Pony AI (NASDAQ:PONY) Sets New 12-Month Low – What’s Next?

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY)’s share price reached 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 changing hands. The stock had previously closed at $8.18.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on PONY shares. Zacks Research upgraded Pony AI from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Weiss Ratings downgraded Pony AI from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday. BNP Paribas Exane assumed coverage on Pony AI in a report on Thursday, March 26th. They set a “neutral” rating and a $12.50 target price for the company. The Goldman Sachs Group set a $30.00 target price on Pony AI in a report on Thursday, April 16th. Finally, Barclays decreased their price objective on Pony AI from $15.00 to $10.00 and set an “equal weight” rating for the company in a report on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.95.

Pony AI Price Performance

The business’s 50-day moving average price is $9.62 and its two-hundred day moving average price is $12.45. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of -22.64 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 business had revenue of $34.25 million during the quarter, compared to the consensus estimate of $22.30 million. As a group, research analysts predict that Pony AI Inc. – Sponsored ADR will post -0.67 EPS for the current year.

Hedge Funds Weigh In On Pony AI

A number of institutional investors and hedge funds have recently made changes to their positions in PONY. Quantinno Capital Management LP acquired a new stake in shares of Pony AI in the 1st quarter worth about $1,042,000. First Trust Advisors LP increased its stake in Pony AI by 32.3% in the 1st quarter. First Trust Advisors LP now owns 13,264 shares of the company’s stock valued at $125,000 after buying an additional 3,236 shares during the last quarter. TMT General Partner Ltd grew its holdings in shares of Pony AI by 262.1% in the first quarter. TMT General Partner Ltd now owns 6,942,135 shares of the company’s stock valued at $65,534,000 after acquiring an additional 5,024,721 shares in the last quarter. Hsbc Holdings PLC bought a new position in shares of Pony AI in the first quarter valued at approximately $553,000. Finally, Money Concepts Capital Corp increased its position in shares of Pony AI by 13.4% during the first quarter. Money Concepts Capital Corp now owns 106,065 shares of the company’s stock valued at $1,001,000 after acquiring an additional 12,519 shares during the last quarter.

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.