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Aurora Innovation Inc (AUR) Analysis & Forecast for 2024

Aurora Innovation Inc (NASDAQ: AUR) is 23.57% higher on its value in year-to-date trading and has touched a low of $1.73 and a high of $7.01 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AUR stock was last observed hovering at around $5.46 in the last trading session, with the day’s loss setting it -0.06%.

Currently trading at $5.40, the stock is -9.63% and -1.98% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.6 million and changing -1.10% at the moment leaves the stock 47.07% off its SMA200. AUR registered 197.52% gain for a year compared to 6-month gain of 71.97%. The firm has a 50-day simple moving average (SMA 50) of $5.4865 and a 200-day simple moving average (SMA200) of $3.660875.

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The stock witnessed a -7.38% loss in the last 1 month and extending the period to 3 months gives it a 59.76%, and is 4.25% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.53% over the week and 7.76% over the month.

Aurora Innovation Inc (AUR) has around 1800 employees, a market worth around $9.28B and $0.00M in sales. Distance from 52-week low is 212.14% and -22.91% from its 52-week high. The company has generated returns on investments over the last 12 months (-35.12%).

with sales reaching $1.58M over the same period.The EPS is expected to grow by 11.18% this year.

Aurora Innovation Inc (AUR) Top Institutional Holders

277.0 institutions hold shares in Aurora Innovation Inc (AUR), with institutional investors hold 84.48% of the company’s shares. The shares outstanding are 1.16B, and float is at 948.44M with Short Float at 8.85%. Institutions hold 63.30% of the Float.

The top institutional shareholder in the company is T. ROWE PRICE INVESTMENT MANAGEMENT, INC. with over 178.54 million shares valued at $494.56 million. The investor’s holdings represent 11.6163% of the AUR Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 92.18 million shares valued at $255.35 million to account for 5.9976 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 83.31 million shares representing 5.4206% and valued at over $230.78 million, while BAILLIE GIFFORD & CO holds 4.713 of the shares totaling 72.44 million with a market value of $200.65 million.

Aurora Innovation Inc (AUR) Insider Activity

The most recent transaction is an insider sale by Hoffman Reid, the company’s Director. SEC filings show that Hoffman Reid sold 1,680,577 shares of the company’s common stock on Nov 12 ’24 at a price of $5.37 per share for a total of $9.02 million. Following the sale, the insider now owns 0.18 million shares.

Aurora Innovation Inc disclosed in a document filed with the SEC on Nov 11 ’24 that Hoffman Reid (Director) sold a total of 856,797 shares of the company’s common stock. The trade occurred on Nov 11 ’24 and was made at $5.49 per share for $4.7 million. Following the transaction, the insider now directly holds 0.27 million shares of the AUR stock.

Still, SEC filings show that on Nov 12 ’24, GREYLOCK 15 PRINCIPALS LP (Director) Proposed Sale 84,029 shares at an average price of $5.37 for $0.45 million. The insider now directly holds shares of Aurora Innovation Inc (AUR).

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