Pony AI Inc. (NASDAQ:PONY - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $18.49 and last traded at $18.31, with a volume of 3040961 shares. The stock had previously closed at $16.54.
Analysts Set New Price Targets
A number of analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Pony AI in a research report on Tuesday, January 14th. They set a "buy" rating and a $20.00 target price for the company. The Goldman Sachs Group began coverage on shares of Pony AI in a research report on Monday, December 23rd. They issued a "buy" rating and a $19.60 price objective for the company. Finally, Bank of America assumed coverage on shares of Pony AI in a report on Monday, December 23rd. They set a "buy" rating and a $18.00 target price on the stock.
Check Out Our Latest Stock Report on PONY
Pony AI Price Performance
The company's 50-day moving average is $14.39.
Institutional Trading of Pony AI
Institutional investors and hedge funds have recently bought and sold shares of the company. Pinpoint Asset Management Ltd bought a new stake in shares of Pony AI in the 4th quarter valued at approximately $108,000. Barclays PLC bought a new stake in Pony AI during the fourth quarter valued at $212,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Pony AI during the fourth quarter valued at $281,000. Walleye Capital LLC bought a new position in shares of Pony AI in the 4th quarter worth about $402,000. Finally, Ovata Capital Management Ltd bought a new position in shares of Pony AI in the 4th quarter worth about $538,000.
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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