Shares of Pony AI Inc. (NASDAQ:PONY - Get Free Report) hit a new 52-week low on Monday . The stock traded as low as $5.82 and last traded at $5.96, with a volume of 276822 shares traded. The stock had previously closed at $6.41.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on the company. The Goldman Sachs Group assumed coverage on shares of Pony AI in a research note on Monday, December 23rd. They issued a "buy" rating and a $19.60 price target on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Pony AI in a research report on Tuesday, January 14th. They issued a "buy" rating and a $20.00 target price on the stock. Finally, Bank of America started coverage on shares of Pony AI in a research report on Monday, December 23rd. They set a "buy" rating and a $18.00 price target for the company.
Get Our Latest Stock Analysis on Pony AI
Pony AI Price Performance
The business's 50 day simple moving average is $12.80.
Hedge Funds Weigh In On Pony AI
Several hedge funds and other institutional investors have recently modified their holdings of PONY. Renaissance Capital LLC purchased a new position in Pony AI during the first quarter worth approximately $352,000. Wellington Management Group LLP acquired a new position in Pony AI during the fourth quarter worth $19,334,000. Woodline Partners LP purchased a new position in Pony AI during the 4th quarter valued at about $2,206,000. Squarepoint Ops LLC purchased a new position in shares of Pony AI in the fourth quarter valued at approximately $691,000. Finally, Toyota Motor Corp purchased a new position in Pony AI in the 4th quarter valued at approximately $647,421,000.
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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