Top investors say Serve Robotics Inc (SERV) ticks everything they need

With 5.4 million shares changed hands, the volume of the stock remained lighter than its average volume of 6.37 million shares. During the session, the Specialty Industrial Machinery company that operates in wider Industrials sector, reached to the highest price of $9.1499 whereas the lowest price it dropped to was $8.53. The 52-week range on SERV shows that it touched its highest point at $37.00 and its lowest point at $1.77 during that stretch. It currently has a 1-year price target of $15.00.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SERV was down-trending over the past week, with a drop of -12.13%, but this was down by -3.36% over a month. Three-month performance dropped to -24.19% while six-month performance rose 123.90%.

Float and Shares Shorts:

At present, 36.94 million SERV shares are outstanding with a float of 28.03 million shares on hand for trading. On 2024-10-15, short shares totaled 5.17 million, which was 1205.0 higher than short shares on 1726185600. In addition to Dr. Ali Kashani Ph.D. as the firm’s Co-Founder, Chairman, CEO, Treasurer & Secretary, Mr. Touraj Parang J.D. serves as its President, COO & Director.

Institutional Ownership:

Through their ownership of 0.2497 of SERV’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, SERV reported revenue of $468375.0 and operating income of -$8555687.0. The EBITDA in the recently reported quarter was -$8546110.0 and diluted EPS was -$0.27.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SERV since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SERV analysts setting a high price target of 16.0 and a low target of 12.0, the average target price over the next 12 months is 15.0. Based on these targets, SERV could surge 85.61% to reach the target high and rise by 39.21% to reach the target low. Reaching the average price target will result in a growth of 74.01% from current levels.

Analysts have provided yearly estimates in a range of -$0.85 being high and -$1.03 being low. For SERV, this leads to a yearly average estimate of -$0.96. Based on analyst estimates, the high estimate for the next quarter is -$0.18 and the low estimate is -$0.19. The average estimate for the next quarter is thus -$0.18.