Aurora Innovation Inc (NASDAQ: AUR) Surprises The Bears, Looks Good Going Forward

In today’s recent session, 2.11 million shares of the Aurora Innovation Inc (NASDAQ:AUR) have been traded, and its beta is 2.85. Most recently the company’s share price was $7.66, and it changed around $0.46 or 6.35% from the last close, which brings the market valuation of the company to $13.16B. AUR at last check was trading at a discount to its 52-week high of $9.83, offering almost -28.33% off that amount. The share price’s 52-week low was $2.10, which indicates that the recent value has risen by an impressive 72.58% since then. We note from Aurora Innovation Inc’s average daily trading volume that its 10-day average is 10.83 million shares, with the 3-month average coming to 13.19 million.

Aurora Innovation Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.71. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 4 recommended AUR as a Hold, whereas 2 deemed it a Buy, and 1 rated it as Underweight. Aurora Innovation Inc is expected to report earnings per share of -0.12 for the current quarter.

Aurora Innovation Inc (NASDAQ:AUR) trade information

Instantly AUR has been showing a green trend so far today with a performance of 6.35% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 7.67 on recent trading dayincreased the stock’s daily price by 0.13%. The company’s shares are currently up 21.55% year-to-date, but still up 12.78% over the last five days. On the other hand, Aurora Innovation Inc (NASDAQ:AUR) is -4.93% down in the 30-day period. We can see from the shorts that 71.67 million shares have been sold at a short interest cover period of 4.44 day(s).

Aurora Innovation Inc (AUR) estimates and forecasts

Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 200k in revenue for the current quarter. Forecasts for the next quarter put sales growth at 0.00%. Aurora Innovation Inc earnings are expected to increase by 23.33% in 2025, but the outlook is positive 9.94% per year for the next five years.

Aurora Innovation Inc (NASDAQ:AUR)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 25.13% of Aurora Innovation Inc shares, and 68.98% of them are in the hands of institutional investors. The stock currently has a share float of 92.13%. Aurora Innovation Inc stock is held by 320.0 institutions, with T. ROWE PRICE INVESTMENT MANAGEMENT, INC. being the largest institutional investor. By 2024-06-30, it held 11.6163% of the shares, which is about 178.54 million shares worth $494.56 million.

VANGUARD GROUP INC, with 5.9976% or 92.18 million shares worth $255.35 million as of 2024-06-30, holds the second largest percentage of outstanding shares.

Price (T.Rowe) Capital Appreciation Fund and Growth Fund of America Inc were the top two Mutual Funds as of Sep 30, 2024. The former held 134.85 shares worth $1.03 billion, making up 9.98% of all outstanding shares. On the other hand, Growth Fund of America Inc held roughly 34.24 shares worth around $262.13 million, which represents about 2.53% of the total shares outstanding.