With 9.73 million shares changed hands, the volume of the stock remained lighter than its average volume of 9.73 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $23.27 whereas the lowest price it dropped to was $22.29. The 52-week range on PATH shows that it touched its highest point at $27.87 and its lowest point at $12.38 during that stretch. It currently has a 1-year price target of $28.06. Beta for the stock currently stands at 0.97.
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 down-trending over the past week, with a drop of -4.32%, but this was down by -10.17% over a month. Three-month performance dropped to -10.17% while six-month performance rose 31.32%. The stock gained 33.91% in the past year, while it has lost -7.17% so far this year. A look at the trailing 12-month EPS for PATH yields -0.16 with Next year EPS estimates of 0.68. For the next quarter, that number is 0.12. This implies an EPS growth rate of 6.49% for this year and 17.90% 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 20.57%.
Float and Shares Shorts:
At present, 474.16 million PATH shares are outstanding with a float of 430.72 million shares on hand for trading. On Feb 29, 2024, short shares totaled 17.05 million, which was 3.01% higher than short shares on Jan 31, 2024. In addition to PATH as the firm’s UiPath, Inc., CMPS serves as its COMPASS Pathways Plc – American.
Institutional Ownership:
Through their ownership of 70.60% 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.
