UiPath Inc [PATH] stock prices are down -0.51% to $23.63 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The PATH shares have gain 1.29% over the last week, with a monthly amount glided 2.83%, and seem to be holding up well over a long-time horizon.
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On 29, February 2024, UiPath and Google Cloud Expand Strategic Partnership to Accelerate Access to Gen AI and Cloud-based Automation. In a post published today on Yahoo Finance, UiPath is now available on Google Cloud Marketplace and integrates with Google Vertex AI to allow professionals to utilize Google Cloud’s Gen AI alongside UiPath’s AI-powered automation.
From an analyst’s perspective:
On June 09, 2023, downgrade downgraded it’s rating to Equal Weight but maintained its price target of $20 on the stock. DA Davidson started tracking the stock assigning a Neutral rating and suggested a price target of $16 on April 21, 2023. Canaccord Genuity upgraded its rating to a Buy and raised its price target to $19 on March 16, 2023. Oppenheimer downgraded its rating to Perform for this stock on November 03, 2022. In a note dated October 18, 2022, Barclays downgraded an Equal Weight rating on this stock and revised its target price from $17 to $15.
The stock price of UiPath Inc [PATH] has been fluctuating between $12.38 and $27.87 over the past year. Currently, Wall Street analysts expect the stock to reach $25.97 within the next 12 months. UiPath Inc [NYSE: PATH] shares were valued at $23.63 at the most recent close of the market. An investor can expect a potential return of 9.9% based on the average PATH price forecast.
Analyzing the PATH fundamentals
The UiPath Inc [NYSE:PATH] reported sales of 1.21B for trailing twelve months, representing a surge of 24.05%. Gross Profit Margin for this corporation currently stands at 0.84% with Operating Profit Margin at -0.19%, Pretax Profit Margin comes in at -0.12%, and Net Profit Margin reading is -0.13%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.08 and Total Capital is -0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.03.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 23.20 points at the first support level, and at 22.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.94, and for the 2nd resistance point, it is at 24.25.
UiPath Inc [PATH] reported earnings per share of $0.12 for its fiscal quarter that ended on 10/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.07/share, meaning a difference of $0.05 and a surprise factor of 71.40%. By comparison, the stated earnings for the previous quarter ended on 7/30/2023 were $0.09 per share as compared to estimates of $0.03 per share, a difference of $0.06 representing a surprise of 200.00%.
Ratios To Look Out For
It’s worth pointing out that UiPath Inc [NYSE:PATH]’s Current Ratio is 3.77. On the other hand, the Quick Ratio is 3.77, and the Cash Ratio is 1.6. Considering the valuation of this stock, the price to sales ratio is 11.04, the price to book ratio is 6.83.
Transactions by insiders
Recent insider trading involved Gupta Ashim, Chief Financial Officer, that happened on Feb 05 when 16000.0 shares were sold. Director, Wong Rich completed a deal on Jan 08 to sell 0.2 million shares. Meanwhile, Chief Financial Officer Gupta Ashim sold 70000.0 shares on Jan 08.
