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

by · The Markets Daily

Shares of WeRide Inc. (NASDAQ:WRD – Get Free Report) have earned an average rating of “Moderate Buy” from the five analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $13.1250.

Several research firms have recently weighed in on WRD. Citigroup initiated coverage on shares of WeRide in a report on Monday, September 29th. They issued a “buy” rating and a $15.50 target price on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of WeRide in a research note on Monday, December 29th. Bank of America started coverage on shares of WeRide in a report on Monday, December 1st. They set a “buy” rating and a $12.00 price objective for the company. Finally, CLSA assumed coverage on WeRide in a report on Monday. They issued an “outperform” rating and a $13.00 target price on the stock.

View Our Latest Research Report on WeRide

WeRide Price Performance

Shares of NASDAQ WRD traded up $0.33 during mid-day trading on Monday, hitting $9.72. The company had a trading volume of 4,319,814 shares, compared to its average volume of 4,726,523. WeRide has a 12 month low of $6.03 and a 12 month high of $44.00. The firm has a market cap of $3.15 billion, a P/E ratio of -11.60 and a beta of 4.32. The business’s 50-day simple moving average is $8.74 and its 200-day simple moving average is $9.28.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WRD. NewEdge Advisors LLC bought a new position in WeRide during the 1st quarter worth approximately $27,000. SBI Securities Co. Ltd. boosted its position in shares of WeRide by 1,263.6% during the second quarter. SBI Securities Co. Ltd. now owns 3,559 shares of the company’s stock worth $28,000 after purchasing an additional 3,298 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of WeRide in the 2nd quarter valued at $30,000. Levin Capital Strategies L.P. bought a new stake in shares of WeRide in the 2nd quarter valued at $79,000. Finally, LMR Partners LLP bought a new stake in shares of WeRide in the 2nd quarter valued at $85,000.

WeRide Company Profile

(Get Free Report)

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.

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