Aurora Innovation Inc (NASDAQ:AUR) shares, rose in value, with the stock price down by -0.66% to the previous day’s close as strong demand from buyers drove the stock to $3.00.
Actively observing the price movement in the last trading, the stock closed the session at $3.02. The value of beta (5-year monthly) was 2.91. Referring to stock’s 52-week performance, its high was $4.81, and the low was $1.20. On the whole, AUR has fluctuated by 31.00% over the past month.
With the market capitalization of Aurora Innovation Inc currently standing at about $4.61 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 03, 2024 – May 07, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.14, which is expected to increase to -$0.13 for fiscal year -$0.61 and then to about -$0.49 by fiscal year 2025. Data indicates that the EPS growth is expected to be -1.70% in 2025, while the next year’s EPS growth is forecast to be 19.70%.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that AUR’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of AUR currently trading nearly 22.67% and 8.90% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 65.17, while the 7-day volatility ratio is showing 7.38% which for the 30-day chart, stands at 7.14%. Furthermore, Aurora Innovation Inc (AUR)’s beta value is 2.90, and its average true range (ATR) is 0.19.
A comparison of Aurora Innovation Inc (AUR) with its peers suggests the former has fared considerably weaker in the market. AUR showed an intraday change of -0.66% in last session, and over the past year, it grew by 125.56%%.
Data on historical trading for Aurora Innovation Inc (NASDAQ:AUR) indicates that the trading volumes over the past 10 days have averaged 8.75 million and over the past 3 months, they’ve averaged 6.67 million. According to company’s latest data on outstanding shares, there are 1.16 billion shares outstanding.
Nearly 53.19% of Aurora Innovation Inc’s shares belong to company insiders and institutional investors own 40.54% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 51.58 million shares as on Mar 15, 2024, resulting in a short ratio of 6.4. According to the data, the short interest in Aurora Innovation Inc (AUR) stood at 3.36% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 42.48 million. The stock has fallen by -31.35% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AUR stock heading into the next quarter.
