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Serve Robotics (SERV) to Release Quarterly Earnings on Thursday

Serve Robotics logo with Computer and Technology background

Serve Robotics (NASDAQ:SERV - Get Free Report) is anticipated to issue its quarterly earnings data after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of ($0.20) per share for the quarter.

Serve Robotics (NASDAQ:SERV - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported ($0.20) EPS for the quarter, meeting analysts' consensus estimates of ($0.20). Serve Robotics had a negative net margin of 1,972.12% and a negative return on equity of 184.60%. The business had revenue of $0.22 million during the quarter, compared to analysts' expectations of $0.36 million. On average, analysts expect Serve Robotics to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Serve Robotics Stock Performance

SERV traded up $2.77 during midday trading on Friday, reaching $19.47. The company had a trading volume of 15,578,231 shares, compared to its average volume of 11,876,476. The business has a 50-day moving average of $15.34 and a two-hundred day moving average of $11.72. Serve Robotics has a 1 year low of $1.77 and a 1 year high of $24.35.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SERV. LADENBURG THALM/SH SH began 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 Capmk raised Serve Robotics to a "strong-buy" rating in a report on Friday, October 18th. Finally, Northland Securities increased their target price on Serve Robotics from $16.00 to $23.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 15th. Two equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Strong Buy" and a consensus target price of $19.50.

View Our Latest Research Report on Serve Robotics

Insider Buying and Selling at Serve Robotics

In other news, CEO Ali Kashani sold 2,500 shares of Serve Robotics stock in a transaction on Monday, December 9th. The stock was sold at an average price of $13.52, for a total transaction of $33,800.00. Following the completion of the sale, the chief executive officer now directly owns 3,344,498 shares in the company, valued at approximately $45,217,612.96. This trade represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Touraj Parang sold 50,000 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $12.99, for a total transaction of $649,500.00. Following the transaction, the chief operating officer now directly owns 1,163,439 shares in the company, valued at approximately $15,113,072.61. This trade represents a 4.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 253,027 shares of company stock worth $3,309,166 over the last ninety days. Company insiders own 21.40% of the company's stock.

Serve Robotics Company Profile

(Get Free Report)

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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