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As of close of business last night, Serve Robotics Inc’s stock clocked out at $9.04, down -16.53% from its previous closing price of $10.83. In other words, the price has decreased by -$16.53 from its previous closing price. On the day, 11.01 million shares were traded. SERV stock price reached its highest trading level at $9.97 during the session, while it also had its lowest trading level at $8.81.
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 10.55 and its Current Ratio is at 10.61. 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 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 387924480 and an Enterprise Value of 399391904. For the stock, the TTM Price-to-Sale (P/S) ratio is 198.97 while its Price-to-Book (P/B) ratio in mrq is 6.89. Its current Enterprise Value per Revenue stands at 262.694 whereas that against EBITDA is -15.223.
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 3.10%, while the 200-Day Moving Average is calculated to be 35.41%.
Shares Statistics:
It appears that SERV traded 6.40M shares on average per day over the past three months and 7506670 shares per day over the past ten days. 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 14.50% stake in the company. Shares short for SERV as of 1728950400 were 5171333 with a Short Ratio of 0.81, compared to 1726185600 on 3883059. Therefore, it implies a Short% of Shares Outstanding of 5171333 and a Short% of Float of 18.120001.
