Pony AI (NASDAQ:PONY) Hits New 52-Week Low – What’s Next?

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) reached a new 52-week low during trading on Monday . The stock traded as low as $6.49 and last traded at $6.5120, with a volume of 93167 shares trading hands. The stock had previously closed at $6.59.

Analysts Set New Price Targets

PONY has been the topic of several recent research reports. BNP Paribas Exane assumed coverage on shares of Pony AI in a research note on Thursday, March 26th. They set a “neutral” rating and a $12.50 target price on the stock. HSBC initiated coverage on Pony AI in a research report on Tuesday, March 31st. They set a “buy” rating and a $16.60 price objective on the stock. Wall Street Zen cut Pony AI from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Macquarie Infrastructure reiterated an “outperform” rating and issued a $24.00 target price on shares of Pony AI in a report on Tuesday, May 26th. Finally, Weiss Ratings cut Pony AI from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 11th. One investment 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.95.

Pony AI Trading Down 2.0%

The firm has a market cap of $2.49 billion, a PE ratio of -17.89 and a beta of 4.04. The business has a fifty day moving average price of $8.45 and a 200 day moving average price of $11.46.

Pony AI (NASDAQ:PONY) last posted its earnings results on Tuesday, May 26th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.03. The firm had revenue of $34.25 million during 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%. On average, research analysts expect that Pony AI Inc. – Sponsored ADR will post -0.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Pony AI news, VP Ning Zhang sold 17,347 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $6.86, for a total transaction of $119,000.42. Following the sale, the vice president owned 630,109 shares of the company’s stock, valued at approximately $4,322,547.74. This trade represents a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Haojun Wang sold 13,751 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $6.86, for a total transaction of $94,331.86. Following the sale, the chief financial officer owned 1,442,504 shares of the company’s stock, valued at $9,895,577.44. This represents a 0.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 45,558 shares of company stock valued at $312,528.

Institutional Investors Weigh In On Pony AI

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Carrhae Capital LLP purchased a new position in shares of Pony AI during the third quarter worth about $6,686,000. Flight Deck Capital LP lifted its holdings in shares of Pony AI by 65.9% in the 3rd quarter. Flight Deck Capital LP now owns 672,600 shares of the company’s stock valued at $15,127,000 after purchasing an additional 267,200 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Pony AI by 266.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,974,499 shares of the company’s stock valued at $28,630,000 after purchasing an additional 1,435,358 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Pony AI by 10,441.3% in the 4th quarter. SG Americas Securities LLC now owns 543,825 shares of the company’s stock valued at $7,885,000 after purchasing an additional 538,666 shares during the period. Finally, Bamco Inc. NY boosted its position in shares of Pony AI by 38.7% in the 3rd quarter. Bamco Inc. NY now owns 2,335,346 shares of the company’s stock valued at $52,522,000 after purchasing an additional 651,251 shares during the period.

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.