Investors: What’s The Real Deal With Aurora Innovation Inc (NASDAQ: AUR)

The trading price of Aurora Innovation Inc (NASDAQ:AUR) floating lower at last check on Tuesday, April 02, closing at $2.85, -2.23% lower than its previous close.

In examining the 52-week price action we see that the stock hit a 52-week high of $4.81 and a 52-week low of $1.20. Over the past month, the stock has gained 11.13% in value.

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Aurora Innovation Inc, whose market valuation is $4.37 billion at the time of this writing, is expected to release its quarterly earnings report May 03, 2024 – May 07, 2024. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.14 per share this quarter, however they have predicted annual earnings per share of -$0.61 for 2024 and -$0.49 for 2025. It means analysts are expecting annual earnings per share growth of -1.70% this year and 19.70% next year.

From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2024 is $1.06 million.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Aurora Innovation Inc No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest AUR has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently 100% Buy.

A quick review shows that AUR’s price is currently 19.14% off the SMA20 and 2.90% off the SMA50. The RSI metric on the 14-day chart is currently showing 60.93, and weekly volatility stands at 7.05%. When measured over the past 30 days, the indicator reaches 6.89%. Aurora Innovation Inc (NASDAQ:AUR)’s beta value is currently sitting at 2.91, while the Average True Range indicator is currently displaying 0.18.

To see how Aurora Innovation Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: AUR stock’s performance was -2.23% at last check in today’s session, and 112.31% in the past year.

An evaluation of the daily trading volume of Aurora Innovation Inc (NASDAQ:AUR) indicates that the 3-month average is 6.63 million. However, this figure has increased over the past 10 days to an average of 8.31 million.

Currently, records show that 1.16 billion of the company’s shares remain outstanding. The insiders hold 53.19% of outstanding shares, whereas institutions hold 40.54%. The stats also highlight that short interest as of Mar 15, 2024, stood at 51.58 million shares, resulting in a short ratio of 6.4 at that time. From this, we can conclude that short interest is 3.36% of the company’s total outstanding shares. It is noteworthy that short shares in March were up slightly from the previous month’s figure, which was 42.48 million. However, since the stock’s price has seen -34.90% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.