The stock price of Aurora Innovation Inc (NASDAQ: AUR) has surged by 12.29 when compared to previous closing price of 2.93, but the company has seen a 8.94% gain in its stock price over the last five trading sessions. Market Watch reported 2024-04-29 that On a three-lane test track along the Monongahela River, an 18-wheel tractor-trailer rounded a curve. No one was on board.
Is It Worth Investing in Aurora Innovation Inc (NASDAQ: AUR) Right Now?
AUR has 36-month beta value of 2.86. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for AUR is 773.17M, and currently, short sellers hold a 8.14% ratio of that float. The average trading volume of AUR on May 06, 2024 was 7.34M shares.
AUR’s Market Performance
AUR’s stock has seen a 8.94% increase for the week, with a 9.67% rise in the past month and a 4.44% gain in the past quarter. The volatility ratio for the week is 9.77%, and the volatility levels for the past 30 days are at 6.53% for Aurora Innovation Inc The simple moving average for the last 20 days is 10.97% for AUR stock, with a simple moving average of 16.73% for the last 200 days.
Analysts’ Opinion of AUR
Many brokerage firms have already submitted their reports for AUR stocks, with Goldman repeating the rating for AUR by listing it as a “Sell.” The predicted price for AUR in the upcoming period, according to Goldman is $2 based on the research report published on January 03, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see AUR reach a price target of $3. The rating they have provided for AUR stocks is “Market Perform” according to the report published on September 19th, 2023.
Evercore ISI gave a rating of “In-line” to AUR, setting the target price at $4 in the report published on September 12th of the previous year.
AUR Trading at 22.58% from the 50-Day Moving Average
After a stumble in the market that brought AUR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -31.60% of loss for the given period.
Volatility was left at 6.53%, however, over the last 30 days, the volatility rate increased by 9.77%, as shares surge +9.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +29.02% upper at present.
During the last 5 trading sessions, AUR rose by +8.94%, which changed the moving average for the period of 200-days by +14.24% in comparison to the 20-day moving average, which settled at $2.98. In addition, Aurora Innovation Inc saw -24.71% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AUR starting from Hoffman Reid, who sale 80,000 shares at the price of $2.59 back on Mar 01 ’24. After this action, Hoffman Reid now owns 459,563 shares of Aurora Innovation Inc, valued at $207,440 using the latest closing price.
Hoffman Reid, the Director of Aurora Innovation Inc, sale 1,000,000 shares at $2.52 during a trade that took place back on Feb 29 ’24, which means that Hoffman Reid is holding 463,563 shares at $2,521,500 based on the most recent closing price.
Stock Fundamentals for AUR
Current profitability levels for the company are sitting at:
- -39.76 for the present operating margin
- -0.62 for the gross margin
The net margin for Aurora Innovation Inc stands at -37.33. The total capital return value is set at -0.39. Equity return is now at value -42.24, with -37.58 for asset returns.
Based on Aurora Innovation Inc (AUR), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at -4.9. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is 69.58.
Currently, EBITDA for the company is -787.0 million with net debt to EBITDA at 0.48. When we switch over and look at the enterprise to sales, we see a ratio of 224.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 10.96.
Conclusion
To put it simply, Aurora Innovation Inc (AUR) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
