Aurora Innovation Inc. (NASDAQ:AUR) finished Wednesday with a subtraction of -$0.18 to close at $3.09, a downside of -5.50 percent. An average of 6,859,140 shares of common stock have been traded in the last five days. There was a fall of -$0.38 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 7,778,100 shares traded, while the 50-day average volume stands at 9,290,514.
AUR stock has increased by 3.34% in the last month. The company shares reached their 1-month lowest point of $2.68 on 07/24/23. With the stock rallying to its 52-week high on 08/15/23, shares of the company touched a low of $1.10 and a high of $3.79 in 52 weeks. It has reached a new high 26 times so far this year and achieved 155.37% or $1.88 in price. In spite of this, the price is down -18.47% 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 2 days ago on Aug 22. In this transaction, the insider spent $50,200. Director, Anderson Sterling, disposed of 180,274 shares at a price of $3.52 on Aug 16. The insider now owns more than $635,213 worth of shares. Prior to that, Director Anderson Sterling went on to Sale 200,000 shares at $3.67 each on Aug 15. An amount of $734,200 was transacted.
Valuation Metrics
Aurora Innovation Inc. (AUR) stock’s beta is 2.46. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 834.14, the price-to-book (PB) ratio at 2.51.
Financial Health
The quick ratio of Aurora Innovation Inc. for the three months ended June 29 was 9.40, and the current ratio was 9.40, 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 June 29. Aurora Innovation Inc.’s EBITDA margin for the year ending June 29 is -1011.76%. Its gross profit as reported stood at $68.0 million compared to revenue of $68.0 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 -46.50%.
Earnings Surprise
The company posted a net income of -$218.0 million in the quarter, while revenues were shrunk -429.44%. The analyst consensus anticipated Aurora Innovation Inc.’s latest quarter earnings to come in at -$0.17 per share, but it turned out to be -$0.18, a -5.90% surprise. For the quarter, EBITDA amounted to -$212.0 million. Shareholders own equity worth $1.49 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 23 August was 43.57%, suggesting the stock is Neutral, with historical volatility in this time frame at 93.13%.
As of today, AUR’s price is $3.21 -10.95% or -$0.38 from its 5-day moving average. AUR is currently trading +4.04% higher than its 20-day SMA and +130.60% higher than its 100-day SMA. However, the stock’s current price level is +37.95% above the SMA50 and +54.50% above the SMA200.
The stochastic %K and %D were 35.53% and 38.83%, respectively, and the average true range (ATR) was 0.26. With the 14-day stochastic at 23.08% and the average true range at 0.26, the RSI (14) stands at 48.61%. The stock has reached -0.15 on the 9-day MACD Oscillator while the 14-day reading was at -0.07.
Analyst Ratings
Canaccord Genuity launched coverage on Aurora Innovation Inc. (NASDAQ: AUR) in its analyst report released on June 07, 2023. The firm assigned the stock a Buy rating.
What is AUR’s price target for the next 12 months?
Analysts predict a range of price targets between $3.00 and $7.00, with a median target of $7.00. Taking a look at these predictions, the average price target given by analysts for Aurora Innovation Inc. (AUR) stock is $5.67.
