Pony AI Inc. (NASDAQ:PONY - Get Free Report) shares fell 4.5% during trading on Thursday . The stock traded as low as $12.17 and last traded at $12.55. 5,458,217 shares were traded 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 Price Performance
The firm has a fifty day moving average price of $11.53.
Pony AI (NASDAQ:PONY - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The company reported ($0.12) EPS for the quarter. The firm had revenue of $13.98 million during the quarter. As a group, analysts expect that Pony AI Inc. will post -0.38 earnings per share for the current fiscal year.
Institutional Trading of Pony AI
Several large investors have recently modified their holdings of the business. Toyota Motor Corp bought a new stake in shares of Pony AI in the fourth quarter worth about $647,421,000. Ontario Teachers Pension Plan Board bought a new stake in shares of Pony AI in the 4th quarter worth approximately $310,559,000. IDG China Venture Capital Fund IV Associates L.P. bought a new stake in shares of Pony AI in the 4th quarter worth approximately $144,973,000. IDG China Capital Fund III Associates L.P. bought a new stake in shares of Pony AI in the 4th quarter worth approximately $93,700,000. Finally, Aspex Management HK Ltd bought a new stake in shares of Pony AI in the 4th quarter worth approximately $34,091,000.
About Pony AI
(
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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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