Stocks of UiPath Inc (PATH) are poised to climb above their peers

With 21.21 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.13 shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $26.94 whereas the lowest price it dropped to was $25.04. The 52-week range on PATH shows that it touched its highest point at $26.52 and its lowest point at $12.38 during that stretch. It currently has a 1-year price target of $24.25. Beta for the stock currently stands at 1.01.

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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 12.41%, but this was up by 15.88% over a month. Three-month performance surged to 53.64% while six-month performance rose 70.88%. The stock gained 61.56% in the past year, while it has gained 6.08% so far this year. A look at the trailing 12-month EPS for PATH yields -0.27 with Next year EPS estimates of 0.53. For the next quarter, that number is 0.16. This implies an EPS growth rate of 239.06% for this year and 11.83% for next year. EPS is expected to grow by 46.20% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -4.42%.

Float and Shares Shorts:

At present, 474.16 million PATH shares are outstanding with a float of 426.33 million shares on hand for trading. On Jan 31, 2024, short shares totaled 24.74 million, which was 4.37% higher than short shares on Dec 29, 2023. In addition to PATH as the firm’s UiPath, Inc., CMPS serves as its COMPASS Pathways Plc – American.

Institutional Ownership:

Through their ownership of 67.30% of PATH’s outstanding shares, institutional investors have majority control over the company.

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 $30.00 and a low target of $17.00, the average target price over the next 12 months is $24.25. Based on these targets, PATH could surge 13.85% to reach the target high and fall by -35.48% to reach the target low. Reaching the average price target will result in a decline of -7.97% from current levels.

Summary of Insider Activity:

Insiders traded PATH stock several times over the past three months with 0 Buys and 2 Sells. In these transactions, 0 shares were bought while 140,055 shares were sold. The number of buy transactions has increased to 16 while that of sell transactions has risen to 124 over the past year. The total number of shares bought during that period was 2,553,969 while 30,931,994 shares were sold.