WeRide Inc. ADR (NASDAQ:WRD) shares, rose in value, with the stock price up by 1.57% to the previous day’s close as strong demand from buyers drove the stock to $16.20.
Actively observing the price movement in the recent trading, the stock is buoying the session at $15.95. Referring to stock’s 52-week performance, its high was $44.00, and the low was $12.22. On the whole, WRD has fluctuated by 17.39% over the past month.
With the market capitalization of WeRide Inc. ADR currently standing at about $4.15 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April.
The stock’s technical analysis shows that the price of WRD currently trading nearly -25.24% and -4.96% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.61, while the 7-day volatility ratio is showing 12.09% which for the 30-day chart, stands at 15.14%. Furthermore, WeRide Inc. ADR (WRD)’s average true range (ATR) is 3.30.
Data on historical trading for WeRide Inc. ADR (NASDAQ:WRD) indicates that the trading volumes over the past 3 months, they’ve averaged 1.34 million. According to company’s latest data on outstanding shares, there are 256.22 million shares outstanding.
Nearly 4.44% of WeRide Inc. ADR’s shares belong to company insiders and institutional investors own 0.15% of the company’s shares. The stock has risen by 14.25% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WRD stock heading into the next quarter.
