Serve Robotics shares plunge 25.7% in a week as analysts widen loss forecasts
SERV Serve Robotics Inc
$3.05 -0.97%
View chart & analysis → - 1Serve Robotics (SERV) shares fell 25.7% in one week to a closing price of $3.49 on October 16
- 2Northland Securities widened the third-quarter loss forecast per share from $0.72 to $0.88 and the 2026 annual loss from $2.82 to $3.22
- 3Concerns over dilution grew as annual deficits are expected through 2028 alongside an S-8 registration of 4.13 million shares
So what's the key point?
An analyst predicted that the company's losses will be larger and last longer than expected. With news of more shares being issued, the stock price fell by more than a quarter in a single week.
Source The Motley Fool +1 · View original ↗
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