Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $13.20, but opened at $12.70. Pony AI shares last traded at $12.42, with a volume of 2,109,573 shares changing hands.
Pony AI Price Performance
The firm's fifty day simple moving average is $14.25 and its 200 day simple moving average is $13.09.
Pony AI (NASDAQ:PONY - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The company reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $13.98 million during the quarter. As a group, equities research analysts anticipate that Pony AI Inc. - Sponsored ADR will post -0.38 EPS for the current year.
Institutional Investors Weigh In On Pony AI
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. acquired a new stake in Pony AI during the first quarter valued at $139,000. Lansforsakringar Fondforvaltning AB publ acquired a new stake in Pony AI in the first quarter valued at approximately $345,000. HITE Hedge Asset Management LLC increased its position in shares of Pony AI by 45.1% in the first quarter. HITE Hedge Asset Management LLC now owns 98,588 shares of the company's stock valued at $870,000 after buying an additional 30,654 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Pony AI by 47.8% during the 1st quarter. Wellington Management Group LLP now owns 1,991,811 shares of the company's stock valued at $17,568,000 after buying an additional 644,518 shares in the last quarter. Finally, Cresset Asset Management LLC purchased a new position in shares of Pony AI during the 1st quarter valued at approximately $441,000.
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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