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

Shares of Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) reached a new 52-week low during trading on Thursday . The company traded as low as $7.95 and last traded at $8.1490, with a volume of 696028 shares. The stock had previously closed at $8.18.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. The Goldman Sachs Group set a $30.00 price target on shares of Pony AI in a research note on Thursday, April 16th. BNP Paribas Exane assumed coverage on shares of Pony AI in a research note on Thursday, March 26th. They issued a “neutral” rating and a $12.50 price target for the company. HSBC assumed coverage on shares of Pony AI in a research note on Tuesday, March 31st. They issued a “buy” rating and a $16.60 price target for the company. Barclays cut their price target on shares of Pony AI from $15.00 to $10.00 and set an “equal weight” rating for the company in a research note on Monday, March 30th. Finally, Weiss Ratings raised shares of Pony AI from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, six have given 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.95.

Pony AI Trading Down 1.2%

The stock has a market capitalization of $3.11 billion, a P/E ratio of -22.46 and a beta of 3.83. The stock’s fifty day moving average price is $9.66 and its two-hundred day moving average price is $12.50.

Pony AI (NASDAQ:PONY) last announced its quarterly earnings data on Tuesday, May 26th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $34.25 million during the quarter, compared to analyst estimates of $22.30 million. As a group, 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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. bought a new position in Pony AI in the 1st quarter worth $30,000. Leonteq Securities AG bought a new position in Pony AI in the 4th quarter worth $38,000. Jones Financial Companies Lllp raised its holdings in Pony AI by 704.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,197 shares of the company’s stock worth $47,000 after purchasing an additional 1,924 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Pony AI by 103.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,110 shares of the company’s stock worth $47,000 after purchasing an additional 62,748 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new position in Pony AI in the 3rd quarter worth $50,000.

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.