Shares of Pony AI Inc. (NASDAQ:PONY - Get Free Report) reached a new 52-week low during trading on Tuesday . The stock traded as low as $8.33 and last traded at $8.82, with a volume of 1934564 shares traded. The stock had previously closed at $8.97.
Wall Street Analysts Forecast Growth
PONY has been the topic of several analyst reports. The Goldman Sachs Group began coverage on shares of Pony AI in a report on Monday, December 23rd. They issued a "buy" rating and a $19.60 target price on the stock. Bank of America initiated coverage on Pony AI in a report on Monday, December 23rd. They issued a "buy" rating and a $18.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Pony AI in a research note on Tuesday, January 14th. They set a "buy" rating and a $20.00 target price for the company.
Read Our Latest Research Report on PONY
Pony AI Stock Performance
The company's 50 day moving average price is $13.94.
Institutional Investors Weigh In On Pony AI
Several institutional investors have recently modified their holdings of PONY. Mirae Asset Global Investments Co. Ltd. acquired a new position in Pony AI during the fourth quarter worth $281,000. Neumann Advisory Hong Kong Ltd purchased a new stake in shares of Pony AI in the 4th quarter worth about $14,808,000. Matthews International Capital Management LLC purchased a new stake in shares of Pony AI in the 4th quarter worth about $1,654,000. Robeco Schweiz AG acquired a new stake in Pony AI in the 4th quarter valued at about $8,811,000. Finally, IDG China Capital Fund III Associates L.P. purchased a new position in Pony AI during the 4th quarter valued at about $93,700,000.
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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