Aurora Innovation Inc (NASDAQ: AUR) stock jumped 3.77% on Friday to $2.20 against a previous-day closing price of $2.12. With 7.29 million shares changed hands, the volume of the stock remained lighter than its average volume of 7.58 million shares. During the session, the Information Technology Services company that operates in wider Technology sector, reached to the highest price of $2.2200 whereas the lowest price it dropped to was $2.1150. The 52-week range on AUR shows that it touched its highest point at $3.92 and its lowest point at $1.10 during that stretch. It currently has a 1-year price target of $4.05. Beta for the stock currently stands at 2.70.
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 21.21%, but this was up by 22.22% over a month. Three-month performance dropped to -32.31% while six-month performance rose 54.93%. The stock gained 25.71% in the past year, while it has gained 81.82% so far this year. A look at the trailing 12-month EPS for AUR yields -0.74 with Next year EPS estimates of -0.58. For the next quarter, that number is -0.15. This implies an EPS growth rate of 58.41% for this year and 7.01% for next year.
Float and Shares Shorts:
At present, 754.00 million AUR shares are outstanding with a float of 671.69 million shares on hand for trading. On Oct 30, 2023, short shares totaled 57.48 million, which was 3.78% higher than short shares on Sep 28, 2023. In addition to Mr. Christopher Urmson Ph.D. as the firm’s Co-Founder, CEO & Non-Independent Executive Chairman, Mr. Sterling Anderson serves as its Co-Founder, Chief Product Officer & Non-Independent Director.
Institutional Ownership:
Through their ownership of 37.75% of AUR’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 35.92% of AUR, in contrast to 3.17% held by mutual funds. Shares owned by individuals account for 19.63%. As the largest shareholder in AUR with 10.64% of the stake, T. Rowe Price Investment Manageme holds 115,361,284 shares worth 115,361,284. A second-largest stockholder of AUR, Morgan Stanley Investment Managem, holds 84,104,004 shares, controlling over 7.76% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in AUR, holding 78,012,259 shares or 7.20% stake. With a 6.85% stake in AUR, the T Rowe Price Capital Appreciation is the largest stakeholder. A total of 74,222,591 shares are owned by the mutual fund manager. The Scottish Mortgage Investment Trus, which owns about 3.05% of AUR stock, is the second-largest Mutual Fund holder. It holds 33,118,518 shares valued at 57.96 million. American Funds Growth Fund of Ame holds 2.54% of the stake in AUR, owning 27,485,700 shares worth 48.1 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AUR since 0 analysts follow the stock currently. 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 $1.75, the average target price over the next 12 months is $4.05. Based on these targets, AUR could surge 218.18% to reach the target high and fall by -20.45% to reach the target low. Reaching the average price target will result in a growth of 84.09% from current levels.
Summary of Insider Activity:
Insiders traded AUR stock several times over the past three months with 6 Buys and 12 Sells. In these transactions, 676,142 shares were bought while 837,899 shares were sold. The number of buy transactions has increased to 45 while that of sell transactions has risen to 62 over the past year. The total number of shares bought during that period was 13,391,985 while 8,372,397 shares were sold.
