Saturday, June 25, 2022

The Attractiveness of Investing In Aurora Innovation Inc. (AUR) is Growing

Goldman initiated its Aurora Innovation Inc. [AUR] rating to a Neutral in a research note published on Tuesday, December 16, 2021; the price target was $13. PT values the company’s stock at a premium of 83.0 to its Tuesday closing price.


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Price Performance Review of AUR

On Tuesday, Aurora Innovation Inc. [NASDAQ:AUR] saw its stock fall -1.34% to $2.21. On the same session, the stock had its day’s lowest price of $2.19, but rose to a high of $2.34. Over the last five days, the stock has lost -5.15%. Aurora Innovation Inc. shares have fallen nearly -80.37% since the year began. Nevertheless, the stocks have fallen -77.83% over the past one year. While a 52-week high of $17.77 was reached on 01/04/22, a 52-week low of $2.20 was recorded on 06/21/22. SMA at 50 days reached $3.68, while 200 days put it at $7.34. A total of 7.77 million shares were traded, compared to the trading of 7.19 million shares in the previous session.

Levels Of Support And Resistance For AUR Stock

The 24-hour chart illustrates a support level at 2.15, which if violated will result in even more drops to 2.10. On the upside, there is a resistance level at 2.30. A further resistance level may holdings at 2.40. The Relative Strength Index (RSI) on the 14-day chart is 29.09, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.20%. Stochastics %K at 3.02% indicates the stock is a buying.

How much short interest is there in Aurora Innovation Inc.?

A steep rise in short interest was recorded in Aurora Innovation Inc. stocks on Apr 28, 2022, growing by 2.71 million shares to a total of 15.28 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 12.57 million shares. There was a rise of 17.74%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.58% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.99.

Aurora Innovation Inc. [AUR] – Who Are The Largest Shareholders?

In filings from T. Rowe Price Associates, Inc., it is revealed that the company now owns 55,726,254 shares, or roughly 7.90% of the outstanding AUR shares. In other words, the investor’s shares have fallen by -616,483 from its previous 13-F filing of 56342737.0. Additionally, Morgan Stanley Investment Managem decreased -0.13% of its stake after which the total value it holdings stand at $57,769,031, while Baillie Gifford & Co. reduced 0.00% of its stake to hold $47.4 million in the firm. Over the last quarter, The Vanguard Group, Inc. sold -67,410 shares of Aurora Innovation Inc., while PRIMECAP Management Co. sold -853,870 shares. At present, Allen Holding, Inc. is holding 8,967,097 shares valued at $28.34 million. Canada Pension Plan Investment Bo owned 8,373,275 shares of the company at the time of its most recent 13F filing, worth $26.46 million.

According to FactSet, Aurora Innovation Inc.’s share price will average $8.33 in the next year, based on opinions of analysts polled by the firm. This is up nearly 167.86 percent from its previous closing price of $2.24. Analysts expect Aurora Innovation Inc. stock to reach the higher price of $15.00, while the lowest price estimate is $4.00. However, 3 analysts have rated AUR stock as an Overweight in their predictions for 2022.

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