The stock of Aurora Innovation Inc. (NASDAQ:AUR) increased by $0.06 on Friday to finish at $3.51, up 1.59 percent. The last five days have seen an average of 6,224,088 shares of common stock traded. 24 times new highs were reached in the current year, with a gain of $2.27. The average number of shares traded over the last 20 days was 10,946,353, while the average volume over the last 50 days totaled 9,008,253.
AUR stock appreciated 10.57% since last month. On 07/19/23, the company’s shares reached a one-month low of $2.64. The stock touched a high of $3.54 on 07/12/23, after rallying from a low of $1.10 in 52 weeks. The price of AUR stock has risen by 189.67% or $2.27 this year, reaching a new high 24 times. Still, the stock price is down -0.99% from the 52-week high.
Insider Transactions
AUR stock investors should be aware that Aurora Innovation Inc. (AUR) stock had its last reported insider trading activity 3 days ago on Aug 11. On Aug 11, Director Anderson Sterling sold 26,600 shares at $3.48 each. This transaction resulted in the insider making $92,621. On Jul 27, Anderson Sterling sold 195,267 shares at a price of US$2.80. After the transaction, the insider now owns 92,899 shares. Director Anderson Sterling had earlier sold 200,000 shares on Jul 26 for $2.96 a share. The transaction was completed for $592,340.
Valuation Metrics
Beta for the stock is 2.48. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 899.55, the price-to-book (PB) ratio of 2.85.
Financial Health
For the three months ended June 29, Aurora Innovation Inc.’s quick ratio was 9.40, while its current ratio was 9.40, indicating its ability to pay off its debt. Based on annual data, it had gross profit of $68.0 million and revenue of $68.0 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AUR’s return on assets (ROA) during the last 12 months has been -46.50%. There was a -103.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -52.60%.
Earnings Surprise
According to Aurora Innovation Inc.’s quarterly financial report for the quarter that ended June 29, it had $620.0 million in cash and short-term investments. It was predicted that Aurora Innovation Inc.’s quarterly earnings would be -$0.18, but it ended up being -$0.17, beating the consensus by -5.90%. EBITDA was -$212.0 million for the quarter. At the end of Aurora Innovation Inc.’s most recent quarter ended June 29, its liabilities totaled 229.0 million, while its total debt was $134.0 million. Equity owned by shareholders amounts to $1.49 billion.
Technical Picture
Here’s a quick look at Aurora Innovation Inc.’s (AUR) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 67.04%, suggesting the stock is Neutral, with a 105.55% historical volatility rate.
The stochastic %K and %D were 83.83% and 72.53% respectively, while the average true range (ATR) was 0.26. Based on the 14-day stochastic reading of 95.09%, the RSI (14) reading is 63.67%. On the 9-day MACD Oscillator, the stock is at 0.17, and the 14-day reading is at 0.22.
Analyst Ratings
In its analyst report released on June 07, 2023, Canaccord Genuity began covering Aurora Innovation Inc. (NASDAQ: AUR). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Aurora Innovation Inc. (AUR) an Overweight rating. AUR is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is AUR’s price target for the next 12 months?
The current consensus forecast for the stock is between $3.00 and $7.00, with a median target price of $7.00. In analyzing these forecasts, the average price target given by analysts for Aurora Innovation Inc. (AUR) is $5.67.
