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Analysts review Serve Robotics Inc’s rating

Serve Robotics Inc’s recent filing unveils that its Officer Abraham Euan acquired Company’s shares for reported $0.59 million on Nov 18 ’24. In the deal valued at $7.92 per share,75,000 shares were bought.

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Then, Wavemaker Global Select II LLC bought 1,472 shares, generating $11,776 in total proceeds.

Before that, Jordan James Buckly sold 140,231 shares. Serve Robotics Inc shares valued at $1,225,310 were divested by the Director at a price of $8.74 per share. As a result of the transaction, Jordan James Buckly now holds 518,804 shares, worth roughly $4.17 million.

Ladenburg Thalmann initiated its Serve Robotics Inc [SERV] rating to a Buy in a research note published on October 28, 2024; the price target was $16. A number of analysts have revised their coverage, including Northland Capital’s analysts, who began to cover the stock in mid October with a ‘”an Outperform”‘ rating. Seaport Research Partners began covering SERV with “Buy” recommendation on October 07, 2024.

Price Performance Review of SERV

On Monday, Serve Robotics Inc [NASDAQ:SERV] saw its stock jump 0.37% to $8.03. Over the last five days, the stock has lost -14.12%. Serve Robotics Inc shares have fallen nearly -67.88% since the year began.

Levels Of Support And Resistance For SERV Stock

The 24-hour chart illustrates a support level at 7.64, which if violated will result in even more drops to 7.24. On the upside, there is a resistance level at 8.30. A further resistance level may holdings at 8.57. The Relative Strength Index (RSI) on the 14-day chart is 41.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.89%. Stochastics %K at 5.08% indicates the stock is a buying.

How much short interest is there in Serve Robotics Inc?

A steep rise in short interest was recorded in Serve Robotics Inc stocks on 2024-10-31, dropping by -1.46 million shares to a total of 3.18 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.63 million shares. There was a decline of -45.8%, which implies that there is a negative sentiment for the stock.

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