Pony AI Inc. - Sponsored ADR (NASDAQ:PONY - Get Free Report) shares rose 7.5% during trading on Tuesday . The stock traded as high as $14.23 and last traded at $13.84. Approximately 6,477,133 shares changed hands during trading, a decline of 16% from the average daily volume of 7,678,201 shares. The stock had previously closed at $12.88.
Pony AI Stock Performance
The stock's 50 day moving average is $14.31 and its two-hundred day moving average is $13.01.
Pony AI (NASDAQ:PONY - Get Free Report) last posted its earnings results on Tuesday, May 20th. The company reported ($0.12) earnings per share for the quarter. The company had revenue of $13.98 million during the quarter. As a group, analysts predict that Pony AI Inc. - Sponsored ADR will post -0.38 EPS for the current fiscal year.
Institutional Trading of Pony AI
Hedge funds have recently modified their holdings of the business. Toyota Motor Corp acquired a new stake in shares of Pony AI during the 4th quarter valued at approximately $647,421,000. Ontario Teachers Pension Plan Board purchased a new position in shares of Pony AI in the fourth quarter valued at $310,559,000. Aspex Management HK Ltd acquired a new position in shares of Pony AI during the 4th quarter worth $34,091,000. Carlyle Group Inc. purchased a new stake in shares of Pony AI in the 4th quarter worth about $33,901,000. Finally, Wellington Management Group LLP acquired a new stake in Pony AI in the 4th quarter valued at about $19,334,000.
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.
See Also
Before you consider Pony AI, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pony AI wasn't on the list.
While Pony AI currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access