Beyond market averages, investors seeking exceptional growth focus on the art of stock selection. The right picks can significantly contribute to the expansion of your wealth.
In the latest session, Serve Robotics Inc (NASDAQ: SERV) closed at $16.41 up 11.03% from its previous closing price of $14.78. In other words, the price has increased by $11.03 from its previous closing price. On the day, 13.83 million shares were traded. SERV stock price reached its highest trading level at $17.34 during the session, while it also had its lowest trading level at $15.51.
Ratios:
For a deeper understanding of Serve Robotics Inc’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jan 07 ’25 when Abraham Euan sold 260 shares for $19.28 per share. The transaction valued at 5,012 led to the insider holds 150,518 shares of the business.
Parang Touraj sold 305 shares of SERV for $5,957 on Jan 07 ’25. The President & COO now owns 1,162,886 shares after completing the transaction at $19.53 per share. On Jan 07 ’25, another insider, Kashani Ali, who serves as the Chief Executive Officer of the company, sold 1,425 shares for $19.53 each. As a result, the insider received 27,828 and left with 3,229,565 shares of the company.
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 845115008 and an Enterprise Value of 672316800. For the stock, the TTM Price-to-Sale (P/S) ratio is 473.83 while its Price-to-Book (P/B) ratio in mrq is 12.52. Its current Enterprise Value per Revenue stands at 400.341 whereas that against EBITDA is -22.744.
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 35.30%, while the 200-Day Moving Average is calculated to be 109.30%.
Shares Statistics:
For the past three months, SERV has traded an average of 8.84M shares per day and 14149030 over the past ten days. A total of 42.84M shares are outstanding, with a floating share count of 27.60M. Insiders hold about 37.69% of the company’s shares, while institutions hold 10.95% stake in the company. Shares short for SERV as of 1735603200 were 3796691 with a Short Ratio of 0.43, compared to 1732838400 on 3956477. Therefore, it implies a Short% of Shares Outstanding of 3796691 and a Short% of Float of 10.229999600000001.
