WeRide (NASDAQ:WRD) Stock Price Up 7.7% - Should You Buy?

Key Points

• WeRide shares rose 7.7% to $4.46, though trading volume was 79% below the average session level. The stock remains below its 50-day and 200-day moving averages of $5.22 and $6.54.
• Analyst sentiment is mixed but leans positive: seven analysts rate the stock Buy, two rate it Hold and one rates it Sell, producing a consensus “Moderate Buy” rating and an average price target of $10.35.
• WeRide reported a quarterly loss of $0.18 per share on $34.11 million in revenue, with a negative net margin of 199.09%. The autonomous-driving company has strong liquidity, including a 5.00 quick ratio and minimal debt, but analysts expect a full-year loss.

Shares of WeRide Inc. (NASDAQ:WRD - Get Free Report) rose 7.7% during trading on Monday. The stock traded as high as $4.45 and last traded at $4.46. Approximately 686,538 shares changed hands during trading, a decline of 79% from the average session volume of 3,268,058 shares. The stock had previously closed at $4.14.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on WRD. Wall Street Zen cut WeRide from a "sell" rating to a "strong sell" rating in a report on Saturday, October 24th. Bank of America reissued a "buy" rating and set a $10.70 price objective on shares of WeRide in a report on Friday, August 14th. Barclays assumed coverage on shares of WeRide in a research report on Thursday, October 22nd. They issued an "equal weight" rating and a $4.00 price objective for the company. Weiss Ratings downgraded shares of WeRide from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Friday, October 9th. Finally, Morgan Stanley reiterated an "overweight" rating and set a $12.00 target price on shares of WeRide in a research report on Wednesday, August 19th. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, WeRide currently has a consensus rating of "Moderate Buy" and an average price target of $10.35.

WeRide Trading Up 5.0%

The company has a quick ratio of 5.00, a current ratio of 5.36 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.35 billion, a P/E ratio of -5.79 and a beta of 2.02. The business has a 50-day moving average price of $5.22 and a two-hundred day moving average price of $6.54.

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

Institutional Investors Weigh In On WeRide

Institutional investors and hedge funds have recently modified their holdings of the business. Nykredit A S bought a new position in WeRide in the second quarter valued at approximately $57,000. SG Americas Securities LLC bought a new stake in shares of WeRide during the 1st quarter valued at $136,000. Royal Bank of Canada raised its position in shares of WeRide by 11.4% during the 1st quarter. Royal Bank of Canada now owns 17,288 shares of the company's stock valued at $140,000 after acquiring an additional 1,768 shares during the last quarter. Hollencrest Capital Management acquired a new position in shares of WeRide in the 1st quarter valued at $152,000. Finally, First Trust Advisors LP lifted its stake in shares of WeRide by 24.9% in the 1st quarter. First Trust Advisors LP now owns 23,278 shares of the company's stock valued at $188,000 after purchasing an additional 4,646 shares during the period.

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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