Wall Street Analyst Initiated Aurora Innovation Inc. [AUR]. What else is Wall St. saying

Aurora Innovation Inc. [NASDAQ: AUR] gained 9.37% or 0.15 points to close at $1.75 with a heavy trading volume of 3989220 shares. The company report on November 7, 2022 that Aurora and Ryder to Pilot On-Site Fleet Maintenance for Autonomous Trucking.

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With Ryder technicians embedded in Aurora’s terminal, the companies aim to maximize the utilization of autonomous trucks.

Aurora Innovation Inc. (NASDAQ: AUR), a leading autonomous vehicle company, and Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and fleet management solutions, announce a strategic collaboration to pilot on-site fleet maintenance. With Ryder technicians embedded at Aurora’s terminal in South Dallas, the goal is to support the current pilot operations and prepare for commercial operation at scale.

It opened the trading session at $1.72, the shares rose to $1.76 and dropped to $1.63, the range by which the price of stock traded the whole day. The daily chart for AUR points out that the company has recorded -51.79% loss over the past six months. However, it is still -11.46% lower than its most recent low trading price.

If we look at the average trading volume of 2.54M shares, AUR reached to a volume of 3989220 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Aurora Innovation Inc. [AUR]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AUR shares is $5.02 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AUR stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for Aurora Innovation Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 16, 2021.

The Average True Range (ATR) for Aurora Innovation Inc. is set at 0.17, with the Price to Sales ratio for AUR stock in the period of the last 12 months amounting to 13.76. The Price to Book ratio for the last quarter was 0.90, with the Price to Cash per share for the same quarter was set at 1.21.

Trading performance analysis for AUR stock

Aurora Innovation Inc. [AUR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.50. With this latest performance, AUR shares dropped by -19.35% in over the last four-week period, additionally sinking by -51.79% over the last 6 months – not to mention a drop of -82.14% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AUR stock in for the last two-week period is set at 37.94, with the RSI for the last a single of trading hit 36.92, and the three-weeks RSI is set at 39.57 for Aurora Innovation Inc. [AUR]. The present Moving Average for the last 50 days of trading for this stock 2.2935, while it was recorded at 1.7750 for the last single week of trading, and 3.3774 for the last 200 days.

Aurora Innovation Inc. [AUR]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Aurora Innovation Inc. [AUR] shares currently have an operating margin of -866.93. Aurora Innovation Inc.’s Net Margin is presently recorded at -915.28.

Return on Equity for this stock declined to -45.21, with Return on Assets sitting at -40.48.

Aurora Innovation Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 21.00 and a Current Ratio set at 21.00.

An analysis of insider ownership at Aurora Innovation Inc. [AUR]

There are presently around $516 million, or 47.50% of AUR stock, in the hands of institutional investors. The top three institutional holders of AUR stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 59,776,350, which is approximately 7.268% of the company’s market cap and around 0.70% of the total institutional ownership; SB INVESTMENT ADVISERS (UK) LTD, holding 39,417,358 shares of the stock with an approximate value of $68.98 million in AUR stocks shares; and INDEX VENTURE GROWTH ASSOCIATES III LTD, currently with $67.22 million in AUR stock with ownership of nearly 0% of the company’s market capitalization.

Positions in Aurora Innovation Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 58 institutional holders increased their position in Aurora Innovation Inc. [NASDAQ:AUR] by around 40,525,469 shares. Additionally, 34 investors decreased positions by around 3,257,205 shares, while 36 investors held positions by with 250,868,879 shares. The mentioned changes placed institutional holdings at 294,651,553 shares, according to the latest SEC report filing. AUR stock had 28 new institutional investments in for a total of 8,789,605 shares, while 14 institutional investors sold positions of 2,305,232 shares during the same period.


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