Streetbeat News

SERV

Serve Robotics Inc.

https://www.serverobotics.com

Industry

Industrial - Machinery

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.

Open

7.88

Mkt cap

354M

Volume

3.5M

High

8.33

P/E Ratio

-10.39

52-wk high

30.00

Low

7.80

Div yield

N/A

52-wk low

1.77

Serve Robotics (SERV) CEO Ali Kashani discusses the company's acquisition of Vebu and its plans to expand in the autonomous robot delivery sector. The company is also in partnership with NVIDIA (NVDA) to enhance its technological capabilities.

Portfolio Pulse from

November 12, 2024 | 8:30 pm

Serve Robotics has experienced a 180% surge in its stock price over the past six months, driven by strong demand for last-mile delivery services despite increasing competition.

Portfolio Pulse from

November 12, 2024 | 7:00 pm

Serve Robotics Inc. (NASDAQ:SERV) held its Q3 2024 earnings call, discussing financial performance and company updates.

Portfolio Pulse from

November 09, 2024 | 10:30 am

Serve Robotics, known for its sidewalk delivery robots, is expanding into restaurant kitchens by acquiring Vebu's 'Autocado' technology, which is used in Chipotle stores.

Portfolio Pulse from

November 07, 2024 | 11:00 pm

Serve Robotics Inc. (Nasdaq: SERV) reported its Q3 2024 results, highlighting a $32.3 million capital raise, a cash balance of $50.9 million, and plans for expansion into the Dallas Fort Worth area. The company also announced an agreement to acquire Vebu and its avocado-processing robot, Autocado.

Portfolio Pulse from

November 07, 2024 | 9:30 pm

Serve Robotics Inc. (Nasdaq: SERV) is acquiring Vebu Inc., a company specializing in automation and robotics solutions for restaurants. This acquisition aims to enhance Serve's offerings in the restaurant industry, addressing efficiency and labor shortage challenges.

Portfolio Pulse from

November 07, 2024 | 9:15 pm

Serve Robotics is set to report its Q3 2024 earnings, with expectations of positive performance driven by advancements in robotics and support from partner platforms.

Portfolio Pulse from

November 05, 2024 | 7:00 pm

Several consumer discretionary stocks experienced significant intraday movements on Monday. Notable gainers included Greenlane Holdings, Serve Robotics, and QuantaSing Group, while Digital Brands Group and SAG Holdings were among the top losers.

Portfolio Pulse from Benzinga Insights

October 28, 2024 | 4:31 pm

Serve Robotics shares rose after Ladenburg Thalmann initiated coverage with a Buy rating and set a price target of $16.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 4:18 pm

Several US-listed stocks saw significant gains on Monday. PROCEPT BioRobotics reported strong Q3 earnings, boosting its stock by 25%. Monte Rosa Therapeutics surged 60.5% after a licensing deal with Novartis. EyePoint Pharmaceuticals rose 33.6% on positive trial data. Other notable gainers include Revance Therapeutics, ImmunityBio, and Trump Media & Technology Group.

Portfolio Pulse from Avi Kapoor

October 28, 2024 | 2:15 pm

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