The trading price of Serve Robotics Inc. (NASDAQ:SERV) closed higher on Monday, April 22, closing at $3.15, 0.32% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $37.00 and a 52-week low of $2.33. Over the past month, the stock has lost -32.40% in value.
Serve Robotics Inc., whose market valuation is $78.22 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.4 per share this quarter, however they have predicted annual earnings per share of $1.49 for 2022 and $1.61 for 2023. It means analysts are expecting annual earnings per share growth of 4.20% this year and 8.10% next year.
Analysts have forecast the company to bring in revenue of $544.82 million for the current quarter, with the likely lows of $534.69 million and highs of $552 million. The average estimate suggests sales will likely up by 2.80% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2022 is $2.12 billion. The company’s revenue is forecast to grow by 3.70% over what it did in 2022.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Serve Robotics Inc. no upward and no downward comments were posted in the last 7 days.
A quick review shows that SERV’s price is currently -31.72% off the SMA20 and -48.67% off the SMA50. The RSI metric on the 14-day chart is currently showing 19.86, and weekly volatility stands at 37.68%. When measured over the past 30 days, the indicator reaches 19.48%. Serve Robotics Inc. (NASDAQ:SERV)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 2.02.
To see how Serve Robotics Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: SERV stock’s performance was 0.32% in the latest trading.
An evaluation of the daily trading volume of Serve Robotics Inc. (NASDAQ:SERV) indicates that the 3-month average is 194.07K.
Currently, records show that 24.83 million of the company’s shares remain outstanding. The insiders hold 44.75% of outstanding shares, whereas institutions hold 10.78%. However, since the stock’s price has seen -87.40% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
