On September 19, 2023, TD Cowen made a significant move by initiating coverage on Aurora Innovation Inc (AUR). Their rating for the company was Market Perform, indicating that they anticipate the stock to perform on par with the overall market. Additionally, TD Cowen set a price target of $3 per share, projecting the potential value of the stock.
This development has had a noticeable impact on Aurora Innovation’s share prices, which have experienced a decline. Investors are reacting to TD Cowen’s analysis and adjusting their positions accordingly. The lower trading activity reflects the cautious sentiment surrounding the stock’s future performance.
Aurora Innovation, Inc.
AUR
Neutral
Updated on: 19/09/2023
Weak 
Debt to equity ratio: Neutral 
AUR Stock Analysis: Mixed Performance on September 19, 2023 with Positive Earnings Growth but Declining Revenue
On September 19, 2023, AUR stock displayed a mixed performance, with some positive indicators overshadowed by negative factors. Let’s analyze the key data points provided by CNN Money to gain a better understanding of AUR’s stock performance on that day.
Starting with the previous close, AUR stock closed at $3.54. This sets the baseline for assessing the stock’s movement throughout the day. The opening price on September 19 was $3.49, indicating a slight decline from the previous close.
The day’s trading range for AUR stock was between $2.86 and $3.49. This range suggests that the stock experienced significant volatility during the trading session.
The trading volume for AUR on September 19 was 580,302 shares. While this figure is lower than the average volume of the past three months, which stands at 7,910,945 shares, it is still a considerable volume.
AUR’s market capitalization is $5.0 billion, which provides an indication of the company’s overall value in the stock market.
Examining the earnings growth figures, AUR experienced a significant decline in earnings growth last year, with a negative growth rate of -124.05%. However, the company managed to turn things around this year, achieving a positive growth rate of +55.41%.
Looking ahead, there is no data available for AUR’s earnings growth over the next five years.
In terms of revenue growth, AUR experienced a decline of -17.61% last year.
The P/E ratio for AUR is listed as NM, which stands for “not meaningful.”
The price/sales ratio for AUR is 20.34.
The price/book ratio for AUR is 2.20.
Unfortunately, no competitor data is available for AUR.
AUR’s next reporting date is set for November 1, 2023.
The EPS forecast for this quarter is -$0.17.
In summary, AUR stock displayed mixed performance on September 19, 2023. While there were positive signs of earnings growth improvement and a moderate trading volume, negative factors such as declining revenue growth and a lack of competitor data should be taken into consideration. Investors should closely monitor AUR’s financial results and industry developments to make informed investment decisions.
Aurora Innovation Inc: Analysts Predict 84.56% Increase in Target Price
On September 19, 2023, Aurora Innovation Inc (AUR) had a median target price of $5.50, according to four analysts who offered 12-month price forecasts. The high estimate was $7.00, while the low estimate was $3.00. This median estimate represents an increase of 84.56% from the last recorded price of $2.98.
The current consensus among five polled investment analysts is to hold stock in Aurora Innovation Inc. This rating has remained steady since September, when it was downgraded from a buy rating.
Looking at the current quarter’s financial performance, Aurora Innovation Inc reported earnings per share of -$0.17 and sales of $0.00. The reporting date for this information is on November 1.
Based on the information provided, it seems that analysts have a positive outlook on Aurora Innovation Inc, with a median target price indicating a significant increase from the last recorded price. However, the current consensus among investment analysts is to hold the stock.
Investors should consider conducting further research and analysis to understand the factors influencing Aurora Innovation Inc’s stock performance and to make informed investment decisions. It is also important to monitor any updates or changes in analysts’ ratings and forecasts.
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