AI
Thursday, November 11, 2021 4:42:42 PM
UiPath, Inc., (PATH), is the largest RPA, (Robotic Process Automation), company in the world. PATH engages in the development and provision of software platforms to automate business processes. It serves public, healthcare, telecommunication, finance, and banking industries. It offers accounts payable automation, claims processing automation, contact center automation, finance, and accounting automation.
PATH went public in April this year at $65, peaked at $90 in May, bottomed at $47 in October and has been moving up since then. It now trades above both its 20 and 50 day moving average and after a miserable six months is moving up just slightly more quickly than the average for the software industry.
The most positive thing I see is that accumulation has been moving up since late September. I started this board because I like the company. The valuation seems too high but if the technicals keep improving I'll invest.
PATH went public in April this year at $65, peaked at $90 in May, bottomed at $47 in October and has been moving up since then. It now trades above both its 20 and 50 day moving average and after a miserable six months is moving up just slightly more quickly than the average for the software industry.
The most positive thing I see is that accumulation has been moving up since late September. I started this board because I like the company. The valuation seems too high but if the technicals keep improving I'll invest.
