New insider activity at Serve Robotics Inc ( (SERV) ) has taken place on March 21, 2025.
CEO Ali Kashani has recently sold 2,055 shares of Serve Robotics Inc, amounting to a total value of $15,145. This transaction highlights a significant movement in the company’s stock by its top executive.
Recent Updates on SERV stock
Serve Robotics Inc. has recently reported a significant increase in revenue, achieving a 773% year-over-year growth, largely driven by the expansion of its software services and delivery operations. The company has also made strides in technological advancements, particularly with the development of its third-generation robots, which are faster and more cost-efficient. Despite these positive developments, Serve Robotics faces challenges such as increased operating expenses and a higher net loss, attributed to investments in research and development and corporate infrastructure. Additionally, the company encountered difficulties in closing a planned acquisition of Vivo. However, Serve Robotics maintains a strong cash position, with $123 million in liquidity, and has ambitious plans to deploy 2,000 robots by the end of the year, indicating a positive outlook for future growth.
More about Serve Robotics Inc
YTD Price Performance: -49.86%
Average Trading Volume: 10,500,243
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $409.2M
Questions or Comments about the article? Write to editor@tipranks.com