How does Aurora Innovation Inc. (AUR) change from a tortoise to a hare?

Aurora Innovation Inc. (NASDAQ: AUR) stock jumped 6.92% on Friday to $1.39 against a previous-day closing price of $1.30. With 1.62 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.22 million shares. During the session, the Information Technology Services company that operates in wider Technology sector, reached to the highest price of $1.4150 whereas the lowest price it dropped to was $1.2950. The 52-week range on AUR shows that it touched its highest point at $6.69 and its lowest point at $1.10 during that stretch. It currently has a 1-year price target of $4.46.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AUR was up-trending over the past week, with a rise of 6.92%, but this was up by 13.93% over a month. Three-month performance dropped to -32.52% while six-month performance fell -45.91%. The stock lost -77.76% in the past year, while it has gained 14.88% so far this year. A look at the trailing 12-month EPS for AUR yields -1.49 with Next year EPS estimates of -0.78. For the next quarter, that number is -0.17. This implies an EPS growth rate of -212.10% for this year and -2.60% for next year.

Float and Shares Shorts:

At present, 1.15 billion AUR shares are outstanding with a float of 331.73 million shares on hand for trading. On Oct 13, 2022, short shares totaled 13.16 million, which was 1.14% higher than short shares on Sep 14, 2022. In addition to Mr. Christopher Urmson Ph.D. as the firm’s Co-Founder, Pres, CEO & Exec. Director, Mr. Sterling Anderson serves as its Co-Founder, Chief Product Officer & Director.

Institutional Ownership:

Through their ownership of 47.47% of AUR’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 8.85% of AUR, in contrast to 18.64% held by mutual funds. Shares owned by individuals account for 1.93%. As the largest shareholder in AUR with 7.30% of the stake, T. Rowe Price Investment Manageme holds 54,041,471 shares worth 54,041,471. A second-largest stockholder of AUR, The Vanguard Group, Inc., holds 30,847,746 shares, controlling over 4.17% of the firm’s shares. Morgan Stanley Investment Managem is the third largest shareholder in AUR, holding 22,064,451 shares or 2.98% stake. With a 4.68% stake in AUR, the T Rowe Price Capital Appreciation is the largest stakeholder. A total of 34,667,381 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 1.47% of AUR stock, is the second-largest Mutual Fund holder. It holds 10,860,578 shares valued at 13.14 million. Vanguard Small Cap Index Fund holds 1.29% of the stake in AUR, owning 9,547,827 shares worth 11.55 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AUR since 2 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With AUR analysts setting a high price target of $7.00 and a low target of $1.25, the average target price over the next 12 months is $4.13. Based on these targets, AUR could surge 403.6% to reach the target high and fall by -10.07% to reach the target low. Reaching the average price target will result in a growth of 197.12% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. AUR will report FY 2022 earnings on 02/14/2024. Analysts have provided yearly estimates in a range of -$0.66 being high and -$0.82 being low. For AUR, this leads to a yearly average estimate of -$0.74. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Aurora Innovation Inc. surprised analysts by $0.03 when it reported -$0.17 EPS against a consensus estimate of -$0.20. The surprise factor in the prior quarter was -$0.84. Based on analyst estimates, the high estimate for the next quarter is -$0.15 and the low estimate is -$0.19. The average estimate for the next quarter is thus -$0.17.

Summary of Insider Activity:

Insiders traded AUR stock several times over the past three months with 0 Buys and 3 Sells. In these transactions, 0 shares were bought while 75,502 shares were sold. The number of buy transactions has increased to 10 while that of sell transactions has risen to 9 over the past year. The total number of shares bought during that period was 1,866,746 while 280,105 shares were sold.

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