Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as $24.19 and last traded at $23.79, with a volume of 1270631 shares changing hands. The stock had previously closed at $23.02.
Analysts Set New Price Targets
PONY has been the topic of several research reports. Daiwa America upgraded Pony AI to a "strong-buy" rating in a research report on Sunday, July 27th. UBS Group initiated coverage on Pony AI in a research report on Monday, August 4th. They issued a "buy" rating and a $20.00 target price on the stock. Wall Street Zen upgraded Pony AI from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 16th. Citigroup initiated coverage on Pony AI in a research report on Monday. They issued a "buy" rating on the stock. Finally, Daiwa Capital Markets initiated coverage on Pony AI in a research report on Sunday, July 27th. They issued an "outperform" rating on the stock. One research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $19.40.
View Our Latest Research Report on PONY
Pony AI Price Performance
The firm has a fifty day moving average of $16.04 and a 200 day moving average of $13.43.
Pony AI (NASDAQ:PONY - Get Free Report) last posted its earnings results on Tuesday, August 12th. The company reported ($0.14) earnings per share (EPS) for the quarter. The business had revenue of $21.45 million during the quarter. Research analysts forecast that Pony AI Inc. - Sponsored ADR will post -0.38 EPS for the current year.
Institutional Investors Weigh In On Pony AI
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CWM LLC acquired a new stake in Pony AI during the second quarter worth $28,000. Daiwa Securities Group Inc. acquired a new stake in Pony AI during the second quarter worth $64,000. Osaic Holdings Inc. acquired a new stake in Pony AI during the second quarter worth $140,000. Keystone Investors PTE Ltd. acquired a new stake in shares of Pony AI in the first quarter valued at $120,000. Finally, SBI Securities Co. Ltd. grew its stake in shares of Pony AI by 776.4% in the second quarter. SBI Securities Co. Ltd. now owns 15,329 shares of the company's stock valued at $202,000 after buying an additional 13,580 shares in the last quarter.
About Pony AI
(
Get Free Report)
Pony AI Inc, through its subsidiaries, engages in the autonomous mobility principally in the People's Republic of China and the United States. The company provides robotruck services, such as transportation services to the logistics platforms. Pony AI Inc is based in Guangzhou, the People's Republic of China.
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