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As of close of business last night, Serve Robotics Inc’s stock clocked out at $8.33, down -1.54% from its previous closing price of $8.46. In other words, the price has decreased by -$1.54 from its previous closing price. On the day, 2.99 million shares were traded. SERV stock price reached its highest trading level at $8.72 during the session, while it also had its lowest trading level at $8.25.
Ratios:
To gain a deeper understanding of SERV’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 10.58 and its Current Ratio is at 10.65. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Ladenburg Thalmann on October 28, 2024, initiated with a Buy rating and assigned the stock a target price of $16.
On October 18, 2024, Northland Capital started tracking the stock assigning a Outperform rating and target price of $16.
On October 07, 2024, Seaport Research Partners started tracking the stock assigning a Buy rating and target price of $12.Seaport Research Partners initiated its Buy rating on October 07, 2024, with a $12 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Nov 21 ’24 when Parang Touraj sold 245 shares for $8.84 per share. The transaction valued at 2,166 led to the insider holds 1,202,321 shares of the business.
Kashani Ali sold 1,109 shares of SERV for $9,747 on Nov 21 ’24. The Chief Executive Officer now owns 3,364,200 shares after completing the transaction at $8.79 per share. On Nov 21 ’24, another insider, Kashani Ali, who serves as the Officer of the company, bought 1,109 shares for $8.79 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SERV now has a Market Capitalization of 369004000 and an Enterprise Value of 317005408. For the stock, the TTM Price-to-Sale (P/S) ratio is 216.27 while its Price-to-Book (P/B) ratio in mrq is 6.35. Its current Enterprise Value per Revenue stands at 188.766 whereas that against EBITDA is -10.724.
Stock Price History:
Over the past 52 weeks, SERV has reached a high of $37.00, while it has fallen to a 52-week low of $1.77. The 50-Day Moving Average of the stock is -6.89%, while the 200-Day Moving Average is calculated to be 22.99%.
Shares Statistics:
It appears that SERV traded 5.18M shares on average per day over the past three months and 4061010 shares per day over the past ten days. A total of 36.94M shares are outstanding, with a floating share count of 26.82M. Insiders hold about 39.47% of the company’s shares, while institutions hold 10.90% stake in the company. Shares short for SERV as of 1730332800 were 3178262 with a Short Ratio of 0.61, compared to 1727654400 on 4633918. Therefore, it implies a Short% of Shares Outstanding of 3178262 and a Short% of Float of 11.14.
