WeRide Inc. (NASDAQ:WRD) Receives Consensus Recommendation of “Moderate Buy” from Analysts

WeRide Inc. (NASDAQ:WRD) has been given a consensus rating of “Moderate Buy” by the nine research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $12.4833.

WRD has been the topic of several recent analyst reports. Zacks Research lowered shares of WeRide from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. HSBC began coverage on shares of WeRide in a research note on Tuesday, March 31st. They issued a “buy” rating and a $11.40 price target on the stock. The Goldman Sachs Group began coverage on shares of WeRide in a research note on Thursday, April 16th. They issued a “buy” rating on the stock. Wall Street Zen raised shares of WeRide from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Finally, BNP Paribas Exane began coverage on shares of WeRide in a research note on Thursday, March 26th. They issued an “outperform” rating and a $11.00 price target on the stock.

WeRide Stock Performance

NASDAQ:WRD opened at $7.96 on Thursday. WeRide has a one year low of $6.01 and a one year high of $12.55. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of -10.61 and a beta of 1.77. The firm’s fifty day moving average is $7.63 and its two-hundred day moving average is $7.89.

WeRide (NASDAQ:WRD) last posted its quarterly earnings results on Tuesday, March 31st. The company reported ($0.17) EPS for the quarter. WeRide had a negative net margin of 228.47% and a negative return on equity of 24.18%. The business had revenue of $16.55 million during the quarter. As a group, equities research analysts predict that WeRide will post -0.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of WRD. NewEdge Advisors LLC acquired a new stake in shares of WeRide during the 1st quarter worth approximately $27,000. JPMorgan Chase & Co. acquired a new stake in shares of WeRide during the 2nd quarter worth approximately $30,000. First Trust Advisors LP acquired a new stake in shares of WeRide during the 2nd quarter worth approximately $98,000. Marshall Wace LLP acquired a new stake in shares of WeRide during the 2nd quarter worth approximately $326,000. Finally, Vienna Asset Management LLC acquired a new stake in shares of WeRide during the 2nd quarter worth approximately $1,128,000.

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.