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WeRide (NASDAQ:WRD) Sees Strong Trading Volume - Still a Buy?

WeRide logo with Auto/Tires/Trucks background

Shares of WeRide Inc. (NASDAQ:WRD - Get Free Report) saw an uptick in trading volume on Tuesday . 2,568,496 shares were traded during mid-day trading, an increase of 16% from the previous session's volume of 2,215,002 shares.The stock last traded at $6.66 and had previously closed at $6.65.

WeRide Price Performance

The stock has a fifty day moving average price of $12.87.

WeRide (NASDAQ:WRD - Get Free Report) last announced its quarterly earnings data on Friday, March 14th. The company reported ($0.29) earnings per share (EPS) for the quarter. The firm had revenue of $19.29 million during the quarter. Equities analysts expect that WeRide Inc. will post -0.68 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in WeRide stock. Concurrent Investment Advisors LLC bought a new stake in WeRide Inc. (NASDAQ:WRD - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,776 shares of the company's stock, valued at approximately $201,000.

WeRide Company Profile

(Get Free Report)

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.

Further Reading

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