PATH - Prediction: This Will Be UiPath's Next Big Move
2024-05-14 14:22:30 ET
UiPath (NYSE: PATH) has seen its share of big stock price moves over the past three years. The price is up about 41% over the past year; however, it is down just under 20% year to date.
A lot of UiPath's stock price volatility happens when the company reports earnings. The stock price has moved 10% or more during the trading session following a quarterly report's release eight of the past nine times the company has reported. During that time, its biggest upward move was a 26% gain after it reported its fiscal third-quarter results in November, while its largest downward move was a 31% decline in March of 2022.
Given that trend, the key to UiPath's next big move should lie in its earnings momentum.
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Prediction: This Will Be UiPath's Next Big Move