When Would Be The Best Time To Buy Aurora Innovation Inc (NASDAQ: AUR) Stock?

Aurora Innovation Inc (NASDAQ:AUR) traded at $5.55 at close of the session on Monday, November 04 and made a downward move of -4.48% on its previous day’s price.

Aurora Innovation Inc has a market cap of $10.46 billion and is expected to release its quarterly earnings report in December. Estimates by analysts give the company expected earnings per share (EPS) of -0.12, with the EPS growth for the year raised at -0.54 for current year and -0.54 for next year.

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Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 1.1M, with a low of 140k and a high of 3M.

On the other hand, looking at the outlook for the AUR stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 100% Buy.

Looking further, we note the current price level is -8.12% off its SMA20 and 3.25% from its 50-day simple moving average. The RSI (14) is pointing at 46.19 while the volatility over the past week is 11.79% and jumps to 7.89% over the past one month. The beta value is 2.83, while the average true range (ATR) is currently pointing at 0.54.

Coming back to Aurora Innovation Inc (NASDAQ:AUR), we note that the average 3-month trading volume was 8.70 million, while that of the preceding 10-day period stands at 8.66 million. Current shares outstanding are 1.16 billion.

The insiders hold 44.91% of the company’s shares while institutions hold 46.88%. The data shows that short shares as of 2024-10-15, stood at 89.6 million at a short ratio of 9.59. This represents a 889.00 short interest in shares outstanding on 2024-10-15. Shares short fall in October from the previous month at 90.17 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 27.00% up in year-to-date price movement.

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