Pony AI (NASDAQ:PONY) Reaches New 52-Week Low – Here’s Why

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) hit a new 52-week low during trading on Thursday . The stock traded as low as $7.95 and last traded at $8.1490, with a volume of 696028 shares traded. The stock had previously closed at $8.18.

Wall Street Analyst Weigh In

Several research analysts have commented on PONY shares. BNP Paribas Exane started coverage on shares of Pony AI in a report on Thursday, March 26th. They issued a “neutral” rating and a $12.50 price objective for the company. Weiss Ratings upgraded shares of Pony AI from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. Barclays reduced their target price on shares of Pony AI from $15.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Monday, March 30th. Wall Street Zen downgraded shares of Pony AI from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. Finally, Macquarie Infrastructure reaffirmed an “outperform” rating and issued a $24.00 target price on shares of Pony AI in a research report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $19.95.

Pony AI Stock Performance

The stock’s 50-day moving average price is $9.66 and its two-hundred day moving average price is $12.50. The stock has a market capitalization of $3.11 billion, a PE ratio of -22.46 and a beta of 3.83.

Pony AI (NASDAQ:PONY) last announced its quarterly earnings data on Tuesday, May 26th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.03. Pony AI had a negative net margin of 128.22% and a negative return on equity of 17.13%. The company had revenue of $34.25 million for the quarter, compared to the consensus estimate of $22.30 million. On average, analysts predict that Pony AI Inc. – Sponsored ADR will post -0.67 earnings per share for the current fiscal year.

Institutional Trading of Pony AI

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in Pony AI by 103.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,110 shares of the company’s stock valued at $47,000 after purchasing an additional 62,748 shares during the last quarter. Jones Financial Companies Lllp grew its position in Pony AI by 704.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,197 shares of the company’s stock valued at $47,000 after purchasing an additional 1,924 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in Pony AI during the 3rd quarter valued at about $50,000. Leonteq Securities AG purchased a new stake in shares of Pony AI during the 4th quarter valued at about $38,000. Finally, Blue Trust Inc. purchased a new stake in shares of Pony AI during the 1st quarter valued at about $30,000.

About Pony AI

Pony.ai develops autonomous driving technologies for passenger and goods transportation. The company offers an end-to-end self-driving stack that combines perception, planning and control systems with proprietary hardware and software. Pony.ai’s solutions support robotaxi services and advanced driver-assistance system (ADAS) deployments across urban and suburban environments.

Founded in late 2016 by James Peng and Sean Gong, Pony.ai operates research and development centers in Fremont, California, as well as in Guangzhou and Beijing, China.