Serve Robotics (SERV) Stock Price, News & Analysis

Company Overview

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. Serve Robotics Inc. was founded in 2017 and is based in Redwood City, California.

Key Stats

• Today's Range: $8.25 to $8.72
• 50-Day Range: $7.23 to $11.80
• 52-Week Range: $1.77 to $24.09
• Volume: 3.02 million shs
• Average Volume: 5.85 million shs
• Market Capitalization: $369.02 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $16.00
• Consensus Rating: Strong Buy

Serve Robotics Stock Analysis - MarketRank™

Serve Robotics scored higher than 72% of companies evaluated by MarketBeat, and ranked 255th out of 648 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.8 / 5
• Analyst Rating: Strong Buy

Consensus Rating

Serve Robotics has received a consensus rating of Strong Buy. The company's average rating score is 3.60, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Serve Robotics has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Serve Robotics are expected to grow in the coming year, from ($0.98) to ($0.64) per share.

Price to Book Value per Share Ratio

Serve Robotics has a P/B Ratio of 6.56. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

11.87% of the float of Serve Robotics has been sold short.

Short Interest Ratio / Days to Cover

Serve Robotics has a short interest ratio ("days to cover") of 0.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Serve Robotics has recently decreased by 38.49%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Serve Robotics does not currently pay a dividend.

Dividend Growth

Serve Robotics does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

11.87% of the float of Serve Robotics has been sold short.

Short Interest Ratio / Days to Cover

Serve Robotics has a short interest ratio ("days to cover") of 0.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Serve Robotics has recently decreased by 38.49%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 0.15

News Sentiment

Serve Robotics has a news sentiment score of 0.15. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 13 news articles for Serve Robotics this week, compared to 7 articles on an average week.

Search Interest

49 people have searched for SERV on MarketBeat in the last 30 days. This is an increase of 63% compared to the previous 30 days.

MarketBeat Follows

61 people have added Serve Robotics to their MarketBeat watchlist in the last 30 days. This is an increase of 69% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Serve Robotics insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $11,914.00 in company stock.

Percentage Held by Insiders

21.40% of the stock of Serve Robotics is held by insiders. A high percentage of insider ownership can be a sign of company health.

SERV Stock Analysis - Frequently Asked Questions

How have SERV shares performed this year?

Serve Robotics' stock was trading at $2.44 at the start of the year. Since then, SERV shares have increased by 241.4% and is now trading at $8.33.
View the best growth stocks for 2024 here.

When did Serve Robotics IPO?

Serve Robotics (SERV) raised $40 million in an initial public offering (IPO) on Thursday, April 18th 2024. The company issued 10,000,000 shares at a price of $4.00 per share.

When did Serve Robotics' lock-up period expire?

Serve Robotics' lock-up period expired on Tuesday, October 15th. Serve Robotics had issued 10,000,000 shares in its public offering on April 18th. The total size of the offering was $40,000,000 based on an initial share price of $4.00. Since the expiration of Serve Robotics' lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company have been lifted.

Who are Serve Robotics' major shareholders?

Top institutional shareholders of Serve Robotics include Yong Rong HK Asset Management Ltd (2.82%), Geode Capital Management LLC (0.30%), PFG Investments LLC (0.13%) and State Street Corp (0.09%). Insiders that own company stock include Ali Kashani, Corp Nvidia and Touraj Parang.
View institutional ownership trends.

How do I buy shares of Serve Robotics?

Shares of SERV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Serve Robotics own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Serve Robotics investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Walt Disney (DIS), American Lithium (AMLI) and SoFi Technologies (SOFI).

Company Calendar

• Today: 11/24/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/06/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Miscellaneous transportation equipment
• Sub-Industry: Automobiles And Trucks
• Current Symbol: NASDAQ:SERV
• Previous Symbol: NASDAQ:SERV
• CUSIP: N/A
• CIK: 1832483
• Web: www.serverobotics.com
• Phone: 818-860-1352
• Fax: N/A
• Employees: 67
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $16.00
• High Stock Price Target: $16.00
• Low Stock Price Target: $16.00
• Potential Upside/Downside: +92.1%
• Consensus Rating: Strong Buy
• Rating Score (0-4): 3.60
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-24,810,000.00
• Net Margins: -1,972.12%
• Pretax Margin: -1,972.12%
• Return on Equity: -184.60%
• Return on Assets: -130.86%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 10.65
• Quick Ratio: 10.58

Sales & Book Value

• Annual Sales: $210,000.00
• Price / Sales: 1,757.23
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.27 per share
• Price / Book: 6.56

Miscellaneous

• Outstanding Shares: 44,300,000
• Free Float: 34,818,000
• Market Cap: $369.02 million
• Optionable: N/A
• Beta: N/A