Pony AI Inc. (NASDAQ:PONY - Get Free Report) fell 5.8% during mid-day trading on Tuesday . The company traded as low as $14.14 and last traded at $14.15. 143,255 shares were traded during trading, a decline of 83% from the average session volume of 859,716 shares. The stock had previously closed at $15.02.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on PONY. The Goldman Sachs Group began coverage on Pony AI in a research report on Monday, December 23rd. They set a "buy" rating and a $19.60 target price on the stock. Bank of America began coverage on Pony AI in a research report on Monday, December 23rd. They set a "buy" rating and a $18.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft started coverage on Pony AI in a research report on Tuesday, January 14th. They set a "buy" rating and a $20.00 target price on the stock.
Check Out Our Latest Stock Analysis on Pony AI
Pony AI Stock Up 11.3 %
The stock has a 50 day moving average price of $13.88.
Hedge Funds Weigh In On Pony AI
A number of hedge funds have recently bought and sold shares of the company. Pinpoint Asset Management Ltd acquired a new position in Pony AI in the fourth quarter valued at approximately $108,000. Barclays PLC acquired a new position in Pony AI in the fourth quarter valued at approximately $212,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Pony AI in the fourth quarter valued at approximately $281,000. Walleye Capital LLC acquired a new position in Pony AI in the fourth quarter valued at approximately $402,000. Finally, Ovata Capital Management Ltd acquired a new position in 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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