Serve Robotics (SERV) Scheduled to Post Quarterly Earnings on Thursday

Serve Robotics (NASDAQ:SERV) is set to issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of ($0.20) per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Serve Robotics (NASDAQ:SERV) last issued its quarterly earnings results on Tuesday, August 13th. The company reported ($0.27) EPS for the quarter. Serve Robotics had a negative return on equity of 728.80% and a negative net margin of 2,155.86%. The company had revenue of $0.47 million for the quarter. On average, analysts expect Serve Robotics to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Serve Robotics Stock Performance

SERV stock traded up $0.48 on Tuesday, hitting $9.93. 2,017,840 shares of the company were exchanged, compared to its average volume of 9,695,772. Serve Robotics has a twelve month low of $1.77 and a twelve month high of $24.09. The company has a fifty day simple moving average of $8.70.

Analysts Set New Price Targets

Several research firms have recently issued reports on SERV. Northland Securities began coverage on shares of Serve Robotics in a research report on Friday, October 18th. They issued an “outperform” rating and a $16.00 price objective for the company. Seaport Res Ptn raised shares of Serve Robotics to a “strong-buy” rating in a research report on Monday, October 7th. Northland Capmk raised shares of Serve Robotics to a “strong-buy” rating in a report on Friday, October 18th. Aegis raised shares of Serve Robotics to a “strong-buy” rating in a report on Wednesday, July 24th. Finally, LADENBURG THALM/SH SH began coverage on shares of Serve Robotics in a report on Monday, October 28th. They set a “buy” rating and a $16.00 price target for the company. Two research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Strong Buy” and a consensus price target of $16.00.

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.