As of Wednesday close, Aurora Innovation Inc.’s (NASDAQ:AUR) stock was down -$0.14, moving down -4.65 percent to $2.87. The average number of shares traded per day over the past five days has been 16,559,779 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.40 fall in that time frame. In the last twenty days, the average volume was 10,133,930, while in the previous 50 days, it was 9,811,584.
Since last month, AUR stock retreated -11.69%. Shares of the company fell to $2.78 on 08/24/23, the lowest level in the past month. A 52-week high of $3.92 was reached on 09/06/23 after having rallying from a 52-week low of $1.10. Since the beginning of this year, AUR’s stock price has risen by 137.19% or $1.66, and marked a new high 27 times. However, the stock has declined by -26.79% since its 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
AUR stock investors should be aware that Aurora Innovation Inc. (AUR) stock had its last reported insider trading activity 3 days ago on Sep 18. Anderson Sterling, the Director of the company, disposed of 200,000 shares for $3.54 on Sep 18. It resulted in a $707,240 divestment by the insider. Anderson Sterling sold 3,926 shares at an average price of $3.48 on Sep 12. The insider now owns 61,933 shares following the transaction. On Sep 11, Director Anderson Sterling sold 57,977 shares at $3.56 apiece. The transaction was valued at $206,259.
Valuation Metrics
The stock’s beta is 2.53. Besides these, the trailing price-to-sales (P/S) ratio of 766.11, the price-to-book (PB) ratio of 2.33.
Financial Health
In the three months ended June 29, Aurora Innovation Inc.’s quick ratio stood at 9.40, while its current ratio was 9.40, showing that the company is able to pay off its debt. Based on annual data, AUR earned $68.0 million in gross profit and brought in $68.0 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -103.80%. Return on equity (ROE) for the past 12 months was -52.60%.
While analysts expected Aurora Innovation Inc. to report -$0.17 quarterly earnings, the actual figure was -$0.18 per share, beating the consensus estimate by -5.90%. During the quarter, the company generated -$212.0 million in EBITDA. The liabilities of Aurora Innovation Inc. were 229.0 million at the end of its most recent quarter ended June 29, and its total debt was $134.0 million. The value of shareholders’ equity is $1.49 billion.
Technical Picture
This quick technical analysis looks at Aurora Innovation Inc.’s (AUR) price momentum. With a historical volatility rate of 122.18%, the RSI 9-day stood at 35.28% on 20 September.
With respect to its five-day moving average, the current Aurora Innovation Inc. price is down by -12.23% percent or -$0.40. At present, AUR shares trade -12.23% below its 20-day simple moving average and +105.00% percent above its 100-day simple moving average. However, the stock is currently trading approximately -6.51% below its SMA50 and +112.59% above its SMA200.
Stochastic coefficient K was 23.32% and Stochastic coefficient D was 34.36%, while ATR was 0.30. Given the Stochastic reading of 0.94% for the 14-day period, the RSI (14) reading has been calculated as 40.80%. As of today, the MACD Oscillator reading stands at -0.11, while the 14-day reading stands at -0.17.
Analyst Ratings
TD Cowen launched its rating on Aurora Innovation Inc. (NASDAQ: AUR) to a Market perform in a note to investors on September 19, 2023. Aurora Innovation Inc. (AUR) has been rated Overweight by analysts. According to 0 brokerage firms, AUR is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Aurora Innovation Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $4.00, the current consensus forecast for the stock is $3.00 – $7.00. Based on these forecasts, analysts predict Aurora Innovation Inc. (AUR) will achieve an average price target of $4.80.
