Serve Robotics (SERV) Expected to Announce Earnings on Thursday

Serve Robotics (NASDAQ:SERV - Get Free Report) is expected to be announcing its earnings results after the market closes on Thursday, March 6th. Analysts expect the company to announce earnings of ($0.19) per share for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Serve Robotics Price Performance

Shares of NASDAQ:SERV traded up $0.29 during mid-day trading on Friday, reaching $9.01. 6,434,379 shares of the company's stock were exchanged, compared to its average volume of 12,509,858. Serve Robotics has a twelve month low of $1.77 and a twelve month high of $24.35. The business's fifty day moving average price is $16.02 and its 200-day moving average price is $11.79.

Insider Activity at Serve Robotics

In other Serve Robotics news, COO Touraj Parang sold 50,000 shares of the firm's stock in a transaction dated Monday, December 9th. The stock was 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 $15,113,072.61. This trade represents a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ali Kashani sold 2,500 shares of the business's 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 of the company's stock, valued at $45,217,612.96. This represents a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 179,943 shares of company stock worth $2,684,796. 21.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, Northland Securities set a $23.00 price target on shares of Serve Robotics in a report on Tuesday, February 18th. Two analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, Serve Robotics has an average 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.