The stock of Aurora Innovation Inc. (NASDAQ:AUR) increased by $0.07 on Monday to finish at $3.14, up 2.28 percent. The last five days have seen an average of 9,363,760 shares of common stock traded. 26 times new highs were reached in the current year, with a gain of $1.93. The average number of shares traded over the last 20 days was 7,867,155, while the average volume over the last 50 days totaled 9,570,524.
AUR stock appreciated 6.44% since last month. On 08/24/23, the company’s shares reached a one-month low of $2.78. The stock touched a high of $3.79 on 08/15/23, after rallying from a low of $1.10 in 52 weeks. The price of AUR stock has risen by 159.50% or $1.93 this year, reaching a new high 26 times. Still, the stock price is down -17.15% from the 52-week high.
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Insider Transactions
AUR stock investors should be aware that Aurora Innovation Inc. (AUR) stock had its last reported insider trading activity 7 days ago on Aug 22. On Aug 22, Director Anderson Sterling sold 15,613 shares at $3.22 each. This transaction resulted in the insider making $50,200. On Aug 16, Anderson Sterling sold 180,274 shares at a price of US$3.52. After the transaction, the insider now owns 92,899 shares. Director Anderson Sterling had earlier sold 200,000 shares on Aug 15 for $3.67 a share. The transaction was completed for $734,200.
Valuation Metrics
Beta for the stock is 2.51. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 802.45, the price-to-book (PB) ratio of 2.55.
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 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 28 August, the RSI 9-day stood at 49.08%, suggesting the stock is Neutral, with a 112.94% historical volatility rate.
The stochastic %K and %D were 22.11% and 20.89% respectively, while the average true range (ATR) was 0.25. Based on the 14-day stochastic reading of 35.64%, the RSI (14) reading is 50.71%. On the 9-day MACD Oscillator, the stock is at -0.17, and the 14-day reading is at -0.24.
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.
