Serve Robotics Inc [NASDAQ: SERV] loss -7.81% on the last trading session, reaching $8.62 price per share at the time.
If compared to the average trading volume of 6.37M shares, SERV reached a trading volume of 5398239 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying 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 October 28, 2024. 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 1.12, with the Price to Sales ratio for SERV stock in the period of the last 12 months amounting to 227.29. The Price to Book ratio for the last quarter was 6.57, with the Price to Cash per share for the same quarter was set at 1.15.
Trading performance analysis for SERV stock
Serve Robotics Inc [SERV] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.13. With this latest performance, SERV shares dropped by -3.36% in over the last four-week period, additionally plugging by 123.90% 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 44.09, with the RSI for the last a single of trading hit 39.74, and the three-weeks RSI is set at 46.58 for Serve Robotics Inc [SERV]. The present Moving Average for the last 50 days of trading for this stock 8.81, while it was recorded at 9.59 for the last single week of trading.
Serve Robotics Inc [SERV]: A deeper dive into fundamental analysis
Serve Robotics Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 10.55 and a Current Ratio set at 10.61.
An analysis of Institutional ownership at Serve Robotics Inc [SERV]
There are presently around $24.97%, or 37.88%% of SERV stock, in the hands of institutional investors.
