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Aurora Innovation (NASDAQ:AUR) Trading Up 6.8%

Defense World ·  Feb 5, 2023 02:21

Aurora Innovation, Inc. (NASDAQ:AUR – Get Rating) rose 6.8% on Friday . The stock traded as high as $2.05 and last traded at $2.05. Approximately 385,658 shares traded hands during trading, a decline of 83% from the average daily volume of 2,221,037 shares. The stock had previously closed at $1.92.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group cut their price target on shares of Aurora Innovation from $4.00 to $2.50 and set a "neutral" rating on the stock in a report on Tuesday, October 11th.

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Aurora Innovation Trading Up 3.1 %

The firm has a market capitalization of $2.31 billion, a P/E ratio of -1.29 and a beta of 1.67. The stock has a 50-day simple moving average of $1.36 and a two-hundred day simple moving average of $1.98.

Aurora Innovation (NASDAQ:AUR – Get Rating) last issued its earnings results on Wednesday, November 2nd. The company reported ($0.17) earnings per share (EPS) for the quarter. Aurora Innovation had a negative return on equity of 25.08% and a negative net margin of 1,815.83%. The business had revenue of $2.90 million for the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Itau Unibanco Holding S.A. purchased a new stake in Aurora Innovation in the third quarter valued at about $27,000. Commonwealth Equity Services LLC acquired a new stake in shares of Aurora Innovation in the third quarter worth approximately $27,000. US Bancorp DE purchased a new stake in shares of Aurora Innovation during the second quarter worth $27,000. Royal Bank of Canada boosted its stake in Aurora Innovation by 137.9% during the first quarter. Royal Bank of Canada now owns 14,465 shares of the company's stock worth $80,000 after buying an additional 8,385 shares during the last quarter. Finally, ExodusPoint Capital Management LP purchased a new stake in shares of Aurora Innovation in the second quarter valued at about $30,000. 46.54% of the stock is currently owned by hedge funds and other institutional investors.

Aurora Innovation Company Profile

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Aurora Innovation, Inc operates as a self-driving technology company in the United States. It focuses on developing Aurora Driver, a platform that brings a suite of self-driving hardware, software, and data services together to adapt and interoperate passenger vehicles, light commercial vehicles, and trucks.

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