Pony AI (NASDAQ:PONY) Hits New 12-Month Low – Here’s Why

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $7.85 and last traded at $7.86, with a volume of 4602110 shares changing hands. The stock had previously closed at $8.34.

Wall Street Analyst Weigh In

PONY has been the subject of several recent research reports. BNP Paribas Exane assumed coverage on Pony AI in a report on Thursday, March 26th. They set a “neutral” rating and a $12.50 price objective for the company. Zacks Research raised Pony AI from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. The Goldman Sachs Group set a $30.00 price target on Pony AI in a research note on Thursday, April 16th. Barclays reduced their price target 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. Finally, Weiss Ratings downgraded Pony AI from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 11th. One 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 stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.95.

Pony AI Stock Down 5.8%

The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of -21.83 and a beta of 3.85. The company’s 50-day simple moving average is $9.49 and its 200 day simple moving average is $12.22.

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

Institutional Investors Weigh In On Pony AI

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. acquired a new position in Pony AI during the first quarter valued at approximately $30,000. Leonteq Securities AG acquired a new stake in shares of Pony AI in the fourth quarter worth $38,000. JPMorgan Chase & Co. lifted its stake in shares of Pony AI by 103.5% in the third quarter. JPMorgan Chase & Co. now owns 2,110 shares of the company’s stock worth $47,000 after buying an additional 62,748 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Pony AI during the 3rd quarter worth $50,000. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Pony AI during the 2nd quarter worth $64,000.

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.