High-growth technology stocks have been beaten down lately due in part to hawkish monetary policy by the Fed to curb inflation and added strain from the war between Russia and Ukraine. That's certainly the case for UiPath (NYSE: PATH), which has shed 53% of its value since the start of the year. UiPath is a robotic process automation (RPA) provider that helps businesses automate routine office activities. For example, Uber (NYSE: UBER) uses UiPath RPA to simplify and coordinate global operations and ensure regulatory compliance.

The ridesharing company has benefited greatly from the automations, saving north of $22 million over the course of three years. According to Grand View Research, the global RPA market is forecast to expand at a compound annual growth rate (CAGR) of 38.2% through 2030, and given UiPath's 27.1% share of the industry, the stock could be due for a major rebound in the years to follow. Let's explore the company's current financial condition to determine whether the RPA stock is worth your while today. 

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Source Fool.com