Wall Street analysts’ outlook for UiPath Inc. (PATH)

UiPath Inc. (NYSE: PATH) stock fell -1.74% on Wednesday to $16.34 against a previous-day closing price of $16.63. With 13.85 million shares changed hands, the volume of the stock remained heavier than its average volume of 6.58 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $16.62 whereas the lowest price it dropped to was $16.10. The 52-week range on PATH shows that it touched its highest point at $22.30 and its lowest point at $10.40 during that stretch. It currently has a 1-year price target of $19.09.

Top 5 EV Tech Stocks to Buy for 2023

According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.

Click Here to Download the FREE Report.

Sponsored

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PATH was up-trending over the past week, with a rise of 8.07%, but this was up by 13.31% over a month. Three-month performance surged to 8.28% while six-month performance rose 38.47%. The stock lost -5.28% in the past year, while it has gained 28.56% so far this year. A look at the trailing 12-month EPS for PATH yields -0.60 with Next year EPS estimates of 0.33. For the next quarter, that number is 0.02. This implies an EPS growth rate of 48.20% for this year and 33.47% for next year.

Float and Shares Shorts:

At present, 553.83 million PATH shares are outstanding with a float of 419.06 million shares on hand for trading. On Apr 27, 2023, short shares totaled 33.13 million, which was 5.91% higher than short shares on Mar 30, 2023. In addition to Mr. Daniel Solomon Dines as the firm’s Co-Founder, Co-CEO & Chairman, Mr. Robert Enslin serves as its Co-Chief Exec. Officer.

Institutional Ownership:

Through their ownership of 67.06% of PATH’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 30.65% of PATH, in contrast to 29.29% held by mutual funds. Shares owned by individuals account for 22.05%. As the largest shareholder in PATH with 9.45% of the stake, ARK Investment Management LLC holds 44,891,966 shares worth 44,891,966. A second-largest stockholder of PATH, The Vanguard Group, Inc., holds 29,402,085 shares, controlling over 6.19% of the firm’s shares. Nikko Asset Management Co., Ltd. is the third largest shareholder in PATH, holding 26,490,825 shares or 5.58% stake. With a 5.41% stake in PATH, the ARK Innovation ETF is the largest stakeholder. A total of 25,683,851 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.00% of PATH stock, is the second-largest Mutual Fund holder. It holds 9,487,925 shares valued at 133.59 million. Nikko AM Global Umbrella Fund – A holds 1.47% of the stake in PATH, owning 6,996,112 shares worth 98.51 million.


An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jan 30, 2023, PATH reported revenue of $245.07M and operating income of -$115.95M. The EBITDA in the recently reported quarter was -$109.15M and diluted EPS was -$0.23.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PATH since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With PATH analysts setting a high price target of $27.50 and a low target of $16.00, the average target price over the next 12 months is $19.50. Based on these targets, PATH could surge 68.3% to reach the target high and fall by -2.08% to reach the target low. Reaching the average price target will result in a growth of 19.34% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded PATH stock several times over the past three months with 5 Buys and 28 Sells. In these transactions, 1,707,738 shares were bought while 516,335 shares were sold. The number of buy transactions has increased to 23 while that of sell transactions has risen to 91 over the past year. The total number of shares bought during that period was 5,100,077 while 1,636,704 shares were sold.

Leave a Comment

Your email address will not be published. Required fields are marked *