WeRide Target of Unusually High Options Trading (NASDAQ:WRD)

Key Points

• WeRide Inc. experienced a significant increase in options trading, with 12,829 call options acquired, marking a 66% rise from the average volume.
• Analysts have mixed opinions on WeRide, with Citigroup rating it as a "buy" with a $15.50 price target, while Weiss Ratings maintains a "sell" rating.
• Currently trading at $11.82, WeRide's stock has a market capitalization of $3.42 billion and has a 12-month price range between $6.03 and $44.00.

WeRide Inc. (NASDAQ:WRD - Get Free Report) saw unusually large options trading activity on Wednesday. Stock investors acquired 12,829 call options on the company. This is an increase of 66% compared to the average volume of 7,740 call options.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on WRD shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of WeRide in a research note on Saturday, September 27th. Citigroup began coverage on WeRide in a report on Monday, September 29th. They set a "buy" rating and a $15.50 price objective for the company. Wall Street Zen raised WeRide from a "sell" rating to a "hold" rating in a research report on Sunday, July 13th. Finally, UBS Group began coverage on WeRide in a research note on Monday, August 4th. They set a "buy" rating and a $12.00 price target for the company. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $13.75.

WeRide Stock Performance

Shares of NASDAQ:WRD traded up $0.77 during midday trading on Wednesday, reaching $11.82. 4,090,807 shares of the company traded hands, compared to its average volume of 7,550,365. WeRide has a 12 month low of $6.03 and a 12 month high of $44.00. The firm's fifty day moving average price is $9.81 and its two-hundred day moving average price is $9.50. The company has a quick ratio of 10.55, a current ratio of 11.03 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $3.42 billion and a price-to-earnings ratio of -4.24.

WeRide (NASDAQ:WRD - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported ($0.18) earnings per share for the quarter. WeRide had a negative net margin of 595.64% and a negative return on equity of 49.03%. The company had revenue of $17.75 million for the quarter. On average, equities analysts expect that WeRide will post -0.68 earnings per share for the current year.

Institutional Trading of WeRide

Hedge funds and other institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC bought a new position in WeRide in the 1st quarter valued at $27,000. SBI Securities Co. Ltd. boosted its stake in WeRide by 1,263.6% during the second quarter. SBI Securities Co. Ltd. now owns 3,559 shares of the company's stock valued at $28,000 after buying an additional 3,298 shares during the period. JPMorgan Chase & Co. purchased a new position in WeRide during the second quarter worth about $30,000. Gordian Capital Singapore Pte Ltd bought a new position in WeRide in the 1st quarter worth about $56,000. Finally, Levin Capital Strategies L.P. bought a new position in WeRide in the 2nd quarter worth about $79,000.

About WeRide

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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