For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
The closing price of Serve Robotics Inc (NASDAQ: SERV) was $18.61 for the day, down -18.70% from the previous closing price of $22.89. In other words, the price has decreased by -$18.70 from its previous closing price. On the day, 21.74 million shares were traded. SERV stock price reached its highest trading level at $20.44 during the session, while it also had its lowest trading level at $17.745.
Ratios:
Our analysis of SERV’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jan 06 ’25 when Kashani Ali sold 37,500 shares for $21.16 per share. The transaction valued at 793,551 led to the insider holds 3,230,990 shares of the business.
Kashani Ali sold 7,500 shares of SERV for $129,200 on Jan 03 ’25. The Chief Executive Officer now owns 3,268,490 shares after completing the transaction at $17.23 per share. On Jan 07 ’25, another insider, Abraham Euan, who serves as the Officer of the company, bought 260 shares for $19.28 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 958415040 and an Enterprise Value of 769059968. For the stock, the TTM Price-to-Sale (P/S) ratio is 490.71 while its Price-to-Book (P/B) ratio in mrq is 14.19. Its current Enterprise Value per Revenue stands at 457.948 whereas that against EBITDA is -26.016.
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 59.25%, while the 200-Day Moving Average is calculated to be 144.86%.
Shares Statistics:
SERV traded an average of 8.28M shares per day over the past three months and 12404100 shares per day over the past ten days. A total of 42.84M shares are outstanding, with a floating share count of 27.55M. Insiders hold about 37.81% of the company’s shares, while institutions hold 10.90% stake in the company. Shares short for SERV as of 1734048000 were 2489597 with a Short Ratio of 0.30, compared to 1731628800 on 3693208. Therefore, it implies a Short% of Shares Outstanding of 2489597 and a Short% of Float of 8.32.
