UiPath Inc (NYSE:PATH) remained unchanged to close Monday at $16.29 after subtracting $0.0 on the day. The 5-day average trading volume is 5,476,260 shares of the company’s common stock. It has gained $17.39 in the past week and touched a new high 2 times within the past 5 days. An average of 9,070,805 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 7,449,938.
PATH’s 1-month performance is 11.27% or $1.26 on its low of $14.94 reached on 08/29/23. The company’s shares have touched a 52-week low of $10.40 and high of $19.94, with the stock’s rally to the 52-week high happening on 06/07/23. YTD, PATH has achieved 28.17% or $3.58 and has reached a new high 13 times. However, the current price is down -18.30% from the 52-week high price.
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Insider Transactions
PATH stock investors last saw insider trading activity on Sep 15.Gupta Ashim (Chief Financial Officer) most recently sold 40,000 shares at $17.38 per share on Sep 15. This transaction cost the insider $695,272. Chief Financial Officer, Gupta Ashim, sold 12,000 shares at a price of $17.38 on Sep 15. Then, on Aug 15, Chief Financial Officer Gupta Ashim sold 40,000 shares at a price of $15.52 per share. This transaction amounted to $620,932.
Valuation Metrics
PATH stock has a beta of 0.63. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 8.04 while the price-to-book (PB) in the most recent quarter is 4.65, with the price to cash flow ratio at 52.37.
UiPath Inc’s quick ratio for the period ended July 30 was 4.33, with the current ratio over the same period at 4.33. As well, the company’s long term debt to equity for the quarter ending July 30 was 0.03, while the total debt to equity was 0.03. In terms of profitability, the gross margin trailing 12 months is 83.86%. The trailing 12-month EBITDA margin is -27.81% while for the period ending July 30, UiPath Inc’s operating margin was -19.34%. 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 July 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -99.44% to -$60.36 million, while revenue of -$31.9 million was 47.15% off the previous quarter. Analysts expected PATH to announce $0.03 per share in earnings in its latest quarter, but it posted $0.09, representing a 200.00% surprise. EBITDA for the quarter stood at more than -$58.3 million. PATH stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 686.77 million, with total debt at $63.04 million. Shareholders hold equity totaling $566.74 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 25 September was 38.69% to suggest the stock is trending Neutral, with historical volatility in this time period at 28.51%.
The stock’s 5-day moving average is $16.55, reflecting a -6.43% or -$1.12 change from its current price. PATH is currently trading +8.38% above its 20-day SMA, +19.96% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -7.13% and SMA200 by+30.95%.
Stochastic %K and %D was 14.12% and 22.02% and the average true range (ATR) pointed at 0.67. The RSI (14) points at 44.86%, while the 14-day stochastic is at 7.44% with the period’s ATR at 0.70. The stock’s 9-day MACD Oscillator is pointing at -0.77 and -1.15 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. 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. 1 rates the stock as overweight while 8 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 $16.00 and a high of $25.00, with their median price target at $19.00. Looking at these predictions, the average price target given by analysts is for UiPath Inc (PATH) stock is $19.69.
