Aurora Innovation Inc [AUR] gain 40.73% so far this year. What now?

Aurora Innovation Inc [NASDAQ: AUR] gained 23.25% on the last trading session, reaching $6.15 price per share at the time.

If compared to the average trading volume of 9.00M shares, AUR reached a trading volume of 23811880 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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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 $4.42 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 3.00. 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 0.56 The Price to Book ratio for the last quarter was 5.22, with the Price to Cash per share for the same quarter was set at 0.78.

Trading performance analysis for AUR stock

Aurora Innovation Inc [AUR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.64. With this latest performance, AUR shares dropped by -2.54% in over the last four-week period, additionally plugging by 129.48% over the last 6 months – not to mention a rise of 190.09% 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 55.85, with the RSI for the last a single of trading hit 58.80, and the three-weeks RSI is set at 55.11 for Aurora Innovation Inc [AUR]. The present Moving Average for the last 50 days of trading for this stock 5.63, while it was recorded at 5.44 for the last single week of trading, and 3.72 for the last 200 days.

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

Aurora Innovation Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 13.71 and a Current Ratio set at 13.71.

An analysis of Institutional ownership at Aurora Innovation Inc [AUR]

There are presently around $68.22%, or 91.05%% of AUR stock, in the hands of institutional investors. The top three institutional holders of AUR stocks are: T. ROWE PRICE INVESTMENT MANAGEMENT, INC. with ownership of 178.54 million shares, which is approximately 11.6163%. VANGUARD GROUP INC, holding 92.18 million shares of the stock with an approximate value of $$255.35 million in AUR stocks shares; and VANGUARD GROUP INC, currently with $$230.78 million in AUR stock with ownership which is approximately 5.4206%.

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