Ladenburg Thalmann has recently initiated Serve Robotics Inc (SERV) stock to Buy rating, as announced on October 28, 2024, according to Finviz. Earlier, on October 18, 2024, Northland Capital had initiated the stock to Outperform, setting a price target of $16. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Serve Robotics Inc (SERV) Stock Trading Recap
On Tuesday, Serve Robotics Inc (SERV) stock saw a modest uptick, ending the day at $9.81 which represents a slight increase of $0.36 or 3.81% from the prior close of $9.45. The stock opened at $9.45 and touched a low of $9.44 during the day, reaching a high of $9.98. The volume of shares traded was 3.16 million falling short of the average volume of 6.94 million.
SERV Stock Performance and Moving Averages
In recent trading, Serve Robotics Inc (SERV) stock price has shown some volatility, fluctuating -16.01% over the last five trades and 0.10% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 268.80%, and it has plunged by -31.45% in the previous three months. Currently, SERV is trading at 0.54%, 12.43%, and 48.26% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, SERV, a Industrials sector stock, is trading -73.49% below its 52-week high but remains 454.24% above its 52-week low. The Average True Range (ATR) (14 days) of 1.12 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Serve Robotics Inc’s Profitability and Valuation Ratios
Serve Robotics Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of -1788.83% and a profit margin of -2156.36%, with a gross margin of 268.80%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Serve Robotics Inc’s market capitalization stands at $420.97 million. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. Additionally, the Price-to-Sales Ratio is 276.95, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 12.59, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 36.73% of Serve Robotics Inc (SERV)’s shares, while financial institutions hold 14.29%.
Notable insider trades include Goldberg David Michael, Director at Serve Robotics Inc (SERV), who sold 13575 shares on Aug 29 ’24, at $9.22 each, totaling $0.13 million.
