WeRide Inc. (NASDAQ:WRD - Get Free Report) was the target of unusually large options trading activity on Tuesday. Stock investors bought 17,668 call options on the company. This is an increase of 137% compared to the typical daily volume of 7,467 call options.
WeRide Trading Up 7.6%
Shares of NASDAQ:WRD traded up $0.57 during trading hours on Tuesday, hitting $8.06. The company's stock had a trading volume of 13,087,744 shares, compared to its average volume of 14,100,259. The company's fifty day moving average is $8.53. WeRide has a 52 week low of $6.03 and a 52 week high of $44.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 13.10 and a current ratio of 13.60.
WeRide (NASDAQ:WRD - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The company reported ($0.18) EPS for the quarter. The company had revenue of $9.98 million for the quarter. Equities analysts anticipate that WeRide will post -0.68 EPS for the current fiscal year.
WeRide announced that its Board of Directors has approved a stock repurchase plan on Wednesday, May 21st that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded WeRide from a "sell" rating to a "hold" rating in a research note on Sunday, June 15th.
View Our Latest Analysis on WRD
Institutional Trading of WeRide
Institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC acquired a new stake in shares of WeRide in the first quarter worth $27,000. Gordian Capital Singapore Pte Ltd acquired a new position in WeRide during the first quarter worth $56,000. OLD Mission Capital LLC purchased a new stake in WeRide during the 1st quarter worth approximately $182,000. Concurrent Investment Advisors LLC acquired a new position in WeRide in the 1st quarter valued at $201,000. Finally, Virtu Financial LLC acquired a new stake in shares of WeRide in the first quarter valued at about $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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