Serve Robotics Inc. (NASDAQ:SERV – Get Free Report)’s stock price traded down 6.1% during trading on Monday . The stock traded as low as $7.95 and last traded at $8.14. 1,839,130 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 11,174,065 shares. The stock had previously closed at $8.67.
Analyst Ratings Changes
Separately, Aegis upgraded Serve Robotics to a “strong-buy” rating in a research note on Wednesday, July 24th.
View Our Latest Stock Report on SERV
Serve Robotics Stock Performance
Serve Robotics (NASDAQ:SERV – Get Free Report) last released its earnings results on Tuesday, August 13th. The company reported ($0.27) EPS for the quarter. Serve Robotics had a negative return on equity of 728.80% and a negative net margin of 2,155.86%. The firm had revenue of $0.47 million for the quarter. Research analysts forecast that Serve Robotics Inc. will post -0.85 earnings per share for the current year.
Hedge Funds Weigh In On Serve Robotics
An institutional investor recently bought a new position in Serve Robotics stock. PFG Investments LLC bought a new stake in shares of Serve Robotics Inc. (NASDAQ:SERV – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 56,408 shares of the company’s stock, valued at approximately $110,000. PFG Investments LLC owned about 0.15% of Serve Robotics at the end of the most recent quarter.
About Serve Robotics
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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