In Thursday’s Wall Street session, Serve Robotics Inc (NASDAQ:SERV) shares traded at $12.21, down -3.48% from the previous session.
SERV stock price is now 66.60% away from the 50-day moving average and 17.91% away from the 200-day moving average. The market capitalization of the company currently stands at $697.48M.
With the price target of $17, Cantor Fitzgerald recently initiated with Overweight rating for Serve Robotics Inc (NASDAQ: SERV). On October 28, 2024, Ladenburg Thalmann recently initiated its ‘Buy’ rating on the stock quoting a target price of $16, while ‘Northland Capital’ rates the stock as ‘Outperform’
In other news, Read Brian, Chief Financial Officer sold 3,000 shares of the company’s stock on May 27 ’25. The stock was sold for $36,450 at an average price of $12.15. Upon completion of the transaction, the Chief Financial Officer now directly owns 221,000 shares in the company, valued at $2.7 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 27 ’25, Officer Read Brian bought 3,000 shares of the business’s stock. A total of $36,450 was incurred on buying the stock at an average price of $12.15. A total of 25.49% of the company’s stock is owned by insiders.
During the past 12 months, Serve Robotics Inc has had a low of $1.82 and a high of $24.35. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 38.03, and a quick ratio of 38.03.
The net profit margin was -3320.18% and return on equity was -43.04% for SERV. The company reported revenue of $0.44 million for the quarter, compared to $0.95 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -53.43 percent.
