The stock of Aurora Innovation Inc (AUR) has gone up by 19.20% for the week, with a 43.96% rise in the past month and a 115.16% rise in the past quarter. The volatility ratio for the week is 12.88%, and the volatility levels for the past 30 days are 9.51% for AUR. The simple moving average for the past 20 days is 23.81% for AUR’s stock, with a 80.69% simple moving average for the past 200 days.
Is It Worth Investing in Aurora Innovation Inc (NASDAQ: AUR) Right Now?
The stock has a 36-month beta value of 2.81. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 1 as “sell.”
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The public float for AUR is 928.59M, and at present, short sellers hold a 9.71% of that float. On September 30, 2024, the average trading volume of AUR was 10.84M shares.
AUR) stock’s latest price update
Aurora Innovation Inc (NASDAQ: AUR)’s stock price has plunge by 2.76relation to previous closing price of 5.80. Nevertheless, the company has seen a 19.20% surge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-17 that Aurora Innovation is poised to launch a viable autonomous trucking solution soon, with a likely first-mover advantage and strong partnerships. AUR’s limited competition could enable it to secure lucrative customers and market share quickly. Uber’s significant investment and partnership with Aurora suggest strong support and potential discounts for Uber Freight customers to adopt Aurora’s technology.
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 39.53% 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 -12.22% of loss for the given period.
Volatility was left at 9.51%, however, over the last 30 days, the volatility rate increased by 12.88%, as shares surge +33.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +38.93% upper at present.
During the last 5 trading sessions, AUR rose by +19.20%, which changed the moving average for the period of 200-days by +109.86% in comparison to the 20-day moving average, which settled at $4.89. In addition, Aurora Innovation Inc saw 36.38% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AUR starting from Hoffman Reid, who sale 45,600 shares at the price of $3.16 back on May 15 ’24. After this action, Hoffman Reid now owns 389,694 shares of Aurora Innovation Inc, valued at $144,146 using the latest closing price.
Hoffman Reid, the Director of Aurora Innovation Inc, sale 1,013,781 shares at $3.09 during a trade that took place back on May 14 ’24, which means that Hoffman Reid is holding 391,974 shares at $3,132,076 based on the most recent closing price.
Stock Fundamentals for AUR
The total capital return value is set at -0.44. Equity return is now at value -46.04, with -40.58 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 -5.36.
Currently, EBITDA for the company is -787.0 million with net debt to EBITDA at 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 12.88.
Conclusion
To sum up, Aurora Innovation Inc (AUR) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
