UiPath Inc. (NYSE:PATH) saw a downside of -2.22% to close Tuesday at $15.83 after subtracting -$0.36 on the day. The 5-day average trading volume is 7,400,500 shares of the company’s common stock. It has gained $17.40 in the past week and touched a new high 1 time within the past 5 days. An average of 7,380,155 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 10,705,938.
PATH’s 1-month performance is -7.26% or -$0.66 on its low of $15.40 reached on 08/08/23. The company’s shares have touched a 52-week low of $10.40 and high of $22.19, with the stock’s rally to the 52-week high happening on 06/07/23. YTD, PATH has achieved 24.55% or $3.12 and has reached a new high 13 times. However, the current price is down -28.66% from the 52-week high price.
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Insider Transactions
PATH stock investors last saw insider trading activity on Jul 17.Gupta Ashim (Chief Financial Officer) most recently sold 40,000 shares at $18.44 per share on Jul 17. This transaction cost the insider $737,736. Chief Financial Officer, Gupta Ashim, sold 12,000 shares at a price of $18.44 on Jul 17. Then, on Jul 11, Director Wong Rich sold 56,549 shares at a price of $17.97 per share. This transaction amounted to $1,016,022.
Valuation Metrics
PATH stock has a beta of 0.68. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 8.16 while the price-to-book (PB) in the most recent quarter is 4.51, with the price to cash flow ratio at 95.59.
UiPath Inc.’s quick ratio for the period ended April 29 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 83.90%. The trailing 12-month EBITDA margin is -27.81% while for the period ending April 29, UiPath Inc.’s operating margin was -25.30%. The firm’s gross profit as reported stood at $878.53 million against revenue of $1.06 billion.
Earnings Surprise
For the quarterly period ending April 29 this year, UiPath Inc.’s cash and short-term investments amounted to $469.07 million against total debt of $63.82 million. Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -284.2% to -$31.9 million, while revenue of -$224.92 million was -605.08% off the previous quarter. Analysts expected PATH to announce $0.02 per share in earnings in its latest quarter, but it posted $0.11, representing a 450.00% surprise. EBITDA for the quarter stood at more than -$27.75 million. PATH stock balance sheet for the quarter ending April 29 shows that total liabilities totaled 687.15 million, with total debt at $63.82 million. Shareholders hold equity totaling $561.16 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 08 August was 35.10% to suggest the stock is trending Neutral, with historical volatility in this time period at 54.54%.
The stock’s 5-day moving average is $16.16, reflecting a -11.02% or -$1.96 change from its current price. PATH is currently trading -10.51% above its 20-day SMA, +8.13% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +9.10% and SMA200 by+34.84%.
Stochastic %K and %D was 10.94% and 8.82% and the average true range (ATR) pointed at 0.81. The RSI (14) points at 40.38%, while the 14-day stochastic is at 13.92% with the period’s ATR at 0.84. The stock’s 9-day MACD Oscillator is pointing at -0.73 and -0.90 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for UiPath Inc. (NYSE: PATH), Wells Fargo downgraded it to an Equal weight rating. They previously had an Overweight rating on the stock.
