Serve Robotics Inc. (SERV)

NASDAQ: SERV · Real-Time Price · USD
14.14
-2.54 (-15.23%)
At close: Dec 18, 2024, 4:00 PM
14.59
+0.45 (3.18%)
After-hours: Dec 18, 2024, 7:59 PM EST
-15.23%
Market Cap 621.79M
Revenue (ttm) 1.68M
Net Income (ttm) -33.13M
Shares Out 43.97M
EPS (ttm) -1.06
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 13,516,520
Open 16.30
Previous Close 16.68
Day's Range 13.62 - 16.55
52-Week Range 1.77 - 30.00
Beta n/a
Analysts Strong Buy
Price Target 14.67 (+3.75%)
Earnings Date Nov 7, 2024

About SERV

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. Serve Robotics Inc. was founded in 2017 and is based in Redwood City, California. [Read more]

Sector Industrials
Founded 2017
Employees 67
Stock Exchange NASDAQ
Ticker Symbol SERV
Full Company Profile

Financial Performance

In 2023, Serve Robotics's revenue was $207,545, an increase of 92.49% compared to the previous year's $107,819. Losses were -$24.81 million, 13.5% more than in 2022.

Financial numbers in USD Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for SERV stock is "Strong Buy." The 12-month stock price forecast is $14.67, which is an increase of 3.75% from the latest price.

Price Target
$14.67
(3.75% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Serve Robotics: Dirt Cheap AI Stock With Huge Upside

Serve Robotics leverages Uber's resources to revolutionize last-mile delivery with cost-efficient, eco-friendly, autonomous robots, aiming to deploy 2,000 units by 2025. The partnership with Uber prov...

8 days ago - Seeking Alpha

Serve Robotics Announces Appointment of Lily Sarafan to its Board of Directors

SAN FRANCISCO, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Serve Robotics Inc. (Nasdaq: SERV), a leading embodied AI and automation company, today announced the appointment of Lily Sarafan to its Board of Direc...

9 days ago - GlobeNewsWire

Serve Robotics Appoints Anthony Armenta as Chief Software & Data Officer

SAN FRANCISCO, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Serve Robotics Inc. ("Serve") (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced the appointment of former Postmates and G...

4 weeks ago - GlobeNewsWire

SERV CEO on Acquiring Vebu, NVDA Partnership & Autonomous Industry

Ali Kashani, CEO of Serve Robotics (SERV), discusses the company's direction after acquiring Vebu. He hopes to expand the company's footprint in autonomous robot deliveries.

Other symbols: NVDA
5 weeks ago - Schwab Network

Serve Robotics Is Positioned To Remake The QSR Industry

Serve Robotics is to acquire Vebu, known for the Autocado, aiming to revolutionize kitchen automation and capitalize on the growing demand for innovative robotics in commercial kitchens. The Autocado,...

5 weeks ago - Seeking Alpha

Serve Robotics Inc. (SERV) Q3 2024 Earnings Call Transcript

Serve Robotics Inc. (NASDAQ:SERV) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Aduke Thelwell – Head-Communications and Investor Relations Ali Kashani – Co-Founde...

5 weeks ago - Seeking Alpha

Serve Robotics steps into restaurant kitchens with Vebu acquisition

Serve Robotics , known for its sidewalk delivery robots, is branching out from its mainstay focus on automated delivery solutions and into restaurant kitchens through its acquisition of the 'Autocado'...

5 weeks ago - Reuters

Serve Robotics Announces Third Quarter 2024 Results

Announced plans for geographic expansion into the Dallas Fort Worth metro Completed $32.3 million in capital raise transactions; Cash balance of $50.9 million as of third quarter end Announced agreeme...

5 weeks ago - PRNewsWire

Serve Robotics to Acquire Autocado Robot Maker Vebu, Expanding Automation Offering

Acquisition deepens Serve's offerings for the restaurant industry, helping partners improve efficiency and manage labor shortage challenges from kitchen to curb SAN FRANCISCO , Nov. 7, 2024 /PRNewswir...

5 weeks ago - PRNewsWire

Serve Robotics Announces Date of Third Quarter 2024 Financial Results and Conference Call

SAN FRANCISCO , Oct. 29, 2024 /PRNewswire/ -- Serve Robotics (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced that it will release its financial results for the third qu...

7 weeks ago - PRNewsWire

Serve Robotics ($SERV) Unveils New Autonomous Delivery Robot to Support National Rollout

Serve Robotics (NASDAQ: SERV), has unveiled its third-generation autonomous sidewalk delivery robot featuring enhanced capabilities and lower manufacturing costs. Equipped with Nvidia's (NASDAQ: NVDA)...

2 months ago - Green Stock News

SERV CEO on Autonomous Deliveries Becoming "Second Nature"

Ali Kashani, CEO of Serve Robotics (SERV), talks about the direction of the company after announcing its partnership with Wing Aviation. As Serve sets its sights on autonomous drone delivery, Ali disc...

2 months ago - Schwab Network

Serve Robotics and Wing Partner to Expand Autonomous Delivery, Increasing Reach and Efficiency

Serve robots enable pick-up in dense urban areas, as Wing drones expand Serve delivery radius Robot-to-drone solution will enable fast, affordable restaurant delivery over 6 mile radius SAN FRANCISCO ...

2 months ago - PRNewsWire

Serve Robotics ties up with Alphabet's unit for drone deliveries, launching pilot in Texas

Serve Robotics , which delivers food for Uber Eats using sidewalk robots, said it would partner with Alphabet-owned Wing Aviation to use drones, extending the operational range to more than six miles.

Other symbols: GOOGGOOGL
2 months ago - Reuters

Serve Robotics to Present at H.C. Wainwright's Annual Global Investment Conference

SAN FRANCISCO , Sept. 4, 2024 /PRNewswire/ -- Serve Robotics (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced that its management will deliver a presentation and join a ...

3 months ago - PRNewsWire

Aegis Capital Corp. Acted as Exclusive Placement Agent on a $20.0 Million Private Placement & Warrant Exercise for Serve Robotics Inc. (NASDAQ:SERV)

NEW YORK, NY / ACCESSWIRE / August 29, 2024 / Aegis Capital Corp. acted as Exclusive Placement Agent on a $20.0 Million Private Placement & Warrant Exercise for Serve Robotics Inc. (NASDAQ:SERV). Abou...

3 months ago - Accesswire

Serve Robotics Announces Closing of $20 Million Private Placement & Warrant Exercise

SAN FRANCISCO , Aug. 28, 2024 /PRNewswire/ --  Serve Robotics Inc.  ("Serve" or "Company") (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced the Company has closed on a s...

4 months ago - PRNewsWire

Serve Robotics Announces Pricing of Private Placement & Warrant Exercise for aggregate gross proceeds of $20 Million

SAN FRANCISCO , Aug. 27, 2024 /PRNewswire/ -- Serve Robotics Inc. ("Serve" or "Company") (Nasdaq: SERV), a leading autonomous sidewalk delivery company, announced today that the Company has entered in...

4 months ago - PRNewsWire

Serve Robotics: Don't Rush In Yet

Serve Robotics Inc. is a last-mile robot delivery service spun out from Uber, with plans to scale up to 2,000 robots by 2025. The company aims to generate $60-80 million in run rate revenues by the en...

4 months ago - Seeking Alpha

Serve Robotics CEO: Robots will soon deliver your food

Serve Robotics (SERV) stock is gaining some traction on Wednesday. While shares of the food delivery innovator are up by nearly 400% over the past month, its stock price is still down by over 50% from...

4 months ago - Yahoo Finance

Nvidia-Backed Serve Robotics Rises on Deal to Deliver Shake Shack Via Uber Eats

Serve Robotics (SERV) stock rose Wednesday as the Nvidia-backed last mile delivery company announced a partnership with Shake Shack (SHAK) to deliver the fast-casual chain's food through Uber Eats.

4 months ago - Investopedia

Serve Robotics Q2: Shake Shack's Partnership Is A Step In The Right Direction

Serve Robotics partners with Shake Shack for autonomous food delivery via Uber Eats, which should expand the serviceable market in Los Angeles. Serve Robotics reports Q2 earnings, showing revenue grow...

Other symbols: SHAK
4 months ago - Seeking Alpha

Is Serve Robotics (SERV) "First on the Scene" of a Delivery Innovation?

Small start-up, big ambitions. Serve Robotics (SERV) announced a partnership with Shake Shack (SHAK) to use its A.I.

4 months ago - Schwab Network

Shake Shack, Serve Robotics roll out autonomous sidewalk robot delivery in Los Angeles

Fast-food chain Shake Shack and Serve Robotics are partnering to use autonomous sidewalk robots to deliver orders placed on Uber Eats, the companies said on Wednesday.

Other symbols: SHAK
4 months ago - Reuters

Serve Robotics ($SERV) and Shake Shack ($SHAK) Roll Out Autonomous Delivery Via Uber Eats ($UBER)

Serve Robotics (Nasdaq: SERV), a leader in autonomous sidewalk delivery, and Shake Shack have announced a partnership to deliver Shake Shack meals via Serve's autonomous delivery robots on the Uber Ea...

Other symbols: SHAKUBER
4 months ago - Green Stock News