Aurora Innovation (AUR) Falls to 52-Week Low Over Net Loss

We recently published 10 Stocks Lead Wall Street Downward Spiral. Aurora Innovation, Inc. (NASDAQ:AUR) is one of the worst-performing stocks on Tuesday.

Aurora Innovation declined for a second day on Tuesday to hit a new 52-week low amid lingering caution over its financial performance.

At intra-day trading, the stock fell to its lowest price of $4.48 before trimming gains to finish the day just down by 11.19 percent at $4.485 apiece.

Last week, Aurora Innovation, Inc. (NASDAQ:AUR) said it narrowed its net loss in the third quarter of the year by 3.4 percent to $201 million from $208 million in the same period last year.

It also incurred a revenue of $1 million across driverless and vehicle operator-supervised commercial loads.

Operating loss—which included a $51 million stock-based compensation (SBC)—increased by 13 percent to $222 million from $196 million year-on-year.

“For the remainder of the year, we will continue to focus on expanding driverless operations and advancing our programs to support our 2026 scaling objectives to accelerate our first-mover advantage to reinforce our leadership position,” said Aurora Innovation, Inc. (NASDAQ:AUR) Chief Finance Officer David Maday.

In other news, Aurora Innovation, Inc. (NASDAQ:AUR) said it expanded its driverless trucking services to El Paso, Texas, after surpassing 100,000 driverless miles on public roads.

It said it also plans to deploy hundreds of driverless trucks with its next-generation Aurora Driver hardware in 2026, fortifying a clear path to meet strong customer demand.

While we acknowledge the risk and potential of AUR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AUR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.