Serve Robotics’ (NASDAQ:SERV – Get Free Report) lock-up period will end on Tuesday, October 15th. Serve Robotics had issued 10,000,000 shares in its public offering on April 18th. The total size of the offering was $40,000,000 based on an initial share price of $4.00. After the end of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.
Wall Street Analyst Weigh In
Separately, Aegis upgraded shares of Serve Robotics to a “strong-buy” rating in a report on Wednesday, July 24th.
View Our Latest Research Report on SERV
Serve Robotics Trading Up 11.7 %
Serve Robotics (NASDAQ:SERV – Get Free Report) last issued its quarterly earnings results on Tuesday, August 13th. The company reported ($0.27) earnings per share (EPS) for the quarter. Serve Robotics had a negative net margin of 2,155.86% and a negative return on equity of 728.80%. The business had revenue of $0.47 million during the quarter. Research analysts predict that Serve Robotics will post -0.85 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Serve Robotics
A hedge fund recently bought a new stake in Serve Robotics stock. PFG Investments LLC purchased a new stake in Serve Robotics Inc. (NASDAQ:SERV – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. 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.
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