Serve Robotics Inc. (NASDAQ:SERV - Free Report) - Investment analysts at Seaport Res Ptn issued their Q3 2024 earnings per share (EPS) estimates for Serve Robotics in a research note issued on Monday, October 7th. Seaport Res Ptn analyst A. Kessler forecasts that the company will post earnings per share of ($0.22) for the quarter. Seaport Res Ptn has a "Strong-Buy" rating on the stock. The consensus estimate for Serve Robotics' current full-year earnings is ($0.85) per share. Seaport Res Ptn also issued estimates for Serve Robotics' Q4 2024 earnings at ($0.22) EPS, FY2024 earnings at ($1.03) EPS, Q1 2025 earnings at ($0.22) EPS, Q2 2025 earnings at ($0.21) EPS, Q3 2025 earnings at ($0.21) EPS, Q4 2025 earnings at ($0.19) EPS, FY2025 earnings at ($0.82) EPS, FY2026 earnings at ($0.58) EPS and FY2027 earnings at ($0.38) EPS.
Separately, Aegis upgraded Serve Robotics to a "strong-buy" rating in a research note on Wednesday, July 24th.
Read Our Latest Analysis on Serve Robotics
Serve Robotics Stock Up 4.6 %
NASDAQ SERV traded up $0.44 on Wednesday, reaching $10.10. The stock had a trading volume of 5,912,899 shares, compared to its average volume of 10,281,797. The company's fifty day moving average price is $9.79. Serve Robotics has a 12-month low of $1.77 and a 12-month high of $24.09.
Serve Robotics (NASDAQ:SERV - Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($0.27) EPS for the quarter. Serve Robotics had a negative return on equity of 728.80% and a negative net margin of 2,155.86%. The firm had revenue of $0.47 million for the quarter.
Hedge Funds Weigh In On Serve Robotics
An institutional investor recently bought a new position in Serve Robotics stock. PFG Investments LLC purchased a new stake in Serve Robotics Inc. (NASDAQ:SERV - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 56,408 shares of the company's stock, valued at approximately $110,000. PFG Investments LLC owned approximately 0.15% of Serve Robotics as of its most recent SEC filing.
About Serve Robotics
(
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Serve Robotics Inc designs, develops, and operates low-emission robots that serve people in public spaces with food delivery in the United States. It builds self-driving delivery robots. The company was formerly known as Patricia Acquisition Corp. and changed its name to Serve Robotics Inc in July 2023.
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