The stock of Serve Robotics Inc (NASDAQ:SERV) last traded at $7.92, down -4.35% from the previous session.
SERV stock price is now -48.72% away from the 50-day moving average and -19.30% away from the 200-day moving average. The market capitalization of the company currently stands at $384.19M.
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, Parang Touraj, President & COO sold 796 shares of the company’s stock on Feb 27 ’25. The stock was sold for $7,323 at an average price of $9.20. Upon completion of the transaction, the President & COO now directly owns 1,162,090 shares in the company, valued at $9.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 27 ’25, Chief Executive Officer Kashani Ali sold 3,713 shares of the business’s stock. A total of $34,215 was realized by selling the stock at an average price of $9.21. This leaves the insider owning 3,225,852 shares of the company worth $25.55 million. A total of 26.74% 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 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.
