Is Aurora Innovation Inc (NASDAQ:AUR) Predicted To Soar?

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Aurora Innovation Inc (NASDAQ:AUR) price on Wednesday, December 04, rose 1.86% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $6.03.

A look at the stock’s price movement, the close in the last trading session was $5.92, moving within a range at $5.9 and $6.23. The beta value (5-Year monthly) was 2.835. Turning to its 52-week performance, $7.01 and $2.10 were the 52-week high and 52-week low respectively. Overall, AUR moved 8.65% over the past month.

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Aurora Innovation Inc’s market cap currently stands at around $10.36 billion, with investors looking forward to this quarter’s earnings report slated for in January.

Turning to the stock’s technical picture we see that short term indicators suggest on average that AUR is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.

AUR’s current price about 2.52% and 2.29% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.13, while 7-day volatility ratio is 6.67% and 8.44% in the 30-day chart. Further, Aurora Innovation Inc (AUR) has a beta value of 2.88, and an average true range (ATR) of 0.50.

If we refocus on Aurora Innovation Inc (NASDAQ:AUR), historical trading data shows that trading volumes averaged 11.26 over the past 10 days and 9.89 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.35 billion shares.

The 43.87% of Aurora Innovation Inc’s shares are in the hands of company insiders while institutional holders own 50.90% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 78.35 million on 2024-11-15, giving us a short ratio of 7.71. The data shows that as of 2024-11-15 short interest in Aurora Innovation Inc (AUR) stood at 773.0 of shares outstanding, with shares short falling to 89.6 million registered in 2024-10-15. Current price change has pushed the stock 37.99% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AUR stock continues to rise going into the next quarter.

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