Serve Robotics (NASDAQ:SERV) Shares Down 0.4%

Shares of Serve Robotics Inc. (NASDAQ:SERV) fell 0.4% during trading on Tuesday . The stock traded as low as $11.13 and last traded at $11.16. 3,875,218 shares were traded during mid-day trading, a decline of 68% from the average session volume of 12,250,556 shares. The stock had previously closed at $11.21.

Wall Street Analyst Weigh In

Separately, Aegis raised shares of Serve Robotics to a “strong-buy” rating in a report on Wednesday, July 24th.

Serve Robotics Stock Up 9.6 %

The firm’s fifty day simple moving average is $6.33.

Serve Robotics (NASDAQ:SERV) last announced its quarterly earnings data 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 research analysts predict that Serve Robotics Inc. will post -0.86 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Serve Robotics stock. PFG Investments LLC purchased a new stake in shares of Serve Robotics Inc. (NASDAQ:SERV) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 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.