WeRide (NASDAQ:WRD) Hits New 12-Month Low – Should You Sell?

WeRide Inc. (NASDAQ:WRD) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as $5.90 and last traded at $5.8270, with a volume of 118452 shares traded. The stock had previously closed at $6.03.

Wall Street Analyst Weigh In

Several research firms recently issued reports on WRD. Weiss Ratings upgraded WeRide from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday. HSBC assumed coverage on WeRide in a report on Tuesday, March 31st. They set a “buy” rating and a $11.40 target price for the company. The Goldman Sachs Group started coverage on WeRide in a research report on Thursday, April 16th. They issued a “buy” rating for the company. BNP Paribas Exane began coverage on shares of WeRide in a research note on Thursday, March 26th. They set an “outperform” rating and a $11.00 price target on the stock. Finally, Wall Street Zen raised shares of WeRide from a “sell” rating to a “hold” rating in a research report on Sunday. Seven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $12.48.

WeRide Stock Down 2.4%

The business has a 50-day moving average price of $7.32 and a two-hundred day moving average price of $7.77. The firm has a market cap of $1.84 billion, a PE ratio of -7.85 and a beta of 1.77.

WeRide (NASDAQ:WRD) last announced its quarterly earnings data on Tuesday, March 31st. The company reported ($0.17) earnings per share (EPS) for the quarter. The company had revenue of $16.55 million during the quarter. WeRide had a negative net margin of 228.47% and a negative return on equity of 24.18%. On average, equities research analysts predict that WeRide Inc. will post -0.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On WeRide

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC purchased a new stake in shares of WeRide during the first quarter worth approximately $27,000. JPMorgan Chase & Co. acquired a new stake in WeRide in the second quarter valued at approximately $30,000. Blue Trust Inc. purchased a new position in WeRide in the first quarter worth approximately $34,000. Leonteq Securities AG acquired a new position in WeRide during the 4th quarter worth approximately $36,000. Finally, Daiwa Securities Group Inc. acquired a new position in WeRide during the 4th quarter worth 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.