WeRide (NASDAQ:WRD) Shares Gap Down – Here’s What Happened

WeRide Inc. (NASDAQ:WRD)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $7.71, but opened at $7.19. WeRide shares last traded at $7.16, with a volume of 2,224,637 shares.

Key WeRide News

Here are the key news stories impacting WeRide this week:

• Positive Sentiment: WeRide reported Q1 2026 revenue of RMB114.1 million (US$16.5 million), up 57.6% year over year, driven by strong growth in robotaxi and other L4 vehicle sales. Article Title
• Positive Sentiment: The company’s global robotaxi fleet reached about 1,300 vehicles, with China operations crossing the 1,000-vehicle mark, signaling faster commercialization and broader adoption. Article Title
• Positive Sentiment: WeRide highlighted international expansion milestones, including public robotaxi service in Singapore, Dubai’s first fully driverless fare-charging robotaxi operation, and entry into Slovakia, which could expand the company’s long-term addressable market. Article Title
• Positive Sentiment: Management also cited strategic partnerships with Lenovo, Uber, Grab, and others, reinforcing the company’s push toward large-scale autonomous driving deployment. Article Title
• Neutral Sentiment: WeRide said it ended the quarter with about RMB6.2 billion (US$902.4 million) in cash and equivalents, giving it flexibility to fund growth, but it still posted a sizable quarterly loss. Article Title
• Negative Sentiment: Despite the stronger top line, WeRide reported a net loss of RMB389.1 million and continued heavy R&D spending, which remains a drag on profitability. Article Title
• Negative Sentiment: The company also disclosed a share buyback and updated treasury share position, but the filing does not appear large enough on its own to offset profitability concerns or materially change the investment thesis. Article Title

Analysts Set New Price Targets

WRD has been the subject of several research analyst reports. HSBC initiated coverage on WeRide in a research report on Tuesday, March 31st. They issued a “buy” rating and a $11.40 price objective for the company. BNP Paribas Exane initiated coverage on WeRide in a research report on Thursday, March 26th. They issued an “outperform” rating and a $11.00 price objective for the company. Wall Street Zen cut WeRide from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Zacks Research cut WeRide from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, The Goldman Sachs Group initiated coverage on WeRide in a research report on Thursday, April 16th. They issued a “buy” rating for the company. Seven analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, WeRide presently has a consensus rating of “Moderate Buy” and an average price target of $12.48.

WeRide Price Performance

The firm has a market cap of $2.41 billion, a PE ratio of -10.13 and a beta of 1.88. The business has a 50-day moving average price of $7.40 and a two-hundred day moving average price of $8.10.

WeRide (NASDAQ:WRD) last announced its quarterly earnings results on Tuesday, March 31st. The company reported ($0.17) earnings per share for the quarter. WeRide had a negative net margin of 228.47% and a negative return on equity of 24.69%. The firm had revenue of $16.55 million during the quarter. Equities analysts expect that WeRide Inc. will post -1.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC purchased a new position in shares of WeRide in the first quarter valued at $27,000. JPMorgan Chase & Co. acquired a new stake in shares of WeRide during the second quarter valued at $30,000. Blue Trust Inc. acquired a new stake in shares of WeRide during the first quarter valued at $34,000. Leonteq Securities AG acquired a new stake in shares of WeRide during the fourth quarter valued at $36,000. Finally, SBI Securities Co. Ltd. boosted 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 acquiring an additional 1,339 shares during the last quarter.

WeRide Company Profile

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.