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: $9.47 to $10.15
• 50-Day Range: $6.72 to $11.62
• 52-Week Range: $1.77 to $24.09
• Volume: 4.22 million shs
• Average Volume: 9.84 million shs
• Market Capitalization: $417.94 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 61% of companies evaluated by MarketBeat, and ranked 368th out of 673 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: 3.9 / 5
• Analyst Rating: Strong Buy

Consensus Rating

Serve Robotics has received a consensus rating of Strong Buy. The company's average rating score is 3.75, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Serve Robotics has only been the subject of 3 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 ($0.95) to ($0.65) per share.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

19.30% 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 0.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Serve Robotics has recently increased by 11.66%, indicating that investor sentiment is decreasing 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

19.30% 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 0.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Serve Robotics has recently increased by 11.66%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 0.61

News Sentiment

Serve Robotics has a news sentiment score of 0.61. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for Serve Robotics this week, compared to 6 articles on an average week.

Search Interest

30 people have searched for SERV on MarketBeat in the last 30 days. This is an increase of 20% compared to the previous 30 days.

MarketBeat Follows

52 people have added Serve Robotics to their MarketBeat watchlist in the last 30 days. This is an increase of 160% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Serve Robotics insiders have not sold or bought any 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 299.2% and is now trading at $9.74.
View the best growth stocks for 2024 here.

How were Serve Robotics' earnings last quarter?

Serve Robotics Inc. (NASDAQ:SERV) issued its earnings results on Tuesday, August, 13th. The company reported ($0.27) EPS for the quarter. The company had revenue of $0.47 million for the quarter. Serve Robotics had a negative net margin of 2,155.86% and a negative trailing twelve-month return on equity of 728.80%.

When did Serve Robotics IPO?

Serve Robotics (SERV) raised $40 million in an 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 end of Serve Robotics' lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company have been lifted.

Who are Serve Robotics' major shareholders?

Serve Robotics' top institutional investors include PFG Investments LLC (0.13%), Harbour Capital Advisors LLC (0.07%) and Bfsg LLC (0.01%).
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

• Last Earnings: 8/13/2024
• Today: 10/26/2024
• Next Earnings (Estimated): 11/12/2024
• Fiscal Year End: 12/31/2024

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: +64.3%
• Consensus Rating: Strong Buy
• Rating Score (0-4): 3.75
• Research Coverage: 4 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: -2,155.86%
• Pretax Margin: -2,155.86%
• Return on Equity: -728.80%
• Return on Assets: -271.33%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 7.24
• Quick Ratio: 7.07

Sales & Book Value

• Annual Sales: $210,000.00
• Price / Sales: 1,990.21
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: 42,910,000
• Free Float: 33,729,000
• Market Cap: $417.94 million
• Optionable: N/A
• Beta: N/A