Serve Robotics Inc. (NASDAQ:SERV – Get Free Report)’s share price fell 10% during mid-day trading on Thursday . The company traded as low as $15.71 and last traded at $15.77. 6,380,863 shares were traded during trading, a decline of 47% from the average session volume of 12,087,499 shares. The stock had previously closed at $17.52.
Wall Street Analyst Weigh In
Separately, Aegis upgraded shares of Serve Robotics to a “strong-buy” rating in a research note on Wednesday, July 24th.
Read Our Latest Report on Serve Robotics
Serve Robotics Stock Down 15.2 %
Serve Robotics (NASDAQ:SERV – Get Free Report) last issued its earnings results on Wednesday, May 15th. The company reported ($0.37) EPS for the quarter. The company had revenue of $0.95 million during the quarter. On average, research analysts predict that Serve Robotics Inc. will post -0.86 earnings per share for the current year.
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.
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