Serve Robotics Inc [NASDAQ: SERV] gained 3.25% or 0.28 points to close at $8.90 with a heavy trading volume of 8443431 shares.
The daily chart for SERV points out that the company has recorded -17.82% loss over the past six months.
If we look at the average trading volume of 6.32M shares, SERV reached to a volume of 8443431 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $16.00 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 0.77, with the Price to Sales ratio for SERV stock in the period of the last 12 months amounting to 388.09. The Price to Book ratio for the last quarter was 2.41, with the Price to Cash per share for the same quarter was set at 3.46.
Trading performance analysis for SERV stock
Serve Robotics Inc [SERV] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 42.40. With this latest performance, SERV shares gained by 67.61% in over the last four-week period, additionally sinking by -17.82% over the last 6 months – not to mention a rise of 209.03% in the past year of trading.
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 67.26, with the RSI for the last a single of trading hit 76.09, and the three-weeks RSI is set at 59.31 for Serve Robotics Inc [SERV]. The present Moving Average for the last 50 days of trading for this stock 6.59, while it was recorded at 7.51 for the last single week of trading, and 10.60 for the last 200 days.
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 38.03 and a Current Ratio set at 38.03.
Serve Robotics Inc [SERV]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SERV. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Serve Robotics Inc go to 5.63%.
An analysis of Institutional ownership at Serve Robotics Inc [SERV]
There are presently around $11.01%, or 13.55%% of SERV stock, in the hands of institutional investors. The top three institutional holders of SERV stocks are: NVIDIA CORP with ownership of 3.73 million shares, which is approximately 11.0284%. AWM INVESTMENT COMPANY, INC., holding 1.82 million shares of the stock with an approximate value of $$3.55 million in SERV stocks shares; and AWM INVESTMENT COMPANY, INC., currently with $$1.8 million in SERV stock with ownership which is approximately 2.7366%.
