Is Aurora Innovation Inc (NASDAQ: AUR) Back In The Buying Zone?

Currently, there are 1.16B common shares owned by the public and among those 718.73M shares have been available to trade.

The company’s stock has a 5-day price change of 24.36% and -37.42% over the past three months. AUR shares are trading -33.41% year to date (YTD), with the 12-month market performance up to 120.45% higher. It has a 12-month low price of $1.20 and touched a high of $4.81 over the same period. AUR has an average intraday trading volume of 6.60 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 22.76%, 5.15%, and 4.30% respectively.

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Institutional ownership of Aurora Innovation Inc (NASDAQ: AUR) shares accounts for 40.54% of the company’s 1.16B shares outstanding.

It has a market capitalization of $4.47B and a beta (3y monthly) value of 2.92. The earnings-per-share (ttm) stands at -$0.61. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.05% over the week and 6.89% over the month.

Earnings per share for the fiscal year are expected to increase by 1.54%, and 19.77% over the next financial year.

Looking at the support for the AUR, a number of firms have released research notes about the stock. Goldman stated their Sell rating for the stock in a research note on January 03, 2024, with the firm’s price target at $1.75-$2. TD Cowen coverage for the Aurora Innovation Inc (AUR) stock in a research note released on September 19, 2023 offered a Market Perform rating with a price target of $3. Evercore ISI was of a view on September 12, 2023 that the stock is In-line, while Canaccord Genuity gave the stock Buy rating on June 07, 2023, issuing a price target of $5. Goldman on their part issued Neutral rating on December 16, 2021.

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