Pony AI (NASDAQ:PONY) Sets New 12-Month Low – What’s Next?
by Sarita Garza · The Markets DailyPony AI Inc. – Sponsored ADR (NASDAQ:PONY – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $7.93 and last traded at $7.94, with a volume of 4268748 shares changing hands. The stock had previously closed at $8.32.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the company. The Goldman Sachs Group set a $30.00 price target on Pony AI in a report on Thursday, April 16th. Weiss Ratings downgraded Pony AI from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 11th. Macquarie Infrastructure restated an “outperform” rating and set a $24.00 price objective on shares of Pony AI in a research report on Tuesday, May 26th. Barclays cut their price objective on shares of Pony AI from $15.00 to $10.00 and set an “equal weight” rating for the company in a research report on Monday, March 30th. Finally, Wall Street Zen downgraded shares of Pony AI from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Pony AI presently has an average rating of “Moderate Buy” and a consensus target price of $19.95.
View Our Latest Stock Analysis on Pony AI
Pony AI Price Performance
The company’s 50-day simple moving average is $9.57 and its 200-day simple moving average is $12.38. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of -22.05 and a beta of 3.83.
Pony AI (NASDAQ:PONY – Get Free Report) last issued its quarterly earnings data on Tuesday, May 26th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.03. The firm had revenue of $34.25 million during the quarter, compared to the consensus estimate of $22.30 million. Pony AI had a negative net margin of 128.22% and a negative return on equity of 17.13%. Research analysts expect that Pony AI Inc. – Sponsored ADR will post -0.67 earnings per share for the current year.
Institutional Investors Weigh In On Pony AI
Several institutional investors have recently made changes to their positions in the stock. Banque Cantonale Vaudoise boosted its stake in shares of Pony AI by 71.2% in the third quarter. Banque Cantonale Vaudoise now owns 3,662 shares of the company’s stock valued at $82,000 after buying an additional 1,523 shares during the period. Baader Bank Aktiengesellschaft boosted its stake in shares of Pony AI by 0.7% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 229,732 shares of the company’s stock valued at $3,330,000 after buying an additional 1,539 shares during the period. Money Concepts Capital Corp boosted its stake in shares of Pony AI by 2.1% in the fourth quarter. Money Concepts Capital Corp now owns 93,546 shares of the company’s stock valued at $1,356,000 after buying an additional 1,881 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Pony AI by 704.8% in the third quarter. Jones Financial Companies Lllp now owns 2,197 shares of the company’s stock valued at $47,000 after buying an additional 1,924 shares during the period. Finally, FNY Investment Advisers LLC bought a new stake in shares of Pony AI in the third quarter valued at approximately $50,000.
Pony AI Company Profile
Pony.ai develops autonomous driving technologies for passenger and goods transportation. The company offers an end-to-end self-driving stack that combines perception, planning and control systems with proprietary hardware and software. Pony.ai’s solutions support robotaxi services and advanced driver-assistance system (ADAS) deployments across urban and suburban environments.
Founded in late 2016 by James Peng and Sean Gong, Pony.ai operates research and development centers in Fremont, California, as well as in Guangzhou and Beijing, China.