WeRide Inc. ADR (NASDAQ:WRD) price on Thursday, May 22, fall -1.75% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $10.08.
A look at the stock’s price movement, the close in the last trading session was $10.26. Turning to its 52-week performance, $44.00 and $6.03 were the 52-week high and 52-week low respectively. Overall, WRD moved 38.08% over the past month.
WeRide Inc. ADR’s market cap currently stands at around $2.59 billion, with investors looking forward to this quarter’s earnings report slated for in June.
Wall Street analysts have also projected the company’s year-on-year revenue to grow to 840.05M, representing a 132.61% jump on that reported in the last financial year.
WRD’s current price about 21.93% and -7.30% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 54.65, while 7-day volatility ratio is 10.56% and 10.42% in the 30-day chart. Further, WeRide Inc. ADR (WRD) has a beta value of 0, and an average true range (ATR) of 1.25.
If we refocus on WeRide Inc. ADR (NASDAQ:WRD), historical trading data shows that trading volumes averaged 8.71 million over the past 3 months. The company’s latest data on shares outstanding shows there are 257.13 million shares.
The 2.01% of WeRide Inc. ADR’s shares are in the hands of company insiders while institutional holders own 1.87% of the company’s shares. Current price change has pushed the stock -28.91% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the WRD stock continues to rise going into the next quarter.
