WeRide Inc. (NASDAQ:WRD - Get Free Report)'s share price gapped up prior to trading on Wednesday . The stock had previously closed at $10.77, but opened at $11.21. WeRide shares last traded at $10.88, with a volume of 13,724,906 shares.
Analysts Set New Price Targets
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 Research Report on WeRide
WeRide Trading Down 2.6%
The business has a 50 day moving average of $9.61.
WeRide (NASDAQ:WRD - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The company reported ($0.18) EPS for the quarter. The company had revenue of $9.98 million for the quarter. As a group, equities research analysts predict that WeRide Inc. will post -0.68 earnings per share for the current year.
WeRide announced that its Board of Directors has initiated 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 buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.
Institutional Investors Weigh In On WeRide
Institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC bought a new position in shares of WeRide during the 1st quarter valued at $27,000. Gordian Capital Singapore Pte Ltd bought a new position in shares of WeRide during the 1st quarter valued at $56,000. OLD Mission Capital LLC bought a new position in shares of WeRide during the 1st quarter valued at $182,000. Concurrent Investment Advisors LLC bought a new position in shares of WeRide during the 1st quarter valued at $201,000. Finally, Virtu Financial LLC bought a new position in shares of WeRide during the 1st quarter valued at $723,000.
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.
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