Pony AI (NASDAQ:PONY - Get Free Report) released its quarterly earnings results on Tuesday. The company reported ($0.99) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.71), Zacks reports. The business had revenue of $48.34 million during the quarter, compared to the consensus estimate of $48.34 million.
Pony AI Trading Down 11.7 %
Pony AI stock traded down $1.19 during trading on Friday, hitting $8.97. The company's stock had a trading volume of 2,258,735 shares, compared to its average volume of 1,518,275. The stock has a fifty day moving average price of $14.39. Pony AI has a 1-year low of $8.83 and a 1-year high of $23.88.
Analyst Ratings Changes
A number of analysts recently commented on PONY shares. The Goldman Sachs Group began coverage on Pony AI in a research note on Monday, December 23rd. They set a "buy" rating and a $19.60 price objective on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Pony AI in a research note on Tuesday, January 14th. They set a "buy" rating and a $20.00 price target on the stock. Finally, Bank of America initiated coverage on shares of Pony AI in a research report on Monday, December 23rd. They issued a "buy" rating and a $18.00 price objective for the company.
View Our Latest Research Report on PONY
About Pony AI
(
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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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