Why Serve Robotics Stock Plunged This Week

Serve Robotics shares fell this week following a research report from Northland Securities released on Monday, Oct. 12. According to Motley Fool, analyst M. Latimore reduced third-quarter earnings expectations to a loss of $0.88 per share and increased the full-year 2026 loss projection from $2.82 to $3.22 per share. Northland also projected continued annual losses through 2028. Nasdaq Markets reported that analyst estimates were cut, projecting deeper losses through 2027.

The decline was further driven by a new equity registration. Nasdaq Markets stated a new equity registration pushed the stock down 19.8% this week, while Motley Fool noted that a Form S-8 filing to register 4.13 million additional common shares under an equity incentive plan raised concerns regarding share dilution.

Motley Fool reported that the stock closed at $3.49 on Friday, Oct. 16, representing a 25.7% decrease from the previous Friday's close. This movement follows a sell-off that has left the stock trading near its 52-week low of $3.25.

Brief written by urgent.news from Nasdaq Markets, Motley Fool — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.