Pony AI (NASDAQ:PONY) Shares Down 6.5% - What's Next?

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) shares were down 6.5% on Tuesday . The company traded as low as $13.66 and last traded at $13.83. Approximately 4,330,918 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 7,913,453 shares. The stock had previously closed at $14.79.

Analyst Ratings Changes

Several equities analysts recently weighed in on PONY shares. Daiwa Capital Markets started coverage on shares of Pony AI in a report on Sunday. They set an "outperform" rating on the stock. Daiwa America raised shares of Pony AI to a "strong-buy" rating in a research note on Sunday. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $19.20.

Pony AI Stock Down 7.0%

The business's 50 day moving average price is $14.20 and its two-hundred day moving average price is $13.00.

Pony AI (NASDAQ:PONY - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The company reported ($0.12) earnings per share for the quarter. The business had revenue of $13.98 million for the quarter. Research analysts anticipate that Pony AI Inc. - Sponsored ADR will post -0.38 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Toyota Motor Corp bought a new stake in shares of Pony AI during the 4th quarter worth $647,421,000. Ontario Teachers Pension Plan Board acquired a new stake in Pony AI in the 4th quarter valued at about $310,559,000. Aspex Management HK Ltd bought a new position in Pony AI during the 4th quarter worth approximately $34,091,000. Carlyle Group Inc. bought a new stake in shares of Pony AI in the fourth quarter worth $33,901,000. Finally, Wellington Management Group LLP grew its stake in shares of Pony AI by 47.8% in the first quarter. Wellington Management Group LLP now owns 1,991,811 shares of the company's stock valued at $17,568,000 after acquiring an additional 644,518 shares in the last quarter.

Pony AI Company Profile

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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