UiPath Inc (NYSE: PATH) Is Up 8.02% Over The Last Week, But Will It Continue To Climb?

UiPath Inc (NYSE:PATH)’s traded shares stood at 5.51 million during the latest session, with the company’s beta value hitting 0.94. At the last check today, the stock’s price was $15.22, to imply a decrease of -0.72% or -$0.11 in intraday trading. The PATH share’s 52-week high remains $27.87, putting it -83.11% down since that peak but still an impressive 31.87% since price per share fell to its 52-week low of $10.37. The company has a valuation of $8.37B, with an average of 9.53 million shares in intraday trading volume over the past 10 days and average of 8.60 million shares over the past 3 months.

Analysts have given a consensus recommendation of Hold for UiPath Inc (PATH), translating to a mean rating of 2.65. Of 10 analyst(s) looking at the stock, 0 analyst(s) give PATH a Sell rating. 0 of those analysts rate the stock as Overweight while 7 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.07.

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UiPath Inc (NYSE:PATH) trade information

After registering a -0.72% downside in the latest session, UiPath Inc (PATH) has traded red over the past five days. The 5-day price performance for the stock is 8.02%, and 21.37% over 30 days. With these gigs, the year-to-date price performance is -38.73%. Short interest in UiPath Inc (NYSE:PATH) saw shorts transact 27.2 million shares and set a 4.05 days time to cover.

The extremes give us $13 and $16 for target low and target high price respectively. As such, PATH has been trading -5.12% off suggested target high and 14.59% from its likely low.

UiPath Inc (PATH) estimates and forecasts

Looking at statistics comparing UiPath Inc share performance against respective industry, we note that the company has underperformed competitors. UiPath Inc (PATH) shares are 24.24% up over the last 6 months, with its year-to-date growth rate lower than industry average at -25.93% against 16.50%. The rating firms project that company’s revenue will grow 8.79% compared to the previous financial year.

Revenue forecast for the current quarter as set by 18 analysts is 347.72M. Meanwhile, for the current quarter, a total of 17 analyst(s) estimate revenue growth to 424.03M.Earnings reports from the last fiscal year show that sales brought in 325.92M and 405.25M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 6.69% before jumping 4.63% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 20.57% for the past 5-year period. While 2024 is set for a -24.23% return in earnings, projections for the next 5 years are at 32.50% annually.

PATH Dividends

UiPath Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

UiPath Inc (NYSE:PATH)’s Major holders

UiPath Inc insiders hold 7.00% of total outstanding shares, with institutional holders owning 65.11% of the shares at 70.02% float percentage. In total, 65.11% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 42.89 million shares (or 7.5251% of shares), all amounting to roughly $543.82 million.

The next major institution holding the largest number of shares is ARK INVESTMENT MANAGEMENT LLC with 29.75 million shares, or about 5.2195% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $377.2 million.