Pony AI Inc. (NASDAQ:PONY - Get Free Report) shares traded down 3.5% during mid-day trading on Tuesday . The company traded as low as $6.26 and last traded at $6.31. 248,111 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 1,586,975 shares. The stock had previously closed at $6.54.
Wall Street Analyst Weigh In
PONY has been the subject of several research analyst reports. Bank of America began coverage on Pony AI in a research note on Monday, December 23rd. They set a "buy" rating and a $18.00 target price for the company. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Pony AI in a report on Tuesday, January 14th. They issued a "buy" rating and a $20.00 price objective on the stock. Finally, 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 target price for the company.
Read Our Latest Stock Analysis on Pony AI
Pony AI Stock Down 9.4 %
The business has a fifty day moving average of $12.80.
Institutional Investors Weigh In On Pony AI
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Pinpoint Asset Management Ltd bought a new stake in Pony AI in the 4th quarter valued at about $108,000. Barclays PLC bought 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 Pony AI during the fourth quarter worth approximately $281,000. Walleye Capital LLC bought a new position in Pony AI during the 4th quarter worth $402,000. Finally, Ovata Capital Management Ltd acquired a new position in Pony AI in the 4th quarter valued at $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.
Further Reading
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