WeRide Inc. (NASDAQ:WRD - Get Free Report) shares traded up 5.6% during trading on Monday . The stock traded as high as $10.42 and last traded at $10.39. 5,551,660 shares changed hands during mid-day trading, a decline of 25% from the average session volume of 7,359,688 shares. The stock had previously closed at $9.84.
Analysts Set New Price Targets
WRD has been the topic of several recent analyst reports. Wall Street Zen raised WeRide from a "sell" rating to a "hold" rating in a research note on Sunday, July 13th. UBS Group initiated coverage on WeRide in a research note on Monday, August 4th. They issued a "buy" rating and a $12.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, WeRide presently has a consensus rating of "Buy" and an average target price of $12.00.
Read Our Latest Analysis on WeRide
WeRide Trading Up 10.2%
The company has a 50-day simple moving average of $9.48 and a two-hundred day simple moving average of $10.03. The company has a current ratio of 11.03, a quick ratio of 10.55 and a debt-to-equity ratio of 0.01.
WeRide (NASDAQ:WRD - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported ($0.18) earnings per share for the quarter. The firm had revenue of $17.75 million for the quarter. WeRide had a negative net margin of 595.64% and a negative return on equity of 49.03%. As a group, analysts forecast that WeRide Inc. will post -0.68 earnings per share for the current year.
Institutional Trading of WeRide
Several large investors have recently bought and sold shares of WRD. Robert Bosch GmbH bought a new stake in shares of WeRide in the 2nd quarter worth approximately $32,424,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of WeRide in the 1st quarter worth approximately $40,315,000. FengHe Fund Management Pte. Ltd. bought a new stake in shares of WeRide in the 2nd quarter worth approximately $11,023,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of WeRide in the 1st quarter worth approximately $12,178,000. Finally, MY.Alpha Management HK Advisors Ltd bought a new stake in shares of WeRide in the 2nd quarter worth approximately $6,374,000.
About WeRide
(
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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