A share price of UiPath Inc [PATH] is currently trading at $21.31, down -0.47%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PATH shares have lost -0.19% over the last week, with a monthly amount drifted -13.51%, and not seem to be holding up well over a long-time horizon.
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On 8, April 2024, UiPath Named a Leader for Second Consecutive Year in the Everest Group Intelligent Document Processing (IDP) Products PEAK Matrix® Assessment 2024. In a post published today on Yahoo Finance, UiPath is positioned the highest in the Leader category in vision, capabilities, and market impact as its market-leading specialized AI solutions extend deeper into enterprise customer environments to maximize business outcomes.
From an analyst’s perspective:
Previously, JP Morgan upgraded its rating to Overweight on March 14, 2024, and elevated its price target to $28. On March 14, 2024, Needham reiterated its Buy rating and revised its price target to $30 on the stock. Scotiabank started tracking the stock assigning a Sector Perform rating. William Blair initiated its recommendation with a Outperform. Wells Fargo downgraded its rating to Equal Weight for this stock on June 09, 2023, but kept the price target unchanged to $20. In a note dated April 21, 2023, DA Davidson initiated an Neutral rating and provided a target price of $16 on this stock.
UiPath Inc experienced fluctuations in its stock price throughout the past year between $12.38 and $27.87. Currently, Wall Street analysts expect the stock to reach $27.43 within the next 12 months. UiPath Inc [NYSE: PATH] shares were valued at $21.31 at the most recent close of the market. An investor can expect a potential return of 28.72% based on the average PATH price forecast.
Analyzing the PATH fundamentals
Trailing Twelve Months sales for UiPath Inc [NYSE:PATH] were 1.31B which represents 31.34% growth. Gross Profit Margin for this corporation currently stands at 0.85% with Operating Profit Margin at -0.13%, Pretax Profit Margin comes in at -0.06%, and Net Profit Margin reading is -0.07%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.05 and Total Capital is -0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.03.
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 21.06 points at the first support level, and at 20.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.61, and for the 2nd resistance point, it is at 21.91.
UiPath Inc [PATH] reported earnings per share of $0.22 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.16/share, meaning a difference of $0.06 and a surprise factor of 37.50%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $0.12 per share as compared to estimates of $0.07 per share, a difference of $0.05 representing a surprise of 71.40%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for UiPath Inc [NYSE:PATH] is 3.52. As well, the Quick Ratio is 3.52, while the Cash Ratio is 1.49. Considering the valuation of this stock, the price to sales ratio is 9.27, the price to book ratio is 6.02.
Transactions by insiders
Recent insider trading involved Gupta Ashim, Chief Financial Officer, that happened on Apr 04 ’24 when 40000.0 shares were sold. Chief Financial Officer, Gupta Ashim completed a deal on Apr 04 ’24 to sell 16000.0 shares. Meanwhile, Chief Financial Officer Gupta Ashim sold 16000.0 shares on Mar 15 ’24.
