Shares of WeRide Inc. (NASDAQ:WRD - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 14,123,104 shares changed hands during trading, an increase of 118% from the previous session's volume of 6,464,510 shares.The stock last traded at $10.87 and had previously closed at $9.11.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised WeRide from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd.
Get Our Latest Stock Report on WRD
WeRide Price Performance
The firm's fifty day simple moving average is $9.61.
WeRide (NASDAQ:WRD - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The company reported ($0.18) EPS for the quarter. The firm had revenue of $9.98 million during the quarter. On average, sell-side analysts predict that WeRide Inc. will post -0.68 earnings per share for the current fiscal year.
WeRide announced that its Board of Directors has approved a share repurchase plan on Wednesday, May 21st that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company's board believes its shares are undervalued.
Institutional Investors Weigh In On WeRide
Institutional investors and hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC acquired a new stake in shares of WeRide during the 1st quarter valued at $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of WeRide during the 1st quarter valued at $40,315,000. OLD Mission Capital LLC acquired a new stake in shares of WeRide during the 1st quarter valued at $182,000. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of WeRide during the 1st quarter valued at $56,000. Finally, Virtu Financial LLC acquired a new stake in shares of WeRide during the 1st quarter valued at $723,000.
About WeRide
(
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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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