Serve Robotics Inc [SERV] fell -52.80% so far this year. What now?

Serve Robotics Inc [NASDAQ: SERV] closed the trading session at $11.80.

The stocks have a year to date performance of -52.80 percent and weekly performance of 16.03 percent. The stock has been moved at 343.61 percent over the last six months. The stock has performed 37.53 percent around the most recent 30 days and changed -21.33 percent over the most recent 3-months.

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If compared to the average trading volume of 11.14M shares, SERV reached to a volume of 17101709 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Serve Robotics Inc [SERV]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SERV shares is $15.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SERV stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Ladenburg Thalmann have made an estimate for Serve Robotics Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on Oct-29-24. While these analysts kept the previous recommendation, Northland Capital raised their target price to Outperform. The new note on the price target was released on October 18, 2024, representing the official price target for Serve Robotics Inc stock. Previously, the target price had yet another raise to $12, while Seaport Research Partners analysts kept a Buy rating on SERV stock.

The Average True Range (ATR) for Serve Robotics Inc is set at 1.17, with the Price to Sales ratio for SERV stock in the period of the last 12 months amounting to 328.69. The Price to Book ratio for the last quarter was 15.14, with the Price to Cash per share for the same quarter was set at 0.68.

SERV stock trade performance evaluation

Serve Robotics Inc [SERV] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 16.03. With this latest performance, SERV shares gained by 37.53% in over the last four-week period, additionally plugging by 343.61% over the last 6 months.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SERV stock in for the last two-week period is set at 66.35, with the RSI for the last a single of trading hit 72.16, and the three-weeks RSI is set at 62.09 for Serve Robotics Inc [SERV]. The present Moving Average for the last 50 days of trading for this stock 8.74, while it was recorded at 9.96 for the last single week of trading.

Serve Robotics Inc [SERV]: An insightful look at the core fundamentals

Serve Robotics Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 7.03 and a Current Ratio set at 7.19.

Serve Robotics Inc [SERV]: Institutional Ownership

There are presently around $22.02%, or 33.40%% of SERV stock, in the hands of institutional investors.

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