Serve Robotics Inc. (NASDAQ:SERV - Get Free Report) traded up 1.1% on Thursday . The company traded as high as $8.94 and last traded at $8.84. 1,110,179 shares were traded during mid-day trading, a decline of 88% from the average session volume of 9,335,036 shares. The stock had previously closed at $8.74.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on SERV. LADENBURG THALM/SH SH started coverage on shares of Serve Robotics in a research report on Monday, October 28th. They set a "buy" rating and a $16.00 price objective on the stock. Northland Securities initiated coverage on Serve Robotics in a research note on Friday, October 18th. They set an "outperform" rating and a $16.00 target price for the company. Seaport Res Ptn upgraded shares of Serve Robotics to a "strong-buy" rating in a research note on Monday, October 7th. Northland Capmk raised shares of Serve Robotics to a "strong-buy" rating in a report on Friday, October 18th. Finally, Aegis raised Serve Robotics to a "strong-buy" rating in a research note on Wednesday, July 24th. Two analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Serve Robotics presently has a consensus rating of "Strong Buy" and a consensus target price of $16.00.
Read Our Latest Stock Analysis on SERV
Serve Robotics Stock Performance
The business's 50-day moving average price is $8.93 and its two-hundred day moving average price is $7.08.
Institutional Trading of Serve Robotics
Several institutional investors have recently added to or reduced their stakes in SERV. Larson Financial Group LLC acquired a new position in Serve Robotics during the 3rd quarter worth $26,000. Bfsg LLC purchased a new position in shares of Serve Robotics in the third quarter worth approximately $38,000. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Serve Robotics in the third quarter valued at $68,000. Quantum Private Wealth LLC purchased a new position in Serve Robotics during the 3rd quarter valued at about $80,000. Finally, Quadrature Capital Ltd purchased a new position in Serve Robotics during the third quarter valued at approximately $148,000.
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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