Pony AI (NASDAQ:PONY) Shares Down 6.5% - Here's Why

Key Points

• Pony AI's stock dropped by 6.5% to $13.83, with a significant decline in trading volume, highlighting decreased investor interest.
• Analysts show optimism about Pony AI, with Daiwa Capital Markets rating the stock as "outperform" and a consensus target price of $19.20.
• The company recently reported a quarterly loss of ($0.12) earnings per share along with $13.98 million in revenue, with expectations for a full-year EPS of -0.38.

Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Get Free Report) fell 6.5% on Tuesday . The stock traded as low as $13.66 and last traded at $13.83. 4,330,918 shares were traded during mid-day trading, a decline of 45% from the average session volume of 7,913,453 shares. The stock had previously closed at $14.79.

Analysts Set New Price Targets

Several research firms have recently weighed in on PONY. Daiwa Capital Markets began coverage on Pony AI in a research note on Sunday, July 27th. They issued an "outperform" rating on the stock. Daiwa America raised Pony AI to a "strong-buy" rating in a research note on Sunday, July 27th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $19.20.

Pony AI Stock Down 3.0%

The firm has a 50 day moving average price of $13.80 and a two-hundred day moving average price of $12.99.

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 company had revenue of $13.98 million during the quarter. Sell-side analysts anticipate that Pony AI Inc. - Sponsored ADR will post -0.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pony AI

Several hedge funds have recently modified their holdings of PONY. Toyota Motor Corp purchased a new stake in shares of Pony AI during the 4th quarter valued at about $647,421,000. Ontario Teachers Pension Plan Board purchased a new stake in Pony AI during the 4th quarter worth approximately $310,559,000. Aspex Management HK Ltd purchased a new stake in Pony AI during the 4th quarter worth approximately $34,091,000. Carlyle Group Inc. purchased a new stake in Pony AI during the 4th quarter worth approximately $33,901,000. Finally, Wellington Management Group LLP purchased a new stake in Pony AI during the 4th quarter worth approximately $19,334,000.

About Pony AI

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.