Pony AI Inc. (NASDAQ:PONY - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 7,833,982 shares traded hands during trading, an increase of 19% from the previous session's volume of 6,610,729 shares.The stock last traded at $17.03 and had previously closed at $19.26.
Pony AI Price Performance
The business has a 50 day moving average price of $11.53.
Pony AI (NASDAQ:PONY - Get Free Report) last posted its quarterly earnings results on Tuesday, May 20th. The company reported ($0.12) EPS for the quarter. The company had revenue of $13.98 million for the quarter. On average, research analysts forecast that Pony AI Inc. will post -0.38 EPS for the current fiscal year.
Hedge Funds Weigh In On Pony AI
Hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. acquired a new stake in Pony AI in the 1st quarter valued at $139,000. Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of Pony AI in the first quarter valued at about $345,000. HITE Hedge Asset Management LLC raised its holdings in shares of Pony AI by 45.1% during the 1st quarter. HITE Hedge Asset Management LLC now owns 98,588 shares of the company's stock valued at $870,000 after buying an additional 30,654 shares during the period. Wellington Management Group LLP lifted its position in Pony AI by 47.8% during the 1st quarter. Wellington Management Group LLP now owns 1,991,811 shares of the company's stock worth $17,568,000 after acquiring an additional 644,518 shares in the last quarter. Finally, Cresset Asset Management LLC purchased a new position in Pony AI in the 1st quarter worth approximately $441,000.
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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