Serve Robotics (SERV) Expected to Announce Quarterly Earnings on Thursday

Serve Robotics (NASDAQ:SERV - Get Free Report) is expected to be releasing its Q4 2024 earnings data after the market closes on Thursday, March 6th. Analysts expect Serve Robotics to post earnings of ($0.19) per share and revenue of $0.26 million for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.

Serve Robotics Trading Down 6.2 %

SERV traded down $0.49 during midday trading on Friday, reaching $7.43. 6,073,349 shares of the company's stock traded hands, compared to its average volume of 11,711,048. Serve Robotics has a 52 week low of $1.77 and a 52 week high of $24.35. The firm has a fifty day moving average of $15.47 and a two-hundred day moving average of $11.70.

Insider Buying and Selling at Serve Robotics

In other news, COO Touraj Parang sold 50,000 shares of the business's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $12.99, for a total transaction of $649,500.00. Following the sale, the chief operating officer now owns 1,163,439 shares in the company, valued at approximately $15,113,072.61. The trade was a 4.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ali Kashani sold 2,500 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $12.48, for a total transaction of $31,200.00. Following the completion of the transaction, the chief executive officer now owns 3,329,498 shares of the company's stock, valued at approximately $41,552,135.04. The trade was a 0.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 145,531 shares of company stock valued at $2,296,330. 21.40% of the stock is currently owned by corporate insiders.

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Wall Street Analysts Forecast Growth

Separately, Northland Securities set a $23.00 price target on Serve Robotics in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Serve Robotics presently has a consensus rating of "Strong Buy" and an average price target of $19.50.

Serve Robotics Company Profile

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.