The trading price of Aurora Innovation Inc (NASDAQ:AUR) closed higher on Monday, November 18, and closing at $6.15, 23.25% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $5.24 and $6.48. In examining the 52-week price action we see that the stock hit a 52-week high of $7.01 and a 52-week low of $2.04. Over the past month, the stock has lost -2.54% in value.
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Aurora Innovation Inc, whose market valuation is $9.80 billion at the time of this writing, is expected to release its quarterly earnings report in December. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest AUR has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that AUR’s price is currently 5.53% off the SMA20 and 9.32% off the SMA50. The RSI metric on the 14-day chart is currently showing 55.85, and weekly volatility stands at 10.97%. When measured over the past 30 days, the indicator reaches 8.98%. Aurora Innovation Inc (NASDAQ:AUR)’s beta value is currently sitting at 2.81, while the Average True Range indicator is currently displaying 0.56.
To see how Aurora Innovation Inc stock has been performing in comparison to its peers in the industry, here are the numbers: AUR stock’s performance was 23.25% in the latest trading, and 190.09% in the past year.
An evaluation of the daily trading volume of Aurora Innovation Inc (NASDAQ:AUR) indicates that the 3-month average is 9.00 million. However, this figure has increased over the past 10 days to an average of 13.22.
Currently, records show that 1.16 billion of the company’s shares remain outstanding. The insiders hold 44.05% of outstanding shares, whereas institutions hold 51.04%. The stats also highlight that short interest as of 2024-10-31, stood at 83.91 million shares, resulting in a short ratio of 10.85 at that time. From this, we can conclude that short interest is 828.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 87.89 million. However, since the stock’s price has seen 40.73% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
