Aurora Innovation Inc [NASDAQ: AUR] stock went on an upward path that rose over 3.19% on Monday, amounting to a one-week price increase of more than 24.36%. The company report on March 14, 2024 at 8:00 AM that Aurora to Showcase Driverless Trucks Navigating Advanced Road Scenarios at Analyst and Investor Day.
Company shares progress toward Commercial Launch and path to gross profit, scale, and self-funding.
Today, Aurora Innovation (NASDAQ: AUR) is holding an Analyst and Investor Day at its headquarters in Pittsburgh where executives will share the company’s progress toward driverless deployment and its path to gross profit, scale and self-funding. For the first time, the company will publicly show the Aurora Driver – an SAE Level 4 autonomous driving system – navigating safety-critical scenarios without anyone on board.
Over the last 12 months, AUR stock rose by 120.45%. The one-year Aurora Innovation Inc stock forecast points to a potential upside of 22.81. The average equity rating for AUR stock is currently 2.67, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $4.47 billion, with 1.16 billion shares outstanding and 718.73 million shares in the current float. Compared to the average trading volume of 6.60M shares, AUR stock reached a trading volume of 8868898 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $3.77 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 2.67. 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 Sell, with their previous recommendation back on January 03, 2024. While these analysts kept the previous recommendation, TD Cowen raised their target price to Market Perform. The new note on the price target was released on September 19, 2023, representing the official price target for Aurora Innovation Inc stock. Previously, the target price had yet another raise to $4, while Evercore ISI analysts kept a In-line rating on AUR stock.
The Average True Range (ATR) for Aurora Innovation Inc is set at 0.18 The Price to Book ratio for the last quarter was 2.24, with the Price to Cash per share for the same quarter was set at 0.78.
AUR Stock Performance Analysis:
Aurora Innovation Inc [AUR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 24.36. With this latest performance, AUR shares gained by 14.57% in over the last four-week period, additionally plugging by 22.27% over the last 6 months – not to mention a rise of 120.45% 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 64.17, with the RSI for the last a single of trading hit 74.93, and the three-weeks RSI is set at 57.56 for Aurora Innovation Inc [AUR]. The present Moving Average for the last 50 days of trading for this stock 2.76, while it was recorded at 2.66 for the last single week of trading, and 2.79 for the last 200 days.
Insight into Aurora Innovation Inc Fundamentals:
Aurora Innovation Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 10.96 and a Current Ratio set at 10.96.
AUR Stock EPS
With the latest financial reports released by the company, Aurora Innovation Inc posted -0.17/share EPS, while the average EPS was predicted by analysts to be reported at -0.17/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AUR.
Aurora Innovation Inc [AUR] Institutonal Ownership Details
The top three institutional holders of AUR stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in AUR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in AUR stock with ownership which is approximately 5.8386%.
