Aurora Innovation Inc (NASDAQ:AUR) finished Thursday with an addition of $0.01 to close at $2.38, an upside of 0.42 percent. An average of 10,423,061 shares of common stock have been traded in the last five days. There was a fall of -$0.36 in the past week, and it reached a new high 12 times over the past 12 months. The last 20 days have seen an average of 10,714,075 shares traded, while the 50-day average volume stands at 9,570,994.
AUR stock has decreased by -26.99% in the last month. The company shares reached their 1-month lowest point of $2.29 on 09/28/23. With the stock rallying to its 52-week high on 09/06/23, shares of the company touched a low of $1.10 and a high of $3.92 in 52 weeks. It has reached a new high 27 times so far this year and achieved 96.69% or $1.17 in price. In spite of this, the price is down -39.29% 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 11 days ago on Sep 18. In this transaction, the insider spent $707,240. Director, Anderson Sterling, disposed of 3,926 shares at a price of $3.48 on Sep 12. The insider now owns more than $13,679 worth of shares. Prior to that, Director Anderson Sterling went on to Sale 57,977 shares at $3.56 each on Sep 11. An amount of $206,259 was transacted.
Valuation Metrics
Aurora Innovation Inc (AUR) stock’s beta is 2.61. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 670.68, the price-to-book (PB) ratio at 1.94.
Financial Health
The quick ratio of Aurora Innovation Inc for the three months ended June 29 was 9.36, and the current ratio was 9.36, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.08 and a total debt to equity ratio of 0.09 for the quarter ending June 29. Aurora Innovation Inc’s EBITDA margin for the year ending June 29 is -1011.76%, while its operating margin for the same period stands at -15626.06%. Its gross profit as reported stood at $68.0 million compared to revenue of $68.0 million.
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 28 September was 24.57%, suggesting the stock is oversold, with historical volatility in this time frame at 89.74%.
As of today, AUR’s price is $2.46 -13.14% or -$0.36 from its 5-day moving average. AUR is currently trading -26.54% lower than its 20-day SMA and +63.01% higher than its 100-day SMA. However, the stock’s current price level is -17.36% below the SMA50 and +91.94% above the SMA200.
The stochastic %K and %D were 5.60% and 5.44%, respectively, and the average true range (ATR) was 0.25. With the 14-day stochastic at 6.64% and the average true range at 0.26, the RSI (14) stands at 32.02%. The stock has reached -0.31 on the 9-day MACD Oscillator while the 14-day reading was at -0.51.
Analyst Ratings
TD Cowen launched coverage on Aurora Innovation Inc (NASDAQ: AUR) in its analyst report released on September 19, 2023. The firm assigned the stock a Market perform rating.
