UiPath Inc. (NYSE:PATH) saw a downside of -1.54% to $14.41 after subtracting -$0.23 on Tuesday. The 5-day average trading volume is 3,865,190 shares of the company’s common stock. It has gained $15.16 in the past week and touched a new high 1 time within the past 5 days. An average of 5,191,363 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,158,227.
PATH’s 1-month performance is 16.28% or $2.35 on its low of $10.98 reached on 01/06/23. The company’s shares have touched a 52-week low of $10.40 and high of $39.00, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, PATH has achieved 15.18% or $1.74 and has reached a new high 5 times. However, the current price is down -63.04% from the 52-week high price.
PATH stock investors last saw insider trading activity on Dec 05.Ramani Hitesh (Chief Accounting Officer) most recently sold 2,100 shares at $14.45 per share on Dec 05. This transaction cost the insider $30,345. Chief Financial Officer, Gupta Ashim, sold 10,000 shares at a price of $13.50 on Dec 05. Then, on Dec 05, Chief Financial Officer Gupta Ashim sold 10,000 shares at a price of $13.50 per share. This transaction amounted to $135,037.
Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 7.42 while the price-to-book (PB) in the most recent quarter is 4.33.
UiPath Inc.’s quick ratio for the period ended October 30 was 4.50, with the current ratio over the same period at 4.50. In terms of profitability, the gross margin trailing 12 months is 83.40%. The firm’s gross profit as reported stood at $723.38 million against revenue of $892.25 million.
For the quarterly period ending October 30 this year, UiPath Inc.’s cash and short-term investments amounted to $225.61 million against total debt of $61.49 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -112.73% to -$57.72 million, while revenue of -$120.38 million was -108.56% off the previous quarter. Analysts expected PATH to announce -$0.03 per share in earnings in its latest quarter, but it posted $0.05, representing a 266.70% surprise. EBITDA for the quarter stood at more than -$42.36 million. PATH stock balance sheet for the quarter ending October 30 shows that total liabilities totaled 651.86 million, with total debt at $61.49 million. Shareholders hold equity totaling $552.84 million.
Let’s look briefly at UiPath Inc. (PATH) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 64.78% to suggest the stock is trending Neutral, with historical volatility in this time period at 43.01%.
The stock’s 5-day moving average is $14.16, reflecting a +0.66% or $0.10 change from its current price. PATH is currently trading +17.90% above its 20-day SMA, -12.13% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +37.01% and SMA200 by-31.98%.
Stochastic %K and %D was 82.81% and 76.09% and the average true range (ATR) pointed at 0.79. The RSI (14) points at 61.58%, while the 14-day stochastic is at 83.13% with the period’s ATR at 0.80. The stock’s 9-day MACD Oscillator is pointing at 0.47 and 1.10 on the 14-day charts.
In the most recent analyst report for UiPath Inc. (NYSE: PATH), Oppenheimer downgraded it to a Perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for PATH stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate PATH as a “sell,”, while 12 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 7 have offered a “buy” rating.
What is PATH’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $13.00 and a high of $27.50, with their median price target at $16.00. Looking at these predictions, the average price target given by analysts is for UiPath Inc. (PATH) stock is $17.47.