Pony AI Inc. (NASDAQ:PONY - Get Free Report) shares fell 4.5% on Thursday . The stock traded as low as $12.17 and last traded at $12.55. 5,458,217 shares traded hands during mid-day trading, a decline of 24% from the average session volume of 7,175,771 shares. The stock had previously closed at $13.14.
Pony AI Stock Performance
The company's fifty day simple moving average is $11.65.
Pony AI (NASDAQ:PONY - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The company reported ($0.12) EPS for the quarter. The company had revenue of $13.98 million for the quarter. On average, equities research analysts anticipate that Pony AI Inc. will post -0.38 earnings per share for the current year.
Institutional Trading of Pony AI
Several institutional investors and hedge funds have recently bought and sold shares of PONY. Mirae Asset Global Investments Co. Ltd. bought a new position in Pony AI in the 4th quarter valued at about $281,000. Lingotto Investment Management LLP acquired a new position in Pony AI during the fourth quarter valued at approximately $17,220,000. Robeco Schweiz AG acquired a new stake in shares of Pony AI in the 4th quarter valued at $8,811,000. IDG China Capital Fund III Associates L.P. bought a new position in Pony AI in the fourth quarter valued at about $93,700,000. Finally, IDG China Venture Capital Fund IV Associates L.P. acquired a new stake in shares of Pony AI in the 4th quarter valued at approximately $144,973,000.
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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