Stock Market Recap: Serve Robotics Inc (SERV) Concludes at 8.49, a -5.40 Surge/Decline

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After finishing at $8.98 in the prior trading day, Serve Robotics Inc (NASDAQ: SERV) closed at $8.49, down -5.40%. In other words, the price has decreased by -$5.40 from its previous closing price. On the day, 3.63 million shares were traded. SERV stock price reached its highest trading level at $9.199 during the session, while it also had its lowest trading level at $8.13.

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.

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 336399456 and an Enterprise Value of 307683168. For the stock, the TTM Price-to-Sale (P/S) ratio is 221.32 while its Price-to-Book (P/B) ratio in mrq is 10.90. Its current Enterprise Value per Revenue stands at 202.374 whereas that against EBITDA is -11.727.

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 5.06%, while the 200-Day Moving Average is calculated to be 46.18%.

Shares Statistics:

The stock has traded on average 16.97M shares per day over the past 3-months and 5129650 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 25.11M. Insiders hold about 36.59% of the company’s shares, while institutions hold 12.46% stake in the company. Shares short for SERV as of 1723680000 were 4235533 with a Short Ratio of 0.25, compared to 1721001600 on 1681247. Therefore, it implies a Short% of Shares Outstanding of 4235533 and a Short% of Float of 16.790001.

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