In yesterday’s Wall Street session, Serve Robotics Inc (NASDAQ:SERV) shares traded at $11.98, up 1.53% from the previous session.
SERV stock price is now 29.03% away from the 50-day moving average and 73.25% away from the 200-day moving average. The market capitalization of the company currently stands at $657.10M.
With the price target of $16, Ladenburg Thalmann recently initiated with Buy rating for Serve Robotics Inc (NASDAQ: SERV). On October 18, 2024, Northland Capital recently initiated its ‘Outperform’ rating on the stock quoting a target price of $16, while ‘Seaport Research Partners’ rates the stock as ‘Buy’
In other news, Kashani Ali, Chief Executive Officer sold 31,791 shares of the company’s stock on Dec 06 ’24. The stock was sold for $362,201 at an average price of $11.39. Upon completion of the transaction, the Chief Executive Officer now directly owns 3,346,998 shares in the company, valued at $40.1 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 05 ’24, Chief Executive Officer Kashani Ali sold 5,638 shares of the business’s stock. A total of $55,004 was realized by selling the stock at an average price of $9.76. This leaves the insider owning 3,333,204 shares of the company worth $39.93 million. A total of 39.41% of the company’s stock is owned by insiders.
During the past 12 months, Serve Robotics Inc has had a low of $1.77 and a high of $37.00. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 10.65, and a quick ratio of 10.58. The fifty day moving average price for SERV is $9.2166 and a two-hundred day moving average price translates $6.780263 for the stock.
The latest earnings results from Serve Robotics Inc (NASDAQ: SERV) was released for 2024-09-30. The net profit margin was -1973.07% and return on equity was -112.87% for SERV. The company reported revenue of $0.22 million for the quarter, compared to $63000.0 a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 252.38 percent.
