In today’s recent session, 4.49 million shares of the UiPath Inc (NYSE:PATH) have been traded, and its beta is 0.88. Most recently the company’s share price was $12.92, and it changed around $0.16 or 1.25% from the last close, which brings the market valuation of the company to $7.11B. PATH at last check was trading at a discount to its 52-week high of $27.87, offering almost -115.71% off that amount. The share price’s 52-week low was $10.37, which indicates that the recent value has risen by an impressive 19.74% since then. We note from UiPath Inc’s average daily trading volume that its 10-day average is 8.37 million shares, with the 3-month average coming to 8.71 million.
UiPath Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.62. If we narrow it down even further, the data shows that 0 out of 25 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 20 recommended PATH as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. UiPath Inc is expected to report earnings per share of 0.07 for the current quarter.
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UiPath Inc (NYSE:PATH) trade information
Instantly PATH has been showing a green trend so far today with a performance of 1.25% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 13.60 on recent trading dayincreased the stock’s daily price by 5.0%. The company’s shares are currently down -47.99% year-to-date, but still down -4.51% over the last five days. On the other hand, UiPath Inc (NYSE:PATH) is 2.21% up in the 30-day period. We can see from the shorts that 23.33 million shares have been sold at a short interest cover period of 4.0 day(s).
The consensus price target as assigned by Wall Street analysts is $24.5, which translates to bulls needing to increase their stock price by 47.27% from its current value. Analyst projections state that PATH is forecast to be at a low of $12 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 fallen -34.05 percent over the past six months and at a -24.07% annual growth rate that is well below the industry average of 19.70%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -38.52% in revenue this quarter, and will report a decrease of -23.31% in the next quarter. The year-over-year growth rate is expected to be 8.73%, up from the previous year.
Consensus estimates provided by 18 financial analysts predict the company will bring in an average of 347.77M in revenue for the current quarter. 18 analysts expect UiPath Inc to make 423.62M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 325.92M and 405.25M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 6.70%. Forecasts for the next quarter put sales growth at 4.53%.
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 -24.24% in 2024, but the outlook is positive 32.50% per year for the next five years.
PATH Dividends
UiPath Inc’s next quarterly earnings report is expected to be released in December.
UiPath Inc (NYSE:PATH)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 7.00% of UiPath Inc shares, and 64.67% of them are in the hands of institutional investors. The stock currently has a share float of 69.54%. UiPath Inc stock is held by 607.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 7.5251% of the shares, which is about 42.89 million shares worth $543.82 million.
ARK INVESTMENT MANAGEMENT LLC, with 5.2195% or 29.75 million shares worth $377.2 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and ARK ETF Tr-ARK Innovation ETF were the top two Mutual Funds as of Jun 30, 2024. The former held 13.15 shares worth $169.88 million, making up 2.81% of all outstanding shares. On the other hand, ARK ETF Tr-ARK Innovation ETF held roughly 13.12 shares worth around $169.48 million, which represents about 2.81% of the total shares outstanding.
