WeRide Inc. (NASDAQ:WRD) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Analysts give WeRide a “Moderate Buy” consensus: Seven of nine brokerages rate the stock a buy, while one rates it a hold and one a sell. The average 12-month price target is $12.27, versus a recent share price of $5.75.
• Recent analyst views are mixed, with Bank of America maintaining a $10.70 buy target and Morgan Stanley reiterating an overweight rating with a $12.00 target, while Weiss Ratings and Wall Street Zen downgraded the stock to sell.
• WeRide reported quarterly revenue of $34.11 million and a loss of $0.18 per share, alongside a negative net margin of 199.09%. Analysts expect a full-year loss of approximately $0.67 per share.

Shares of WeRide Inc. (NASDAQ:WRD - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the nine brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $12.2667.

A number of equities analysts have recently weighed in on WRD shares. Weiss Ratings cut shares of WeRide from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Wednesday. Wall Street Zen downgraded WeRide from a "hold" rating to a "sell" rating in a research note on Saturday, August 15th. Bank of America reiterated a "buy" rating and set a $10.70 target price on shares of WeRide in a report on Friday, August 14th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $12.00 target price on shares of WeRide in a research note on Wednesday, August 19th.

Hedge Funds Weigh In On WeRide

Institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC acquired a new position in shares of WeRide in the 1st quarter valued at approximately $27,000. JPMorgan Chase & Co. acquired a new stake in WeRide during the 2nd quarter worth approximately $30,000. Blue Trust Inc. acquired a new stake in WeRide during the 1st quarter worth approximately $34,000. Leonteq Securities AG bought a new position in WeRide in the fourth quarter valued at approximately $36,000. Finally, Nykredit A S acquired a new position in shares of WeRide in the second quarter valued at approximately $57,000.

WeRide Stock Up 0.9%

Shares of NASDAQ:WRD opened at $5.75 on Friday. The company has a 50 day moving average of $5.89 and a 200-day moving average of $6.65. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.36 and a quick ratio of 5.00. WeRide has a one year low of $5.18 and a one year high of $12.55. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of -7.67 and a beta of 1.89.

WeRide (NASDAQ:WRD - Get Free Report) last posted its quarterly earnings results on Tuesday, June 30th. The company reported ($0.18) earnings per share for the quarter. The company had revenue of $34.11 million during the quarter. WeRide had a negative net margin of 199.09% and a negative return on equity of 24.12%. On average, sell-side analysts forecast that WeRide will post -0.67 earnings per share for the current year.

WeRide Company Profile

WeRide Inc NASDAQ: WRD is a developer of autonomous driving technology focused on providing Level 4 (L4) self-driving solutions for passenger mobility and logistics. The company's full-stack platform integrates sensors, computing hardware, software algorithms and vehicle controls to enable driverless taxis, shuttles and goods delivery vehicles. By combining perception, planning and controls in a turnkey system, WeRide aims to accelerate the commercialization of robotaxi services and autonomous fleet operations.

Founded in 2017 and headquartered in Guangzhou, China, WeRide maintains research and development centers in Silicon Valley and China.

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