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StockNews.com
StockNews.com
Business
Pragya Pandey

Should You Buy Automation Company UiPath Following the Stock's More than 70% Drop

New York City-based UiPath Inc. (PATH) offers an end-to-end automation platform with a range of robotic process automation (RPA) solutions in the United States, Romania, and Japan. The company provides a suite of interconnected technologies to help organizations design, manage, run, engage, measure, and regulate automation.

The stock is down 75% in price over the past year and 56.2% year-to-date to close yesterday's trading session at $18.89. In addition, it is currently trading 79% below its 52-week high of $90, which it hit on May 28, 2021.

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