Serve Robotics (SERV) Expected to Announce Earnings on Thursday

Serve Robotics (NASDAQ:SERV) will likely be releasing its earnings data after the market closes on Thursday, March 6th. Analysts expect Serve Robotics to post earnings of ($0.19) per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Serve Robotics Price Performance

Shares of NASDAQ SERV opened at $8.37 on Tuesday. The business’s 50-day simple moving average is $15.90 and its 200-day simple moving average is $11.77. Serve Robotics has a 52 week low of $1.77 and a 52 week high of $24.35.

Insider Activity at Serve Robotics

In related news, COO Touraj Parang sold 50,000 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $12.99, for a total transaction of $649,500.00. Following the completion of the sale, the chief operating officer now owns 1,163,439 shares in the company, valued at $15,113,072.61. This represents a 4.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ali Kashani sold 31,791 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $11.39, for a total value of $362,099.49. Following the sale, the chief executive officer now owns 3,346,998 shares of the company’s stock, valued at approximately $38,122,307.22. The trade was a 0.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 178,655 shares of company stock worth $2,673,114 in the last 90 days. 21.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, Northland Securities set a $23.00 price objective on Serve Robotics in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Strong Buy” and a consensus price target of $19.50.

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.