Serve Robotics

Serve Robotics closed regular trading at $5.065, down 4.62% from the prior close, as pre-earnings sentiment weighed on the stock following Q1 net loss widening 270.76% YoY to $49M, while revenue surged 578.18% to $2.984M but failed to offset operating losses, with net margin at -1,642.2%. After a pre-market high of $5.35, the stock reversed and touched an intraday low of $5.032, reflecting a clear spike-and-retreat pattern. The price is 72.83% below its 52-week high of $18.64 and trades below the 20-day moving average of $5.835. Though analysts'' 12-month consensus target of $18.8 implies substantial upside, the company's Q2 earnings release on August 6 will be critical to see if revenue growth can improve profitability.

Serve Robotics opened lower and trended downward during regular trading, falling 5.2% to $5.45 by ET 09:49 and hitting a new 52-week low. The selloff was driven by Q1 revenue surging 578% YoY to $2.984 million but net loss widening 270.76% to $49 million, with EPS of -$0.65, intensifying concerns over cash burn. The stock opened at $5.61 and posted a single-session downtrend, bottoming at $5.44, down 70.76% from its 52-week high of $18.64 and well below the MA20 ($6.19) and MA60 ($7.83), with YTD decline of 53.93%. Analysts have recently lowered the 12-month price target from $18.8, while news of Uber's board director departure added to sentiment overhang. However, continued institutional interest in AI-driven robotics from firms like AMD offered some offsetting support.

Serve Robotics continued its decline during regular trading hours, last trading at $6.125 as of ET 10:03, down 5.0% from the previous close of $6.450, driven by widening Q1 losses and a CFO share sale. Q1 net loss widened to $49.0 million, up 270.8% YoY, with EPS of -$0.65, while revenue surged to $2.98 million but remained insufficient to cover costs; the company's recent expansion into laundry delivery has raised concerns about profitability of non-core ventures. The stock is now trading below both its 20-day MA of $6.649 and 60-day MA of $8.223, with a YTD decline of 48.2% and a 67.1% drop from its 52-week high of $18.64, hovering just above the 52-week low of $5.775. In post-market trading, the stock rebounded to $6.450, matching the prior close, suggesting some bargain hunting.