Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Get Free Report)'s stock price dropped 3.3% during trading on Thursday . The company traded as low as $12.72 and last traded at $12.76. Approximately 1,295,771 shares were traded during trading, a decline of 83% from the average daily volume of 7,717,903 shares. The stock had previously closed at $13.19.
Pony AI Stock Performance
The stock's 50-day moving average price is $14.48 and its 200 day moving average price is $13.10.
Pony AI (NASDAQ:PONY - Get Free Report) last issued its earnings results on Tuesday, May 20th. The company reported ($0.12) EPS for the quarter. The firm had revenue of $13.98 million for the quarter. As a group, research analysts anticipate that Pony AI Inc. - Sponsored ADR will post -0.38 EPS for the current year.
Hedge Funds Weigh In On Pony AI
Hedge funds and other institutional investors have recently modified their holdings of the business. Pinpoint Asset Management Ltd bought a new position in shares of Pony AI during the fourth quarter valued at approximately $108,000. Keystone Investors PTE Ltd. bought a new position in shares of Pony AI during the first quarter valued at approximately $120,000. Barclays PLC bought a new position in shares of Pony AI during the fourth quarter valued at approximately $212,000. Goldman Sachs Group Inc. bought a new position in shares of Pony AI during the first quarter valued at approximately $139,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Pony AI during the first quarter valued at approximately $229,000.
Pony AI Company Profile
(
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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