While most growth stocks have risen by about 50% since their lows back in early May, we have one company that is still lagging behind.
Trading at about 30% off its ATH and currently sitting in severely oversold territory, I believe that this stock should be in your watchlist.
ARK Invest believes it too as they have been adding to it almost everyday:
A recent IPO stock founded back in 2005, let’s take a look at UiPath (NYSE:PATH) and why I think that its price point at its present levels may be ripe for an entry.
Though technicals indicate the possible formation of a renewed rally, let us also take a chance to explore what UiPath actually does and how strong their fundamentals are compared to other fast-growing tech companies.
What is UiPath and what do they do?
At the very onset, we must be aware of what Robotic Process Automation (RPA) is....