WeRide Inc. (NASDAQ:WRD - Get Free Report) shares saw strong trading volume on Tuesday . 14,123,104 shares traded 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 Analysts Forecast Growth
Separately, Wall Street Zen raised shares of WeRide from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd.
Check Out Our Latest Report on WRD
WeRide Stock Performance
The firm has a 50 day simple moving average of $9.73.
WeRide (NASDAQ:WRD - Get Free Report) last announced its earnings results on Wednesday, May 21st. The company reported ($0.18) EPS for the quarter. The firm had revenue of $9.98 million for the quarter. As a group, research analysts expect that WeRide Inc. will post -0.68 earnings per share for the current fiscal year.
WeRide announced that its board has initiated a share buyback plan on Wednesday, May 21st that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its shares are undervalued.
Hedge Funds Weigh In On WeRide
Hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC acquired a new position in shares of WeRide during the 1st quarter valued at about $27,000. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of WeRide during the first quarter valued at about $56,000. OLD Mission Capital LLC purchased a new stake in WeRide during the 1st quarter worth approximately $182,000. Concurrent Investment Advisors LLC acquired a new stake in WeRide in the first quarter valued at $201,000. Finally, Virtu Financial LLC acquired a new stake in WeRide during the first quarter valued at approximately $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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