Aurora Innovation Inc (NASDAQ:AUR) shares, rose in value on Tuesday, December 31, with the stock price down by -2.63% to the previous day’s close as strong demand from buyers drove the stock to $6.30.
Actively observing the price movement in the last trading, the stock closed the session at $6.47, falling within a range of $6.19 and $6.58. The value of beta (5-year monthly) was 2.835. Referring to stock’s 52-week performance, its high was $8.44, and the low was $2.10. On the whole, AUR has fluctuated by -2.63% over the past month.
With the market capitalization of Aurora Innovation Inc currently standing at about $10.54 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Wall Street analysts also predicted that the company’s y-o-y revenues would reach 200k.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AUR’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of AUR currently trading nearly -11.35% and -1.85% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.55, while the 7-day volatility ratio is showing 6.16% which for the 30-day chart, stands at 9.19%. Furthermore, Aurora Innovation Inc (AUR)’s beta value is 2.86, and its average true range (ATR) is 0.58.
A comparison of Aurora Innovation Inc (AUR) with its peers suggests the former has fared considerably weaker in the market. AUR showed an intraday change of -2.63% in last session, and over the past year, it grew by 44.16%%.
Data on historical trading for Aurora Innovation Inc (NASDAQ:AUR) indicates that the trading volumes over the past 10 days have averaged 9.72 and over the past 3 months, they’ve averaged 10.50 million. According to company’s latest data on outstanding shares, there are 1.35 billion shares outstanding.
Nearly 43.30% of Aurora Innovation Inc’s shares belong to company insiders and institutional investors own 50.90% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 64.74 million shares as on 2024-12-13, resulting in a short ratio of 5.11. According to the data, the short interest in Aurora Innovation Inc (AUR) stood at 639.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 78.35 million. The stock has risen by 44.16% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AUR stock heading into the next quarter.
