UiPath Inc (NYSE: PATH) Shares Could Drop Up To -221.29%

In today’s recent session, 3.02 million shares of the UiPath Inc (NYSE:PATH) have been traded, and its beta is 1.01. Most recently the company’s share price was $19.92, and it changed around $0.7 or 3.62% from the last close, which brings the market valuation of the company to $11.33B. PATH at last check was trading at a discount to its 52-week high of $27.87, offering almost -39.91% off that amount. The share price’s 52-week low was $13.30, which indicates that the recent value has risen by an impressive 33.23% since then. We note from UiPath Inc’s average daily trading volume that its 3-month average coming to 7.99 million.

UiPath Inc (NYSE:PATH) trade information

Instantly PATH has been showing a green trend so far today with a performance of 3.62% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently down -19.82% year-to-date, but still up 0.34% over the last five days. On the other hand, UiPath Inc (NYSE:PATH) is -3.83% down in the 30-day period.

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The consensus price target as assigned by Wall Street analysts is $27.43, which translates to bulls needing to increase their stock price by 27.38% from its current value. Analyst projections state that PATH is forecast to be at a low of $13 and a high of $64.

UiPath Inc (PATH) estimates and forecasts

UiPath Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 20.05 percent over the past six months and at a 5.56% annual growth rate that is well below the industry average of 21.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 9.10% in revenue this quarter, and will report an increase of 11.10% in the next quarter. The year-over-year growth rate is expected to be 19.10%, up from the previous year.

Consensus estimates provided by 19 financial analysts predict the company will bring in an average of $333.04 million in revenue for the current quarter. 19 analysts expect UiPath Inc to make $342.33 million in revenue for the quarter ending Jul 2024.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 20.57%. UiPath Inc earnings are expected to increase by 7.40% in 2024, but the outlook is positive 46.20% per year for the next five years.