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mid-cap

One NYSE- Listed Software Stock to Consider- UiPath Inc.

May 31, 2023 | Team Kalkine
One NYSE- Listed Software Stock to Consider- UiPath Inc.

Section 1: Company Fundamentals

1.1 Company Overview:

UiPath, Inc. (NYSE: PATH) is focused on building and managing automations and developing computer vision technology. It provides its customers with a set of capabilities that allows them to discover opportunities for automation, automate using a digital workforce that collaborates with humans, and operate an automation program at scale. Its platform builds automations for both existing and new processes and to utilize software robots to perform an array of actions, including logging into applications, extracting information from documents, moving folders, filling in forms, and updating information fields and databases.

Kalkine’s Daily Report covers the Company Overview, Key positives & negatives, Business updates and insights into company recent financial results, Key Risks & Outlook, Price performance and technical summary, Target Price, and Recommendation on the stock.

Stock Performance:

  • The stock has given a return of 40.78% in the last six months but has corrected by around 6.59% in the last year.
  • The stock is leaning in between its 52-week range of USD 22.30 and 52-week low price of USD 10.40.
  • The price is currently trading above both its short-term (50-day) SMA and long-term (200-day) SMA, with the current RSI of 58.77, with the expectation of a continuation of the upward momentum.

1.2 Summary Table

1.3 The Key Positives, and Negatives:

Section 2: UiPath Inc. (“Buy” at the current market price of USD 16.47, as of May 31, 2023, at 06:35 am PDT)

2.1 Company Details

2.2 Technical Guidance and Stock Recommendation

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is May 31, 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: The report publishing date is as per the Pacific Time Zone.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

 Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

 Stop-loss: It is a level to protect against further losses in case of unfavorable movement in the stock prices.