WeRide (NASDAQ:WRD) Earns "Sell (D-)" Rating from Weiss Ratings

Key Points

• WeRide (NASDAQ:WRD) received a "Sell (D-)" rating from Weiss Ratings, indicating analysts' pessimism about its future performance.
• Despite the negative rating from Weiss Ratings, other analysts have given WeRide a "buy" rating with targets of $12.00 from UBS Group and $15.50 from Citigroup.
• WeRide's stock has recently surged by 9.6%, reaching a trading price of $12.12, despite its significant earnings losses and high negative margin reported for the last quarter.

WeRide (NASDAQ:WRD - Get Free Report)'s stock had its "sell (d-)" rating reiterated by analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Several other research analysts also recently commented on the company. UBS Group assumed coverage on WeRide in a report on Monday, August 4th. They set a "buy" rating and a $12.00 price objective on the stock. Citigroup assumed coverage on WeRide in a report on Monday, September 29th. They issued a "buy" rating and a $15.50 price target on the stock. Finally, Wall Street Zen upgraded WeRide from a "sell" rating to a "hold" rating in a report on Sunday, July 13th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, WeRide has an average rating of "Hold" and an average target price of $13.75.

WeRide Trading Up 9.6%

Shares of NASDAQ:WRD traded up $1.07 during trading on Wednesday, hitting $12.12. The company had a trading volume of 9,005,999 shares, compared to its average volume of 7,578,924. The stock has a market cap of $3.50 billion and a price-to-earnings ratio of -4.35. WeRide has a one year low of $6.03 and a one year high of $44.00. The company has a fifty day simple moving average of $9.81 and a two-hundred day simple moving average of $9.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 11.03 and a quick ratio of 10.55.

WeRide (NASDAQ:WRD - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported ($0.18) earnings per share (EPS) for the quarter. WeRide had a negative return on equity of 49.03% and a negative net margin of 595.64%.The business had revenue of $17.75 million for the quarter. As a group, equities analysts forecast that WeRide will post -0.68 earnings per share for the current year.

Institutional Trading of WeRide

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in WeRide during the 1st quarter worth about $40,315,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of WeRide in the 1st quarter valued at about $12,178,000. Virtu Financial LLC acquired a new position in shares of WeRide in the 1st quarter valued at about $723,000. Concurrent Investment Advisors LLC acquired a new position in shares of WeRide in the 1st quarter valued at about $201,000. Finally, FengHe Fund Management Pte. Ltd. acquired a new position in shares of WeRide in the 2nd quarter valued at about $11,023,000.

WeRide Company Profile

WeRide, Inc engages in the development of an autonomous driving technology platform. It offers Robotaxi, Robobus, Robovan, Robosweeper, and advanced driving solutions, providing smart services in online ride-hailing, on-demand transport, urban logistics, and environmental sanitation. The company was founded by Tony Xu Han and Yan Li in February 2017 and is headquartered in Guangzhou, China.

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