WeRide (NASDAQ:WRD) Stock Price Up 7.3% - What's Next?

Key Points

• Shares rose 7.3%, trading as high as $6.79 and last at $6.748 on Tuesday, with volume of about 1.81M shares—down ~51% from the average session volume.
• Analyst sentiment is mixed-to-positive: four Buy ratings and one Sell give an average rating of “Moderate Buy” and an average price target of $13.13 (notable covers: CLSA $13, BofA $12, Weiss sell).
• WeRide develops Level‑4 autonomous driving systems; the stock has a $2.25B market cap, a negative PE (-8.26) and high beta (4.35), and currently trades below its 50‑day ($8.08) and 200‑day ($9.00) moving averages.

Shares of WeRide Inc. (NASDAQ:WRD - Get Free Report) traded up 7.3% during trading on Tuesday . The stock traded as high as $6.79 and last traded at $6.7480. 1,811,514 shares were traded during mid-day trading, a decline of 51% from the average session volume of 3,661,143 shares. The stock had previously closed at $6.29.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Weiss Ratings reissued a "sell (d-)" rating on shares of WeRide in a research note on Monday, December 29th. CLSA initiated coverage on WeRide in a report on Monday, January 5th. They issued an "outperform" rating and a $13.00 price target for the company. Citigroup reiterated a "buy" rating on shares of WeRide in a report on Monday, January 19th. Finally, Bank of America began coverage on shares of WeRide in a research note on Monday, December 1st. They set a "buy" rating and a $12.00 price target on the stock. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, WeRide currently has an average rating of "Moderate Buy" and an average target price of $13.13.

WeRide Trading Up 10.3%

The stock has a market capitalization of $2.25 billion, a PE ratio of -8.26 and a beta of 4.35. The business's 50-day moving average is $8.08 and its two-hundred day moving average is $9.00.

Institutional Investors Weigh In On WeRide

Several hedge funds have recently modified their holdings of WRD. SBI Securities Co. Ltd. raised its stake in shares of WeRide by 37.6% during the third quarter. SBI Securities Co. Ltd. now owns 4,898 shares of the company's stock valued at $48,000 after purchasing an additional 1,339 shares during the period. NewEdge Advisors LLC acquired a new stake in WeRide during the 1st quarter valued at $27,000. First Trust Advisors LP grew its holdings in WeRide by 16.4% during the 4th quarter. First Trust Advisors LP now owns 18,632 shares of the company's stock valued at $162,000 after purchasing an additional 2,627 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in WeRide during the 2nd quarter worth $30,000. Finally, Concurrent Investment Advisors LLC boosted its position in WeRide by 11.0% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 40,250 shares of the company's stock valued at $398,000 after buying an additional 3,975 shares during the last quarter.

About WeRide

WeRide Inc NASDAQ: WRD is a developer of autonomous driving technology focused on providing Level 4 (L4) self-driving solutions for passenger mobility and logistics. The company's full-stack platform integrates sensors, computing hardware, software algorithms and vehicle controls to enable driverless taxis, shuttles and goods delivery vehicles. By combining perception, planning and controls in a turnkey system, WeRide aims to accelerate the commercialization of robotaxi services and autonomous fleet operations.

Founded in 2017 and headquartered in Guangzhou, China, WeRide maintains research and development centers in Silicon Valley and China.

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