Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Get Free Report)'s stock price was up 13.3% on Tuesday . The company traded as high as $12.95 and last traded at $12.87. Approximately 4,279,034 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 7,366,423 shares. The stock had previously closed at $11.36.
Pony AI Stock Performance
The stock has a 50-day moving average price of $13.19 and a 200-day moving average price of $13.10.
Pony AI (NASDAQ:PONY - Get Free Report) last issued its earnings results on Tuesday, May 20th. The company reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $13.98 million for the quarter. As a group, research analysts predict that Pony AI Inc. - Sponsored ADR will post -0.38 EPS for the current year.
Institutional Investors Weigh In On Pony AI
Several institutional investors and hedge funds have recently bought and sold shares of PONY. Toyota Motor Corp acquired a new position in shares of Pony AI during the fourth quarter valued at $647,421,000. Ontario Teachers Pension Plan Board acquired a new stake in Pony AI in the fourth quarter worth about $310,559,000. IDG China Venture Capital Fund IV Associates L.P. bought a new position in Pony AI in the 4th quarter valued at about $144,973,000. IDG China Capital Fund III Associates L.P. bought a new position in Pony AI in the 4th quarter valued at about $93,700,000. Finally, Aspex Management HK Ltd acquired a new position in Pony AI during the 4th quarter valued at about $34,091,000.
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.
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