Aurora Innovation Inc (NASDAQ: AUR) Is Down -5.30% – Is It A Buying Opportunity?

Aurora Innovation Inc (NASDAQ:AUR) traded at $6.97 at close of the session on Friday, December 13 and made a downward move of -5.30% on its previous day’s price.

Looking at the stock we see that its previous close was $7.36 and the beta (5Y monthly) reads 2.835 with the day’s price range being $6.95 – $7.78. In terms of its 52-week price range, AUR has a high of $8.05 and a low of $2.10. The company’s stock has gained about 31.76% over that past 30 days.

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Aurora Innovation Inc has a market cap of $11.34 billion and is expected to release its quarterly earnings report in January.

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 100% Buy.

Looking further, we note the current price level is 6.60% off its SMA20 and 13.90% from its 50-day simple moving average. The RSI (14) is pointing at 55.80 while the volatility over the past week is 7.85% and jumps to 9.16% over the past one month. The beta value is 2.87, while the average true range (ATR) is currently pointing at 0.57.

Coming back to Aurora Innovation Inc (NASDAQ:AUR), we note that the average 3-month trading volume was 10.57 million, while that of the preceding 10-day period stands at 13.1 million. Current shares outstanding are 1.35 billion.

The insiders hold 43.32% of the company’s shares while institutions hold 50.90%. The data shows that short shares as of 2024-11-29, stood at 76.13 million at a short ratio of 6.03. This represents a 751.00 short interest in shares outstanding on 2024-11-29. Shares short fall in November from the previous month at 83.91 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 59.50% up in year-to-date price movement.

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