UiPath Inc. [NYSE: PATH] price plunged by -2.77 percent to reach at -$0.44. The company report on April 19, 2023 at 8:00 AM that UiPath Helps JATCO Reap the Benefits of Enterprise-Wide Automation.
The Japanese automotive transmission manufacturer scaled automation use enterprise-wide after seeing 200,000 hours of productivity gains in its R&D department over four years.
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UiPath (NYSE: PATH), a leading enterprise automation software company, today announced that JATCO Ltd, Japan’s leading automotive transmission manufacturer, is expanding the use of the AI-powered UiPath Business Automation Platform enterprise-wide.
A sum of 3296589 shares traded at recent session while its average daily volume was at 6.05M shares. UiPath Inc. shares reached a high of $15.79 and dropped to a low of $15.36 until finishing in the latest session at $15.46.
The one-year PATH stock forecast points to a potential upside of 18.89. The average equity rating for PATH stock is currently 2.50, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on UiPath Inc. [PATH]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PATH shares is $19.06 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PATH stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Canaccord Genuity have made an estimate for UiPath Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 16, 2023. The new note on the price target was released on November 03, 2022, representing the official price target for UiPath Inc. stock. Previously, the target price had yet another drop from $17 to $15, while Barclays kept a Equal Weight rating on PATH stock. On September 07, 2022, analysts decreased their price target for PATH shares from 32 to 15.
The Average True Range (ATR) for UiPath Inc. is set at 0.75, with the Price to Sales ratio for PATH stock in the period of the last 12 months amounting to 8.34. The Price to Book ratio for the last quarter was 4.46, with the Price to Cash per share for the same quarter was set at 3.08.
PATH Stock Performance Analysis:
UiPath Inc. [PATH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.81. With this latest performance, PATH shares dropped by -11.15% in over the last four-week period, additionally plugging by 26.10% over the last 6 months – not to mention a drop of -23.24% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PATH stock in for the last two-week period is set at 42.75, with the RSI for the last a single of trading hit 35.01, and the three-weeks RSI is set at 46.63 for UiPath Inc. [PATH]. The present Moving Average for the last 50 days of trading for this stock 15.84, while it was recorded at 15.94 for the last single week of trading, and 15.06 for the last 200 days.
Insight into UiPath Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and UiPath Inc. [PATH] shares currently have an operating margin of -30.69 and a Gross Margin at +82.86. UiPath Inc.’s Net Margin is presently recorded at -31.02.
Return on Total Capital for PATH is now -16.42, given the latest momentum, and Return on Invested Capital for the company is -16.63. Return on Equity for this stock declined to -17.09, with Return on Assets sitting at -12.37. When it comes to the capital structure of this company, UiPath Inc. [PATH] has a Total Debt to Total Equity ratio set at 2.94. Additionally, PATH Total Debt to Total Capital is recorded at 2.86, with Total Debt to Total Assets ending up at 2.32. Long-Term Debt to Equity for the company is recorded at 2.94, with the Long-Term Debt to Total Capital now at 2.86.
Receivables Turnover for the company is 2.71 with a Total Asset Turnover recorded at a value of 0.40.UiPath Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.70 and a Current Ratio set at 3.70.
PATH Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PATH. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for UiPath Inc. go to 31.70%.
UiPath Inc. [PATH] Insider Position Details
There are presently around $5,009 million, or 63.80% of PATH stock, in the hands of institutional investors. The top three institutional holders of PATH stocks are: ARK INVESTMENT MANAGEMENT LLC with ownership of 44,891,966, which is approximately 1.9% of the company’s market cap and around 2.40% of the total institutional ownership; VANGUARD GROUP INC, holding 28,925,944 shares of the stock with an approximate value of $459.92 million in PATH stocks shares; and SUMITOMO MITSUI TRUST HOLDINGS, INC., currently with $433.97 million in PATH stock with ownership of nearly -6.506% of the company’s market capitalization.
Positions in UiPath Inc. stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 184 institutional holders increased their position in UiPath Inc. [NYSE:PATH] by around 32,600,289 shares. Additionally, 141 investors decreased positions by around 27,716,016 shares, while 59 investors held positions by with 254,724,210 shares. The mentioned changes placed institutional holdings at 315,040,515 shares, according to the latest SEC report filing. PATH stock had 81 new institutional investments in for a total of 10,439,408 shares, while 53 institutional investors sold positions of 9,307,991 shares during the same period.