Pony AI (NASDAQ:PONY) Reaches New 1-Year Low – Time to Sell?

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $7.93 and last traded at $7.94, with a volume of 4268748 shares. The stock had previously closed at $8.32.

Analyst Ratings Changes

Several research firms recently commented on PONY. Macquarie Infrastructure restated an “outperform” rating and issued a $24.00 target price on shares of Pony AI in a research report on Tuesday, May 26th. Wall Street Zen lowered Pony AI from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. Zacks Research raised Pony AI from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. HSBC initiated coverage on Pony AI in a report on Tuesday, March 31st. They set a “buy” rating and a $16.60 price target on the stock. Finally, Weiss Ratings cut shares of 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.95.

Pony AI Stock Performance

The business’s 50 day moving average price is $9.55 and its two-hundred day moving average price is $12.30. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of -23.17 and a beta of 3.83.

Pony AI (NASDAQ:PONY) last posted its quarterly earnings data on Tuesday, May 26th. The company reported ($0.09) EPS for the quarter, beating 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 business had revenue of $34.25 million for the quarter, compared to analyst estimates of $22.30 million. On average, sell-side analysts expect that Pony AI Inc. – Sponsored ADR will post -0.67 earnings per share for the current year.

Hedge Funds Weigh In On Pony AI

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. TMT General Partner Ltd raised its stake in shares of Pony AI by 262.1% in the 1st quarter. TMT General Partner Ltd now owns 6,942,135 shares of the company’s stock worth $65,534,000 after buying an additional 5,024,721 shares in the last quarter. Aspex Management HK Ltd lifted its holdings in shares of Pony AI by 728.1% in the third quarter. Aspex Management HK Ltd now owns 4,140,447 shares of the company’s stock valued at $93,119,000 after buying an additional 3,640,447 shares during the period. Lingotto Investment Management LLP boosted its stake in Pony AI by 72.6% during the fourth quarter. Lingotto Investment Management LLP now owns 4,107,512 shares of the company’s stock valued at $59,559,000 after buying an additional 1,727,620 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Pony AI during the third quarter valued at about $89,174,000. Finally, Tiger Global Management LLC boosted its stake in Pony AI by 683.8% during the fourth quarter. Tiger Global Management LLC now owns 2,900,000 shares of the company’s stock valued at $42,050,000 after buying an additional 2,530,000 shares in the last quarter.

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.