The trading price of Aurora Innovation Inc (NASDAQ:AUR) closed lower on Monday, May 05, and closing at $7.78, -4.42% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $10.77 and a 52-week low of $2.10. Over the past month, the stock has gained 23.98% in value.
Aurora Innovation Inc, whose market valuation is $13.75 billion at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of -0.49 for current year and -0.47 for next year.
From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 4.52M.
On the technical side, indicators suggest AUR has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, 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 18.37% off the SMA20 and 14.63% off the SMA50. The RSI metric on the 14-day chart is currently showing 59.91, and weekly volatility stands at 9.80%. When measured over the past 30 days, the indicator reaches 10.79%. Aurora Innovation Inc (NASDAQ:AUR)’s beta value is currently sitting at 2.77, while the Average True Range indicator is currently displaying 0.67. With analysts defining $12-$12 as the low and high price targets, we arrive at a consensus price target of $12 for the trailing 12-month period. The current price is about -54.24% off the estimated low and -54.24% off the forecast high, based on this estimate. Investors will be thrilled if AUR’s share price rises to $12, which is the median consensus price. At that level, AUR’s share price would be -54.24% below current price.
To see how Aurora Innovation Inc stock has been performing in comparison to its peers in the industry, here are the numbers: AUR stock’s performance was -4.42% in the latest trading, and 171.55% in the past year.
An evaluation of the daily trading volume of Aurora Innovation Inc (NASDAQ:AUR) indicates that the 3-month average is 14.67 million.
Currently, records show that 1.38 billion of the company’s shares remain outstanding. The insiders hold 44.55% of outstanding shares, whereasinstitutions hold 53.14%. However, since the stock’s price has seen 23.49% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
