Pony AI Inc. (NASDAQ:PONY - Get Free Report) shares 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 mid-day 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 Price Performance
The business has a 50-day moving average of $11.15.
Pony AI (NASDAQ:PONY - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The company reported ($0.12) earnings per share for the quarter. The company had revenue of $13.98 million during the quarter. On average, research analysts expect that Pony AI Inc. will post -0.38 earnings per share for the current year.
Hedge Funds Weigh In On Pony AI
A number of large investors have recently made changes to their positions in PONY. Pinpoint Asset Management Ltd acquired a new position in Pony AI during the fourth quarter worth about $108,000. Keystone Investors PTE Ltd. acquired a new stake in shares of Pony AI in the 1st quarter worth approximately $120,000. Barclays PLC acquired a new stake in shares of Pony AI in the 4th quarter worth approximately $212,000. Goldman Sachs Group Inc. purchased a new position in Pony AI in the 1st quarter valued at approximately $139,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Pony AI during the fourth quarter worth $281,000.
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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