Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $21.17, but opened at $22.46. Pony AI shares last traded at $23.09, with a volume of 5,089,900 shares changing hands.
Wall Street Analyst Weigh In
PONY has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Pony AI from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 16th. Daiwa America raised shares of Pony AI to a "strong-buy" rating in a research note on Sunday, July 27th. Citigroup started coverage on shares of Pony AI in a research report on Monday. They set a "buy" rating for the company. Daiwa Capital Markets initiated coverage on shares of Pony AI in a research report on Sunday, July 27th. They set an "outperform" rating for the company. Finally, UBS Group initiated coverage on Pony AI in a research note on Monday, August 4th. They issued a "buy" rating and a $20.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $19.40.
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Pony AI Stock Performance
The company has a 50 day simple moving average of $15.51 and a 200 day simple moving average of $13.24.
Pony AI (NASDAQ:PONY - Get Free Report) last issued its earnings results on Tuesday, August 12th. The company reported ($0.14) EPS for the quarter. The business had revenue of $21.45 million during the quarter. Sell-side analysts forecast that Pony AI Inc. - Sponsored ADR will post -0.38 EPS for the current year.
Institutional Trading of Pony AI
Several institutional investors have recently added to or reduced their stakes in the stock. CWM LLC bought a new position in shares of Pony AI during the 2nd quarter worth approximately $28,000. Daiwa Securities Group Inc. bought a new position in shares of Pony AI during the 2nd quarter worth approximately $64,000. Osaic Holdings Inc. bought a new position in shares of Pony AI during the 2nd quarter worth approximately $140,000. Keystone Investors PTE Ltd. acquired a new position in shares of Pony AI during the first quarter worth approximately $120,000. Finally, SBI Securities Co. Ltd. raised its position in shares of Pony AI by 776.4% during the second quarter. SBI Securities Co. Ltd. now owns 15,329 shares of the company's stock worth $202,000 after purchasing an additional 13,580 shares during the period.
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.
Further Reading
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