WeRide (WRD, Financial), a company specializing in autonomous driving technology, experienced a significant stock price decline of 5.11%. The stock is currently trading at $13.18 per share with a trading volume of 64,830 shares and a turnover rate of 0.02%. The company's recent financial report reveals an operating revenue of $9.77 million, a net loss of $145 million, and an earnings per share (EPS) of -$2.06. The gross profit stands at $636,744.93, with a price-to-earnings (P/E) ratio of -11.05.
Despite the downturn, 100% of the analysts from the single institution covering the stock have given it a buy rating, with no hold or sell recommendations. The automotive manufacturing sector, where WeRide operates, saw an overall decline of 1.10%.
In contrast, other related stocks in the sector, such as Srivaru Holding Limited and Gogoro Inc, showed significant gains. Stocks like Mullen Automotive, Faraday Future, and Canoo were notably active, with turnover rates of 88.05%, 77.74%, and 19.15% respectively. Srivaru Holding Limited also exhibited a high volatility of 93.75%, followed by Canoo Inc and Faraday Future with volatilities of 32.28% and 27.41% respectively.
WeRide is engaged in developing a universal autonomous driving technology platform that integrates full-stack software algorithms, modular hardware solutions, and cloud-based infrastructure. It offers a range of autonomous driving products and services, including Robotaxi, Robobus, Robovan, and Robosweeper, primarily serving the Chinese market.
