Pony AI Inc. (NASDAQ:PONY - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $17.41, but opened at $18.55. Pony AI shares last traded at $19.35, with a volume of 3,881,036 shares.
Pony AI Price Performance
The stock has a 50 day moving average of $11.15.
Pony AI (NASDAQ:PONY - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The company reported ($0.12) earnings per share for the quarter. The business had revenue of $13.98 million during the quarter. Equities analysts anticipate that Pony AI Inc. will post -0.38 EPS for the current year.
Hedge Funds Weigh In On Pony AI
A number of large investors have recently bought and sold shares of PONY. Toyota Motor Corp acquired a new position in Pony AI during the 4th quarter worth approximately $647,421,000. Ontario Teachers Pension Plan Board acquired a new position in Pony AI during the 4th quarter worth approximately $310,559,000. IDG China Venture Capital Fund IV Associates L.P. acquired a new position in Pony AI during the 4th quarter worth approximately $144,973,000. IDG China Capital Fund III Associates L.P. acquired a new position in Pony AI during the 4th quarter worth approximately $93,700,000. Finally, Aspex Management HK Ltd acquired a new position in Pony AI during the 4th quarter worth approximately $34,091,000.
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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