Pony AI Inc. (NASDAQ:PONY - Get Free Report)'s share price was down 12.4% during mid-day trading on Monday . The company traded as low as $13.27 and last traded at $13.31. Approximately 2,494,958 shares were traded during trading, an increase of 74% from the average daily volume of 1,433,024 shares. The stock had previously closed at $15.20.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on PONY shares. Bank of America started coverage on shares of Pony AI in a research note on Monday, December 23rd. They set a "buy" rating and a $18.00 price target on the stock. The Goldman Sachs Group initiated coverage on shares of Pony AI in a research note on Monday, December 23rd. They set a "buy" rating and a $19.60 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Pony AI in a report on Tuesday, January 14th. They set a "buy" rating and a $20.00 price objective on the stock.
Read Our Latest Stock Report on Pony AI
Pony AI Trading Up 8.2 %
The business has a fifty day moving average price of $14.84.
Institutional Trading of Pony AI
Several large investors have recently modified their holdings of the business. Pinpoint Asset Management Ltd acquired a new stake in shares of Pony AI in the fourth quarter valued at approximately $108,000. Barclays PLC acquired a new stake in shares of Pony AI in the fourth quarter valued at approximately $212,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Pony AI in the fourth quarter valued at approximately $281,000. Walleye Capital LLC acquired a new stake in shares of Pony AI in the fourth quarter valued at approximately $402,000. Finally, Ovata Capital Management Ltd acquired a new stake in shares of Pony AI in the fourth quarter valued at approximately $538,000.
About Pony AI
(
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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