UiPath Inc (NYSE:PATH) price on Wednesday, March 27, rose 0.31% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $22.78.
A look at the stock’s price movement, the close in the last trading session was $22.71. The beta value (5-Year monthly) was 0.97. Turning to its 52-week performance, $27.87 and $12.38 were the 52-week high and 52-week low respectively. Overall, PATH moved -3.80% over the past month.
UiPath Inc’s market cap currently stands at around $12.90 billion, with investors looking forward to this quarter’s earnings report slated for Mar 13, 2024. Analysts project the company’s earnings per share (EPS) to be $0.11, which has seen fiscal year 2025 EPS growth forecast to increase to $0.57 and about $0.67 for fiscal year 2026. Per the data, EPS growth is expected to be 5.60% for 2024 and 17.50% for the next financial year.
Analysts have a consensus estimate of $333.07 million for the company’s revenue for the quarter, with a low and high estimate of $332 million and $335 million respectively. Wall Street analysts have also projected the company’s year-on-year revenue for 2025 to grow to $1.56 billion, representing a 19.10% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that PATH is a Hold. 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 100% Buy category.
PATH’s current price about -2.58% and -3.27% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.30, while 7-day volatility ratio is 2.93% and 4.00% in the 30-day chart. Further, UiPath Inc (PATH) has a beta value of 0.96, and an average true range (ATR) of 0.96.
If we refocus on UiPath Inc (NYSE:PATH), historical trading data shows that trading volumes averaged 10.43 million over the past 10 days and 9.49 million over the past 3 months. The company’s latest data on shares outstanding shows there are 474.16 million shares.
The 23.91% of UiPath Inc’s shares are in the hands of company insiders while institutional holders own 58.27% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 17.05 million on Feb 29, 2024, giving us a short ratio of 1.72. The data shows that as of Feb 29, 2024 short interest in UiPath Inc (PATH) stood at 3.01% of shares outstanding, with shares short falling to 24.74 million registered in Jan 31, 2024. Current price change has pushed the stock -8.29% 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.
