Why Serve Robotics Stock Plunged This Week

Serve Robotics (SERV) stock plunged 25.7% this week after Northland Securities cut earnings estimates and projected continued losses through 2028. The company filed to register 4.13 million additional shares, raising dilution concerns. With quarterly net losses of $64.1 million and minimal commercial revenue, investors are questioning whether the autonomous delivery robot company can achieve profitability before depleting its $235.4 million cash reserves.