During the recent session, Serve Robotics Inc (NASDAQ:SERV)’s traded shares were 0.81 million, with the beta value of the company hitting 3.15. At the last check today, the stock’s price was $6.37, reflecting an intraday loss of -5.91% or -$0.4. The 52-week high for the SERV share is $24.35, that puts it down -282.26 from that peak though still a striking 72.21% gain since the share price plummeted to a 52-week low of $1.77. The company’s market capitalization is $362.57M, and the average intraday trading volume over the past 10 days was 4.53 million shares, and the average trade volume was 9.89 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 -0.15.
Serve Robotics Inc (NASDAQ:SERV) trade information
Serve Robotics Inc (SERV) registered a -5.91% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -5.91% in intraday trading to $6.37, hitting a weekly high. The stock’s 5-day price performance is -9.13%, and it has moved by -26.95% in 30 days. Based on these gigs, the overall price performance for the year is 45.77%. The short interest in Serve Robotics Inc (NASDAQ:SERV) is 6.61 million shares and it means that shorts have 0.65 day(s) to cover.
The consensus price target of analysts on Wall Street is $23, which implies an increase of 72.3% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $23 and $23 respectively. As a result, SERV is trading at a discount of -261.07% off the target high and -261.07% off the low.
Serve Robotics Inc (SERV) estimates and forecasts
In the rating firms’ projections, revenue will increase 387.38% compared to the previous financial year.
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 486.81k as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 787.31k by the end of current fiscal year.
SERV Dividends
Serve Robotics Inc is due to release its next quarterly earnings on 2025-Mar-05. 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 20.46% of total outstanding shares while institutional holders control 12.54%, with the float percentage being 15.77%. NVIDIA CORP is the largest shareholder of the company, while 105.0 institutions own stock in it. As of 2024-06-30, the company held over 3.73 million shares (or 11.0284% of all shares), a total value of $7.27 million in shares.
The next largest institutional holding, with 1.82 million shares, is of AWM INVESTMENT COMPANY, INC.’s that is approximately 5.3808% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $3.55 million.
Also, the Mutual Funds coming in first place with the largest holdings of Serve Robotics Inc (SERV) shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and Exch TRADED CONCEPTS TRT-ROBO Global(R) Robotics and Automation Index. Data provided on Dec 31, 2024 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 1.0 shares. This amounts to just over 0.00 percent of the company’s overall shares, with a $6.41 million market value. The same data shows that the other fund manager holds slightly less at 670.84, or about 0.00% of the stock, which is worth about $4.3 million.
