09%. Serve Robotics Inc earnings are expected to increase by -4.24% in 2025, but the outlook is positive 4.02% per year for the next five years.
Serve Robotics Inc (NASDAQ:SERV)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 20.46% of Serve Robotics Inc shares, and 12.54% of them are in the hands of institutional investors. The stock currently has a share float of 15.77%. Serve Robotics Inc stock is held by 105.0 institutions, with NVIDIA CORP being the largest institutional investor. By 2024-06-30, it held 11.0284% of the shares, which is about 3.73 million shares worth $7.27 million.
AWM INVESTMENT COMPANY, INC., with 5.3808% or 1.82 million shares worth $3.55 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Fidelity Total Market Index Fund and Fidelity Nasdaq Composite Index Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 28.41 shares worth $0.22 million, making up 0.00% of all outstanding shares. On the other hand, Fidelity Nasdaq Composite Index Fund held roughly 25.67 shares worth around $0.2 million, which represents about 0.00% of the total shares outstanding.
