The trading price of WeRide Inc. ADR (NASDAQ:WRD) closed lower on Tuesday, June 17, and closing at $7.72, -5.39% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $44.00 and a 52-week low of $6.03. Over the past month, the stock has lost -11.62% in value.
WeRide Inc. ADR, whose market valuation is $2.06 billion at the time of this writing, is expected to release its quarterly earnings report in July. Investors’ optimism about the company’s current quarter earnings report is understandable.
A quick review shows that WRD’s price is currently -16.33% off the SMA20 and -11.99% off the SMA50. The RSI metric on the 14-day chart is currently showing 38.97, and weekly volatility stands at 5.22%. When measured over the past 30 days, the indicator reaches 7.18%. WeRide Inc. ADR (NASDAQ:WRD)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.89.
To see how WeRide Inc. ADR stock has been performing in comparison to its peers in the industry, here are the numbers: WRD stock’s performance was -5.39% in the latest trading.
An evaluation of the daily trading volume of WeRide Inc. ADR (NASDAQ:WRD) indicates that the 3-month average is 12.26 million.
Currently, records show that 266.26 million of the company’s shares remain outstanding. The insiders hold 2.01% of outstanding shares, whereas institutions hold 1.81%. However, since the stock’s price has seen -45.56% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
