UiPath Inc (NYSE:PATH) price on current trading day, rose 0.79% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $12.73.
A look at the stock’s price movement, the close in the last trading session was $12.63. Turning to its 52-week performance, $25.47 and $10.37 were the 52-week high and 52-week low respectively. Overall, PATH moved -7.49% over the past month.
UiPath Inc’s market cap currently stands at around $7.00 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 425.34M for the company’s revenue for the quarter, with a low and high estimate of 424.4M and 428M respectively. The average forecast suggests up to a 4.96% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.43B, representing a 9.40% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PATH is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
10 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 7 analyst(s) rate the stock as a Hold, 3 recommend PATH as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
PATH’s current price about -9.99% and -7.03% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.71, while 7-day volatility ratio is 5.33% and 5.27% in the 30-day chart. Further, UiPath Inc (PATH) has a beta value of 0.99, and an average true range (ATR) of 0.69. Analysts have given the company’s stock an average 52-week price target of $14.5, forecast between a low of $13 and high of $16. Looking at the price targets, the low is -2.12% off current price level while to achieve the yearly target high, price needs to move -25.69%. Nonetheless, investors will most likely welcome a -13.9% jump to $14.5 which is the analysts’ median price.
If we refocus on UiPath Inc (NYSE:PATH), historical trading data shows that trading volumes averaged 9.25 million over the past 3 months. The company’s latest data on shares outstanding shows there are 467.21 million shares.
The 24.42% of UiPath Inc’s shares are in the hands of company insiders while institutional holders own 52.70% of the company’s shares. Current price change has pushed the stock 0.16% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PATH stock continues to rise going into the next quarter.
