Buying Aurora Innovation Inc. (AUR) Stock Is A Smart Move Today?


Aurora Innovation Inc. (NASDAQ:AUR) finished Wednesday with a subtraction of $0.0 to close at $2.78, a downside of 0.00 percent. An average of 3,819,040 shares of common stock have been traded in the last five days. There was a fall of -$0.08 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 4,149,890 shares traded, while the 50-day average volume stands at 3,193,516.

AUR stock has increased by 11.20% in the last month. The company shares reached their 1-month lowest point of $2.01 on 09/01/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $1.84 and a high of $17.77 in 52 weeks. It has reached a new high 2 times so far this year and lost -75.31% or -$8.48 in price. In spite of this, the price is down -84.36% from the 52-week high.

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Valuation Metrics

Aurora Innovation Inc. (AUR) has a trailing price-to-sales (P/S) ratio at 23.99, the price-to-book (PB) ratio at 1.43.

Financial Health

The quick ratio of Aurora Innovation Inc. for the three months ended March 30 was 21.00, and the current ratio was 21.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending March 30. Its gross profit as reported stood at $82.54 million compared to revenue of $82.54 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Aurora Innovation Inc.’s return on assets was -52.60%.

Earnings Surprise

The analyst consensus anticipated Aurora Innovation Inc.’s latest quarter earnings to come in at -$0.18 per share, but it turned out to be $0.07, a 138.90% surprise. For the quarter, EBITDA amounted to -$190.95 million. Shareholders own equity worth $1.15 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Aurora Innovation Inc. (AUR) price momentum. RSI 9-day as of the close on 21 September was 57.11%, suggesting the stock is Neutral, with historical volatility in this time frame at 105.86%.

As of today, AUR’s price is $2.79 -2.63% or -$0.08 from its 5-day moving average. AUR is currently trading +17.80% higher than its 20-day SMA and -37.81% lower than its 100-day SMA. However, the stock’s current price level is +38.31% above the SMA50 and -72.93% below the SMA200.

The stochastic %K and %D were 74.84% and 73.17%, respectively, and the average true range (ATR) was 0.25. With the 14-day stochastic at 72.64% and the average true range at 0.25, the RSI (14) stands at 55.66%. The stock has reached 0.05 on the 9-day MACD Oscillator while the 14-day reading was at 0.17.

Analyst Ratings

Goldman launched coverage on Aurora Innovation Inc. (NASDAQ: AUR) in its analyst report released on December 16, 2021. The firm assigned the stock a Neutral rating. The consensus rating for Aurora Innovation Inc. (AUR) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell AUR, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

What is AUR’s price target for the next 12 months?

Analysts predict a range of price targets between $3.59 and $6.00, with a median target of $4.00. Taking a look at these predictions, the average price target given by analysts for Aurora Innovation Inc. (AUR) stock is $4.53.


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