Shares of Pony AI Inc. (NASDAQ:PONY - Get Free Report) dropped 4% on Thursday . The company traded as low as $17.61 and last traded at $17.73. Approximately 2,733,095 shares were traded during trading, a decline of 57% from the average daily volume of 6,334,850 shares. The stock had previously closed at $18.46.
Pony AI Stock Performance
The firm's fifty day simple moving average is $11.15.
Pony AI (NASDAQ:PONY - Get Free Report) last announced 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. Research analysts predict that Pony AI Inc. will post -0.38 EPS for the current year.
Institutional Investors Weigh In On Pony AI
Several institutional investors have recently made changes to their positions in the stock. Pinpoint Asset Management Ltd purchased a new stake in shares of Pony AI in the 4th quarter worth about $108,000. Keystone Investors PTE Ltd. purchased a new stake in shares of Pony AI in the 1st quarter worth about $120,000. Goldman Sachs Group Inc. purchased a new stake in shares of Pony AI in the 1st quarter worth about $139,000. Barclays PLC purchased a new stake in shares of Pony AI in the 4th quarter worth about $212,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Pony AI in the 1st quarter worth about $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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