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UiPath Inc (PATH) Analysis & Forecast for 2024

UiPath Inc (NYSE: PATH) is -51.97% lower on its value in year-to-date trading and has touched a low of $11.07 and a high of $27.87 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PATH stock was last observed hovering at around $12.82 in the last trading session, with the day’s loss setting it -0.89%.

Currently trading at $11.93, the stock is -1.86% and -24.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 23.76 million and changing -6.94% at the moment leaves the stock -39.49% off its SMA200. PATH registered -27.65% loss for a year compared to 6-month loss of -47.24%.

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The stock witnessed a -2.61% gain in the last 1 month and extending the period to 3 months gives it a -44.90%, and is -7.38% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.81% over the week and 3.18% over the month.

UiPath Inc (PATH) has around 4035 employees, a market worth around $6.83B and $1.35B in sales. Fwd P/E is 28.24. Profit margin for the company is -6.41%. Distance from 52-week low is 7.77% and -57.19% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.15%).

The EPS is expected to shrink by -31.52% this year.

UiPath Inc (PATH) Top Institutional Holders

The shares outstanding are 486.82M, and float is at 437.23M with Short Float at 7.84%.

UiPath Inc (PATH) Insider Activity

The most recent transaction is an insider sale by Gupta Ashim,the company’sChief Financial Officer. SEC filings show that Gupta Ashim sold 40,000 shares of the company’s common stock on May 06 ’24 at a price of $19.79 per share for a total of $0.79 million. Following the sale, the insider now owns 0.95 million shares.

UiPath Inc disclosed in a document filed with the SEC on May 06 ’24 that Gupta Ashim (Chief Financial Officer) sold a total of 16,000 shares of the company’s common stock. The trade occurred on May 06 ’24 and was made at $19.79 per share for $0.32 million. Following the transaction, the insider now directly holds 55505.0 shares of the PATH stock.

Still, SEC filings show that on Apr 04 ’24, Gupta Ashim (Chief Financial Officer) disposed off 40,000 shares at an average price of $21.66 for $0.87 million. The insider now directly holds 660,762 shares of UiPath Inc (PATH).

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