WeRide Inc. (NASDAQ:WRD) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of WeRide Inc. (NASDAQ:WRD) have earned a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $12.32.

WRD has been the subject of several research reports. Wall Street Zen lowered WeRide from a “hold” rating to a “sell” rating in a research report on Saturday. Bank of America reiterated a “buy” rating and set a $10.70 target price on shares of WeRide in a research note on Friday. Zacks Research lowered shares of WeRide from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings lowered shares of WeRide from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, August 12th.

WeRide Stock Performance

Shares of NASDAQ:WRD opened at $6.08 on Tuesday. The business’s 50-day simple moving average is $5.90 and its 200 day simple moving average is $6.87. The company has a market cap of $1.89 billion, a P/E ratio of -8.11 and a beta of 1.89. 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 $5.18 and a one year high of $12.55.

WeRide (NASDAQ:WRD) last posted its quarterly earnings data on Tuesday, June 30th. The company reported ($0.18) EPS 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%. On average, sell-side analysts forecast that WeRide will post -0.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On WeRide

Large investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC acquired a new position in shares of WeRide during the first quarter valued at $27,000. JPMorgan Chase & Co. bought a new stake in WeRide in the 2nd quarter valued at about $30,000. Leonteq Securities AG acquired a new position in WeRide during the 4th quarter valued at about $36,000. Blue Trust Inc. bought a new position in WeRide in the 1st quarter worth about $34,000. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of WeRide in the fourth quarter valued at approximately $65,000.

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.