Aurora Innovation Inc (NASDAQ:AUR) does about 8.88M shares in volume on a normal day but saw 6177374 shares change hands in the recent trading day. The company now has a market cap of 11.54B USD. Its current market price is $6.85, marking an increase of 6.86% compared to the previous close of $6.41. The 52 week high reached by this stock is $6.79 whilst the lowest price level in 52 weeks is $1.60.
Aurora Innovation Inc (AUR) has a 20-day trading average at $5.89 and the current price is 0.88% off the 52-week high compared with 328.12% distance from its 52-week low. The 50-day simple moving average of the closing price is $5.16 and its 200-day simple moving average is $3.53. If we look at the stock’s price movements over the week, volatility stands at 5.42%, which increases to 6.90% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 70.25 to suggest the stock is overbought.
The consensus objective for the share price is $4.12, suggesting that the stock has a potential downside of -66.26% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 03, 2024 when Goldman downgraded the stock to “Sell” and issued a price target of between $1.75 and $2. Evercore ISI initiated its price target at $4.
The current price level is 16.35%, 32.79%, and 93.88% away from its SMA20, SMA50, and SMA200 respectively, with the AUR price moving below the 50-day SMA on current market day. Aurora Innovation Inc (AUR) stock is up 13.41% over the week and 14.93% over the past month. Its price is 56.75% year-to-date and 284.83% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/30/2024, with the company’s earnings per share (EPS) of -0.13 above consensus estimates by 0.02. The company’s next earnings report forecasts estimating quarterly EPS at -0.11 and -0.54 for whole year. Expected sales for next quarter are $1.1M, which analysts say will come at $820k for the current fiscal year and next year at $17.69M.
To reach the target analysts have set, the stock logically needs to shrink -66.26 percent from here.
Outstanding shares total 1.16B with insiders holding 25.38% of the shares and institutional holders owning 63.19% of the company’s common stock. The company has a return on investment of -40.17% and return on equity of -46.04%. The beta has a value of 2.81. Price to book ratio is 6.24.
