Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
After finishing at $15.26 in the prior trading day, Serve Robotics Inc (NASDAQ: SERV) closed at $13.50, down -11.53%. In other words, the price has decreased by -$11.53 from its previous closing price. On the day, 7.1 million shares were traded. SERV stock price reached its highest trading level at $15.65 during the session, while it also had its lowest trading level at $13.35.
Ratios:
Our goal is to gain a better understanding of SERV by taking a closer look at 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 31 ’24 when Kashani Ali bought 5,000 shares for $15.56 per share.
Abraham Euan bought 40 shares of SERV for $618 on Dec 30 ’24. On Dec 26 ’24, another insider, Kashani Ali, who serves as the Chief Executive Officer of the company, sold 7,500 shares for $16.50 each. As a result, the insider received 123,750 and left with 3,283,490 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 598025728 and an Enterprise Value of 544351936. For the stock, the TTM Price-to-Sale (P/S) ratio is 314.91 while its Price-to-Book (P/B) ratio in mrq is 10.30. Its current Enterprise Value per Revenue stands at 324.142 whereas that against EBITDA is -18.415.
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 23.30%, while the 200-Day Moving Average is calculated to be 84.23%.
Shares Statistics:
The stock has traded on average 7.48M shares per day over the past 3-months and 11290920 shares per day over the last 10 days, according to various share statistics. A total of 42.84M shares are outstanding, with a floating share count of 27.54M. Insiders hold about 37.84% 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 0.33, compared to 1731628800 on 3693208. Therefore, it implies a Short% of Shares Outstanding of 2489597 and a Short% of Float of 8.32.
