Pony AI Inc. (NASDAQ:PONY - Get Free Report) shares traded down 5.3% during trading on Thursday . The company traded as low as $10.37 and last traded at $10.44. 486,111 shares were traded during trading, a decline of 67% from the average session volume of 1,478,209 shares. The stock had previously closed at $11.03.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on PONY shares. Bank of America began coverage on Pony AI in a research report on Monday, December 23rd. They issued a "buy" rating and a $18.00 price objective on the stock. The Goldman Sachs Group started coverage on shares of Pony AI in a research report on Monday, December 23rd. They set a "buy" rating and a $19.60 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Pony AI in a research note on Tuesday, January 14th. They set a "buy" rating and a $20.00 target price on the stock.
View Our Latest Research Report on Pony AI
Pony AI Price Performance
The business has a 50 day simple moving average of $14.39.
Institutional Trading of Pony AI
A number of hedge funds and other institutional investors have recently modified their holdings of PONY. Pinpoint Asset Management Ltd purchased a new stake in shares of Pony AI in the fourth quarter worth $108,000. Barclays PLC bought a new position in Pony AI in the 4th quarter worth about $212,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Pony AI during the 4th quarter valued at about $281,000. Walleye Capital LLC bought a new stake in Pony AI during the 4th quarter valued at about $402,000. Finally, Ovata Capital Management Ltd purchased a new position in Pony AI in the fourth quarter worth about $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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