Serve Robotics Inc [NASDAQ: SERV] traded at a high on Monday, posting a 0.82 gain after which it closed the day’ session at $14.73.
The results of the trading session contributed to over 9592038 shares changing hands. Over the past one week, the price volatility of Serve Robotics Inc stands at 20.15% while the volatility over the past one month is 15.89%.
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The market cap for SERV stock reached $713.57 million, with 42.84 million shares outstanding and 27.52 million shares in the current float. Compared to the average trading volume of 7.01M shares, SERV reached a trading volume of 9592038 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $15.70 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 1.87, with the Price to Sales ratio for SERV stock in the period of the last 12 months amounting to 424.74. The Price to Book ratio for the last quarter was 11.23, with the Price to Cash per share for the same quarter was set at 1.05.
How has SERV stock performed recently?
Serve Robotics Inc [SERV] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.67. With this latest performance, SERV shares gained by 74.11% in over the last four-week period, additionally plugging by 671.20% 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 61.73, with the RSI for the last a single of trading hit 61.74, and the three-weeks RSI is set at 60.88 for Serve Robotics Inc [SERV]. The present Moving Average for the last 50 days of trading for this stock 10.30, while it was recorded at 14.70 for the last single week of trading.
Serve Robotics Inc [SERV]: Deeper insight into the fundamentals
Serve Robotics Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 10.58 and a Current Ratio set at 10.65.
Insider trade positions for Serve Robotics Inc [SERV]
There are presently around $19.31%, or 29.04%% of SERV stock, in the hands of institutional investors.
