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After finishing at $10.17 in the prior trading day, Serve Robotics Inc (NASDAQ: SERV) closed at $9.68, down -4.82%. In other words, the price has decreased by -$4.82 from its previous closing price. On the day, 5.24 million shares were traded. SERV stock price reached its highest trading level at $10.49 during the session, while it also had its lowest trading level at $9.36.
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 7.03 and its Current Ratio is at 7.19. In the meantime, Its Debt-to-Equity ratio is 0.10 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, Northland Capital on October 18, 2024, initiated with a Outperform rating and assigned the stock a target price of $16.
On October 07, 2024, Seaport Research Partners started tracking the stock assigning a Buy rating and target price of $12.
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 Aug 29 ’24 when Goldberg David Michael sold 13,575 shares for $9.22 per share. The transaction valued at 125,118 led to the insider holds 36,425 shares of the business.
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 415388160 and an Enterprise Value of 373469952. For the stock, the TTM Price-to-Sale (P/S) ratio is 269.64 while its Price-to-Book (P/B) ratio in mrq is 12.42. Its current Enterprise Value per Revenue stands at 245.644 whereas that against EBITDA is -14.235.
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 9.65%, while the 200-Day Moving Average is calculated to be 51.58%.
Shares Statistics:
The stock has traded on average 14.99M shares per day over the past 3-months and 5796290 shares per day over the last 10 days, according to various share statistics. A total of 36.94M shares are outstanding, with a floating share count of 26.79M. Insiders hold about 36.73% of the company’s shares, while institutions hold 11.42% stake in the company. Shares short for SERV as of 1727654400 were 4633918 with a Short Ratio of 0.31, compared to 1724976000 on 3836437. Therefore, it implies a Short% of Shares Outstanding of 4633918 and a Short% of Float of 16.239999.
