Pony AI Inc. (NASDAQ:PONY - Get Free Report) hit a new 52-week low during trading on Monday . The stock traded as low as $4.26 and last traded at $4.30, with a volume of 164419 shares traded. The stock had previously closed at $4.48.
Analysts Set New Price Targets
Separately, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Pony AI in a research report on Tuesday, January 14th. They set a "buy" rating and a $20.00 price target for the company.
Read Our Latest Analysis on PONY
Pony AI Trading Up 7.1 %
The firm's 50-day moving average is $11.04.
Institutional Investors Weigh In On Pony AI
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Neumann Advisory Hong Kong Ltd purchased a new stake in Pony AI in the 4th quarter valued at about $14,808,000. Matthews International Capital Management LLC purchased a new stake in Pony AI in the fourth quarter valued at approximately $1,654,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Pony AI during the fourth quarter worth approximately $281,000. Lingotto Investment Management LLP acquired a new stake in shares of Pony AI during the 4th quarter worth $17,220,000. Finally, Robeco Schweiz AG purchased a new position in shares of Pony AI in the 4th quarter worth $8,811,000.
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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