WeRide Inc. (NASDAQ:WRD - Get Free Report) shares gapped up before the market opened 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 trading hands.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded shares of WeRide from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd.
Get Our Latest Stock Report on WeRide
WeRide Stock Performance
The business's 50-day 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 business had revenue of $9.98 million for the quarter. Equities research analysts forecast that WeRide Inc. will post -0.68 EPS for the current fiscal year.
WeRide declared that its Board of Directors has initiated a stock repurchase program on Wednesday, May 21st that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC acquired a new position in shares of WeRide during the first quarter worth $27,000. Gordian Capital Singapore Pte Ltd acquired a new position in shares of WeRide during the first quarter worth $56,000. OLD Mission Capital LLC acquired a new position in shares of WeRide during the first quarter worth $182,000. Concurrent Investment Advisors LLC acquired a new position in shares of WeRide during the first quarter worth $201,000. Finally, Virtu Financial LLC acquired a new position in shares of WeRide during the first quarter worth $723,000.
WeRide Company Profile
(
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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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