Barclays assumed coverage on shares of WeRide (NASDAQ:WRD – Free Report) in a report issued on Thursday, MarketBeat reports. The firm issued an equal weight rating and a $4.00 price target on the stock.
Other equities analysts have also recently issued research reports about the stock. Morgan Stanley reissued an “overweight” rating and set a $12.00 target price on shares of WeRide in a research note on Wednesday, August 19th. Weiss Ratings downgraded shares of WeRide from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, October 9th. Bank of America reaffirmed a “buy” rating and issued a $10.70 price target on shares of WeRide in a research note on Friday, August 14th. Finally, Wall Street Zen cut shares of WeRide from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Seven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, WeRide currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.35.
Check Out Our Latest Research Report on WRD
WeRide Price Performance
Shares of WRD opened at $4.17 on Thursday. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of -5.56 and a beta of 1.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.00 and a current ratio of 5.36. WeRide has a one year low of $4.03 and a one year high of $12.13. The stock’s fifty day moving average is $5.39 and its 200-day moving average is $6.24.
WeRide (NASDAQ:WRD – Get Free Report) last issued its quarterly earnings data on Tuesday, June 30th. The company reported ($0.18) earnings per share for the quarter. The company had revenue of $34.11 million for the quarter. WeRide had a negative net margin of 199.09% and a negative return on equity of 24.12%. Equities analysts anticipate that WeRide will post -0.67 EPS for the current year.
Institutional Trading of WeRide
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Green Alpha Advisors LLC purchased a new stake in WeRide during the third quarter valued at about $421,000. Squarepoint Ops LLC acquired a new position in shares of WeRide in the second quarter worth about $517,000. Nykredit A S purchased a new position in shares of WeRide in the second quarter worth approximately $57,000. Concurrent Investment Advisors LLC increased its position in shares of WeRide by 31.2% in the second quarter. Concurrent Investment Advisors LLC now owns 46,300 shares of the company’s stock worth $269,000 after acquiring an additional 11,000 shares in the last quarter. Finally, Headlands Technologies LLC increased its position in shares of WeRide by 586.3% in the second quarter. Headlands Technologies LLC now owns 104,585 shares of the company’s stock worth $609,000 after acquiring an additional 89,347 shares in the last quarter.
WeRide Company Profile
WeRide Inc is an autonomous driving technology company that develops and operates self-driving mobility and commercial vehicle solutions. Its technology is designed to support autonomous driving across multiple vehicle types and levels of automation, serving transportation, logistics and municipal applications.
The company’s product portfolio includes robotaxis for passenger transportation, robobuses, autonomous vans and other mobility vehicles, as well as autonomous street-sweeping vehicles and related services.
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