Can Aurora Innovation Inc (NASDAQ: AUR) Still Be Hot This Week?

Aurora Innovation Inc (NASDAQ:AUR) traded at $4.23 at close of the session on Friday, July 19, made a downward move of -1.40% on its previous day’s price.

Looking at the stock we see that its previous close was $4.29 . In terms of its 52-week price range, AUR has a high of $5.24 and a low of $1.60. The company’s stock has gained about 80.77% over that past 30 days.

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Aurora Innovation Inc has a market cap of $6.57 billion. Estimates by analysts give the company expected earnings per share (EPS) of -$0.13, with the EPS growth for the year raised at -$0.49 for 2024 and -$0.46 for next year. These figures represent 18.30% and 6.10% growth in EPS for the two years respectively.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the AUR stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 100% Buy.

Looking further, we note the current price level is 34.12% off its SMA20 and 48.85% from its 50-day simple moving average. The RSI (14) is pointing at 68.58 while the volatility over the past week is 14.19% and jumps to 8.66% over the past one month. The beta value is 2.80, while the average true range (ATR) is currently pointing at 0.34.

Coming back to Aurora Innovation Inc (NASDAQ:AUR), we note that the average 3-month trading volume was 10.21 million. Current shares outstanding are 1.16 billion.

The insiders hold 49.02% of the company’s shares while institutions hold 42.20%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -3.20% down in year-to-date price movement.

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