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

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY)’s stock price reached a new 52-week low during trading on Tuesday. The company traded as low as $5.55 and last traded at $5.6090, with a volume of 100,913 shares trading hands. The stock had previously closed at $5.74.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PONY. BNP Paribas Exane raised shares of Pony AI from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 20th. Jefferies Financial Group restated a “buy” rating on shares of Pony AI in a report on Tuesday, August 18th. Bank of America cut their price target on shares of Pony AI from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, August 18th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Pony AI in a research report on Tuesday, September 8th. Seven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $19.57.

Pony AI Stock Down 7.5%

The company has a 50 day simple moving average of $7.05 and a 200-day simple moving average of $8.08. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of -14.36 and a beta of 3.89.

Insider Transactions at Pony AI

In other news, VP Ning Zhang sold 15,524 shares of Pony AI stock in a transaction on Monday, September 28th. The shares were sold at an average price of $7.10, for a total value of $110,220.40. Following the completion of the sale, the vice president owned 645,835 shares in the company, valued at $4,585,428.50. The trade was a 2.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Luyi Mo sold 12,425 shares of the business’s stock in a transaction on Monday, September 28th. The shares were sold at an average price of $7.10, for a total transaction of $88,217.50. Following the transaction, the vice president owned 362,737 shares in the company, valued at $2,575,432.70. The trade was a 3.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 41,700 shares of company stock valued at $296,070 in the last quarter.

Institutional Investors Weigh In On Pony AI

A number of large investors have recently bought and sold shares of PONY. Blue Trust Inc. acquired a new stake in shares of Pony AI in the 1st quarter valued at about $30,000. Nykredit A S bought a new stake in Pony AI in the 2nd quarter valued at about $74,000. Greenleaf Trust acquired a new position in Pony AI during the 2nd quarter worth approximately $88,000. Corient Private Wealth LP acquired a new position in Pony AI during the 2nd quarter worth approximately $89,000. Finally, First Trust Advisors LP raised its stake in Pony AI by 32.3% during the 1st quarter. First Trust Advisors LP now owns 13,264 shares of the company’s stock worth $125,000 after buying an additional 3,236 shares during the period.

Pony AI Company Profile

Pony AI Inc develops and commercializes autonomous driving technologies for passenger mobility, freight transportation and other applications. Its proprietary Virtual Driver platform integrates software, hardware and services, while its PonyWorld world model supports the development and deployment of its autonomous driving systems. The company operates three primary business lines: Robotaxi services, Robotruck services and Intelligent Solutions, which include autonomous driving domain controllers and other technology products and services for automakers and industry customers.

Founded in late 2016 in Fremont, California, by Jun “James” Peng and Tiancheng Lou, Pony.ai is headquartered in Guangzhou, China.