Serve Robotics (NASDAQ:SERV) Stock Price Up 0.3%

Shares of Serve Robotics Inc. (NASDAQ:SERV) traded up 0.3% on Wednesday . The stock traded as high as $11.34 and last traded at $11.26. 1,597,937 shares were traded during mid-day trading, a decline of 87% from the average session volume of 12,467,068 shares. The stock had previously closed at $11.23.

Analysts Set New Price Targets

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

Serve Robotics Stock Up 0.9 %

The firm has a 50 day simple moving average of $7.50.

Institutional Trading of Serve Robotics

A hedge fund recently bought a new stake in Serve Robotics stock. PFG Investments LLC purchased a new position in Serve Robotics Inc. (NASDAQ:SERV) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & 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 as of its most recent filing with the Securities & Exchange Commission.

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.