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

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) reached a new 52-week low during trading on Tuesday . The company traded as low as $6.63 and last traded at $6.6660, with a volume of 1070321 shares traded. The stock had previously closed at $7.00.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PONY. HSBC assumed coverage on shares of Pony AI in a research note on Tuesday, March 31st. They set a “buy” rating and a $16.60 price target on the stock. Macquarie Infrastructure reissued an “outperform” rating and issued a $24.00 price objective on shares of Pony AI in a research report on Tuesday, May 26th. Zacks Research upgraded Pony AI from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Barclays dropped their target price on 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. Finally, The Goldman Sachs Group set a $30.00 price target on Pony AI in a report on Thursday, April 16th. 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $19.95.

Pony AI Stock Performance

The firm has a market capitalization of $2.62 billion, a P/E ratio of -18.86 and a beta of 4.04. The stock has a fifty day moving average price of $8.58 and a two-hundred day moving average price of $11.59.

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

Insider Transactions at Pony AI

In other news, CFO Haojun Wang sold 13,751 shares of the firm’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $6.86, for a total value of $94,331.86. Following the transaction, the chief financial officer directly owned 1,442,504 shares in the company, valued at approximately $9,895,577.44. This trade represents a 0.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Luyi Mo sold 14,460 shares of Pony AI stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $6.86, for a total transaction of $99,195.60. Following the completion of the transaction, the vice president directly owned 350,156 shares of the company’s stock, valued at $2,402,070.16. This trade represents a 3.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 45,558 shares of company stock worth $312,528.

Institutional Trading of Pony AI

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. TMT General Partner Ltd lifted its holdings in shares of Pony AI by 262.1% in the 1st quarter. TMT General Partner Ltd now owns 6,942,135 shares of the company’s stock worth $65,534,000 after purchasing an additional 5,024,721 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Pony AI in the third quarter worth $89,174,000. Aspex Management HK Ltd increased its position in Pony AI by 728.1% in the third quarter. Aspex Management HK Ltd now owns 4,140,447 shares of the company’s stock worth $93,119,000 after buying an additional 3,640,447 shares during the period. Tiger Global Management LLC lifted its stake in Pony AI by 683.8% in the fourth quarter. Tiger Global Management LLC now owns 2,900,000 shares of the company’s stock valued at $42,050,000 after buying an additional 2,530,000 shares during the last quarter. Finally, Ghisallo Capital Management LLC acquired a new position in shares of Pony AI during the third quarter valued at $53,076,000.

Pony AI Company Profile

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.