UiPath Inc [PATH] Is Currently 0.82 below its 200 Period Moving Avg: What Does This Mean?

UiPath Inc [NYSE: PATH] gained 0.82% or 0.15 points to close at $18.50 with a heavy trading volume of 8016597 shares. The company report on November 9, 2023 at 8:00 AM that UiPath Named a Leader in IDC MarketScape: Worldwide Intelligent Document Processing 2023-2024 Vendor Assessment.

UiPath (NYSE: PATH), a leading enterprise automation software company, today announced that it has been named a Leader in the IDC MarketScape: Worldwide Intelligent Document Processing (IDP) 2023-2024 Vendor Assessment*. The inaugural report examines AI technologies such as optical character recognition (OCR), computer vision, natural language processing (NLP), and machine/deep learning to classify and extract information from structured, semi-structured, and unstructured documents.

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According to the report, “UiPath’s success and broad market leadership as an AI-powered automation platform puts it in a great position for capturing growth as new and existing customers look to integrate a document component into their broader automation workflows.”.

It opened the trading session at $18.28, the shares rose to $18.89 and dropped to $18.12, the range by which the price of stock traded the whole day. The daily chart for PATH points out that the company has recorded 18.44% gains over the past six months. However, it is still -68.49% lower than its most recent low trading price.

If we look at the average trading volume of 6.84M shares, PATH reached to a volume of 8016597 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about 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 $20.24 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 2.14. 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.

Wells Fargo have made an estimate for UiPath Inc shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on June 09, 2023.

The Average True Range (ATR) for UiPath Inc is set at 0.72, with the Price to Sales ratio for PATH stock in the period of the last 12 months amounting to 9.13. The Price to Book ratio for the last quarter was 5.28, with the Price to Cash per share for the same quarter was set at 3.23. Price to Free Cash Flow for PATH in the course of the last twelve months was 62.46 with Quick ratio for the last quarter at 4.33.

Trading performance analysis for PATH stock

UiPath Inc [PATH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.26. With this latest performance, PATH shares gained by 21.07% in over the last four-week period, additionally plugging by 18.44% over the last 6 months – not to mention a rise of 48.12% 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 61.14, with the RSI for the last a single of trading hit 63.70, and the three-weeks RSI is set at 58.86 for UiPath Inc [PATH]. The present Moving Average for the last 50 days of trading for this stock 16.73, while it was recorded at 18.38 for the last single week of trading, and 16.30 for the last 200 days.

UiPath Inc [PATH]: A deeper dive into fundamental analysis

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 3.30. Additionally, PATH Total Debt to Total Capital is recorded at 3.20, 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 2.85.

Reflecting on the efficiency of the workforce at the company, UiPath Inc [PATH] managed to generate an average of -$85,664 per employee. Receivables Turnover for the company is 2.70 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 4.33 and a Current Ratio set at 4.33.

UiPath Inc [PATH]: An earnings per share (EPS) analysis

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 40.60%.

An analysis of Institutional ownership at UiPath Inc [PATH]

The top three institutional holders of PATH stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in PATH stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in PATH stock with ownership which is approximately 5.7994%.