Aurora Innovation Stock Price To Book
| AUR Stock | USD 3.29 0.36 12.29% |
Aurora Innovation fundamentals help investors to digest information that contributes to Aurora Innovation's financial success or failures. It also enables traders to predict the movement of Aurora Stock. The fundamental analysis module provides a way to measure Aurora Innovation's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Aurora Innovation stock.
As of 05/05/2024, Price To Book Ratio is likely to grow to 3.07. Aurora | Price To Book |
Aurora Innovation Company Price To Book Analysis
Aurora Innovation's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Current Aurora Innovation Price To Book | 2.16 X |
Most of Aurora Innovation's fundamental indicators, such as Price To Book, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Aurora Innovation is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Aurora Price To Book Driver Correlations
Understanding the fundamental principles of building solid financial models for Aurora Innovation is extremely important. It helps to project a fair market value of Aurora Stock properly, considering its historical fundamentals such as Price To Book. Since Aurora Innovation's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Aurora Innovation's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Aurora Innovation's interrelated accounts and indicators.
Click cells to compare fundamentals
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
| Competition |
Aurora Book Value Per Share
Book Value Per Share |
|
Based on the latest financial disclosure, Aurora Innovation has a Price To Book of 2.1638 times. This is 80.8% lower than that of the Software sector and 58.71% lower than that of the Information Technology industry. The price to book for all United States stocks is 77.25% higher than that of the company.
Aurora Price To Book Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Aurora Innovation's direct or indirect competition against its Price To Book to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Aurora Innovation could also be used in its relative valuation, which is a method of valuing Aurora Innovation by comparing valuation metrics of similar companies.Aurora Innovation is currently under evaluation in price to book category among related companies.
Aurora Fundamentals
| Return On Equity | -0.42 | ||||
| Return On Asset | -0.25 | ||||
| Current Valuation | 3.97 B | ||||
| Shares Outstanding | 1.18 B | ||||
| Shares Owned By Insiders | 32.63 % | ||||
| Shares Owned By Institutions | 59.83 % | ||||
| Number Of Shares Shorted | 62.93 M | ||||
| Price To Book | 2.16 X | ||||
| Price To Sales | 1,900 X | ||||
| Gross Profit | 68 M | ||||
| EBITDA | (787 M) | ||||
| Net Income | (796 M) | ||||
| Cash And Equivalents | 1.38 B | ||||
| Cash Per Share | 1.20 X | ||||
| Total Debt | 122 M | ||||
| Debt To Equity | 0.06 % | ||||
| Current Ratio | 21.03 X | ||||
| Book Value Per Share | 1.30 X | ||||
| Cash Flow From Operations | (598 M) | ||||
| Short Ratio | 7.12 X | ||||
| Earnings Per Share | (0.60) X | ||||
| Target Price | 3.77 | ||||
| Number Of Employees | 1.8 K | ||||
| Beta | 2.92 | ||||
| Market Capitalization | 5.1 B | ||||
| Total Asset | 2.23 B | ||||
| Retained Earnings | (3.61 B) | ||||
| Working Capital | 1.11 B | ||||
| Net Asset | 2.23 B |
About Aurora Innovation Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Aurora Innovation's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Aurora Innovation using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Aurora Innovation based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Aurora Innovation
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Aurora Innovation position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Aurora Innovation will appreciate offsetting losses from the drop in the long position's value.Moving against Aurora Stock
| 0.56 | JFU | 9F Inc Report 21st of May 2024 | PairCorr |
| 0.56 | PSN | Parsons Corp | PairCorr |
| 0.53 | DTST | Data Storage Corp | PairCorr |
| 0.51 | GIB | CGI Inc Fiscal Year End 13th of November 2024 | PairCorr |
| 0.51 | IBM | International Business Financial Report 17th of July 2024 | PairCorr |
The ability to find closely correlated positions to Aurora Innovation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aurora Innovation when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Aurora Innovation - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Aurora Innovation to buy it.
The correlation of Aurora Innovation is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aurora Innovation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aurora Innovation moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Aurora Innovation can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Aurora Innovation Piotroski F Score and Aurora Innovation Altman Z Score analysis. To learn how to invest in Aurora Stock, please use our How to Invest in Aurora Innovation guide.You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Aurora Stock analysis
When running Aurora Innovation's price analysis, check to measure Aurora Innovation's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Aurora Innovation is operating at the current time. Most of Aurora Innovation's value examination focuses on studying past and present price action to predict the probability of Aurora Innovation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aurora Innovation's price. Additionally, you may evaluate how the addition of Aurora Innovation to your portfolios can decrease your overall portfolio volatility.
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. |
Is Aurora Innovation's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Aurora Innovation. If investors know Aurora will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Aurora Innovation listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.60) | Revenue Per Share 0.002 | Quarterly Revenue Growth (0.91) | Return On Assets (0.25) | Return On Equity (0.42) |
The market value of Aurora Innovation is measured differently than its book value, which is the value of Aurora that is recorded on the company's balance sheet. Investors also form their own opinion of Aurora Innovation's value that differs from its market value or its book value, called intrinsic value, which is Aurora Innovation's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Aurora Innovation's market value can be influenced by many factors that don't directly affect Aurora Innovation's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Aurora Innovation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aurora Innovation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aurora Innovation's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.