Serve Robotics Inc. (NASDAQ:SERV – Get Free Report) was the recipient of some unusual options trading on Wednesday. Traders bought 15,067 call options on the company. This represents an increase of 88% compared to the average daily volume of 8,008 call options.
Analysts Set New Price Targets
Separately, Aegis upgraded Serve Robotics to a “strong-buy” rating in a research report on Wednesday, July 24th.
Get Our Latest Research Report on SERV
Institutional Trading of Serve Robotics
Serve Robotics Stock Performance
Shares of NASDAQ SERV traded up $2.50 during midday trading on Wednesday, reaching $12.87. 20,432,459 shares of the stock traded hands, compared to its average volume of 12,454,421. Serve Robotics has a one year low of $1.77 and a one year high of $24.09. The stock has a 50 day moving average of $6.16.
Serve Robotics (NASDAQ:SERV – Get Free Report) last released its quarterly earnings results on Wednesday, May 15th. The company reported ($0.37) earnings per share for the quarter. The company had revenue of $0.95 million during the quarter. As a group, equities analysts predict that Serve Robotics will post -0.86 EPS for the current fiscal 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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