WeRide Inc. (NASDAQ:WRD - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $9.10, but opened at $9.63. WeRide shares last traded at $9.73, with a volume of 3,857,985 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded shares of WeRide from a "sell" rating to a "hold" rating in a research note on Sunday, July 13th.
View Our Latest Research Report on WeRide
WeRide Price Performance
The company has a current ratio of 13.60, a quick ratio of 13.10 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average price of $8.76.
WeRide (NASDAQ:WRD - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The company reported ($0.18) earnings per share for the quarter. The company had revenue of $9.98 million during the quarter. On average, equities analysts anticipate that WeRide Inc. will post -0.68 EPS for the current year.
WeRide declared that its Board of Directors has approved a share repurchase program on Wednesday, May 21st that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.
Institutional Trading of WeRide
Institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC acquired a new position in shares of WeRide during the first quarter valued at $27,000. Gordian Capital Singapore Pte Ltd bought a new stake in shares of WeRide in the first quarter worth about $56,000. OLD Mission Capital LLC bought a new position in shares of WeRide during the first quarter worth about $182,000. Concurrent Investment Advisors LLC bought a new position in shares of WeRide during the first quarter worth about $201,000. Finally, Virtu Financial LLC bought a new position in shares of WeRide during the first quarter worth about $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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