WeRide Inc. (WRD) - What Are Researchers Thinking About This Stock?

Key Points

• Analyst sentiment is moderately bullish: WeRide has a “Moderate Buy” consensus, with seven buy ratings, two holds and one sell. The average 12-month price target is $10.35, though targets range from Barclays’ $4.00 to Morgan Stanley’s $12.00.
• The stock has declined significantly: Shares opened at $4.14, near the 12-month low of $4.03 and well below the 12-month high of $11.15. Its 50-day and 200-day moving averages stand at $5.22 and $6.54, respectively.
• WeRide remains unprofitable despite revenue: The company reported quarterly revenue of $34.11 million and a loss of $0.18 per share, while analysts expect a full-year loss of $0.67 per share. WeRide reported a negative net margin of 199.09% and negative return on equity of 24.12%.

Shares of WeRide Inc. (NASDAQ:WRD - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the ten ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $10.35.

Several equities analysts have recently commented on the stock. Bank of America restated a "buy" rating and set a $10.70 price target on shares of WeRide in a research report on Friday, August 14th. Weiss Ratings downgraded shares of WeRide from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Friday, October 9th. Barclays assumed coverage on shares of WeRide in a research note on Thursday, October 22nd. They set an "equal weight" rating and a $4.00 target price for the company. Wall Street Zen cut shares of WeRide from a "sell" rating to a "strong sell" rating in a research report on Saturday, October 24th. Finally, Morgan Stanley restated an "overweight" rating and issued a $12.00 price target on shares of WeRide in a research note on Wednesday, August 19th.

Institutional Trading of WeRide

Several large investors have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of WeRide during the third quarter valued at about $257,000. Green Alpha Advisors LLC acquired a new stake in WeRide in the third quarter worth about $421,000. Squarepoint Ops LLC acquired a new stake in WeRide in the second quarter worth about $517,000. Nykredit A S bought a new position in WeRide in the 2nd quarter valued at about $57,000. Finally, Concurrent Investment Advisors LLC grew its position in WeRide by 31.2% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 46,300 shares of the company's stock valued at $269,000 after buying an additional 11,000 shares in the last quarter.

WeRide Stock Down 5.0%

Shares of WeRide stock opened at $4.14 on Friday. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of -5.52 and a beta of 1.90. WeRide has a twelve month low of $4.03 and a twelve month high of $11.15. The company has a current ratio of 5.36, a quick ratio of 5.00 and a debt-to-equity ratio of 0.01. The business's 50 day simple moving average is $5.22 and its 200-day simple moving average is $6.54.

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

WeRide Company Profile

WeRide Inc is an autonomous driving technology company that develops and operates self-driving mobility and commercial vehicle solutions. Its technology is designed to support autonomous driving across multiple vehicle types and levels of automation, serving transportation, logistics and municipal applications.

The company's product portfolio includes robotaxis for passenger transportation, robobuses, autonomous vans and other mobility vehicles, as well as autonomous street-sweeping vehicles and related services.

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