Pony AI (NASDAQ:PONY) Sees Unusually-High Trading Volume – Should You Buy?

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) shares saw unusually-high trading volume on Tuesday . Approximately 5,908,286 shares traded hands during trading, a decline of 22% from the previous session’s volume of 7,578,318 shares.The stock last traded at $13.56 and had previously closed at $12.59.

Analysts Set New Price Targets

PONY has been the topic of a number of analyst reports. Jefferies Financial Group began coverage on Pony AI in a research note on Friday, October 10th. They issued a “buy” rating on the stock. UBS Group began coverage on shares of Pony AI in a report on Monday, August 4th. They set a “buy” rating and a $20.00 price objective on the stock. Citigroup reduced their price target on shares of Pony AI from $29.00 to $24.50 and set a “buy” rating for the company in a research report on Friday, November 7th. Wall Street Zen raised Pony AI from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 16th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Pony AI in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $20.42.

Pony AI Price Performance

The stock has a market capitalization of $5.19 billion and a PE ratio of -10.78. The company has a 50-day moving average of $18.49 and a two-hundred day moving average of $15.98.

Pony AI (NASDAQ:PONY) last posted its earnings results on Tuesday, November 25th. The company reported ($0.16) earnings per share (EPS) for the quarter. On average, research analysts forecast that Pony AI Inc. – Sponsored ADR will post -0.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PONY. Banque Cantonale Vaudoise increased its position in shares of Pony AI by 71.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 3,662 shares of the company’s stock worth $82,000 after purchasing an additional 1,523 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Pony AI by 704.8% during the third quarter. Jones Financial Companies Lllp now owns 2,197 shares of the company’s stock valued at $47,000 after purchasing an additional 1,924 shares during the last quarter. CWM LLC acquired a new stake in shares of Pony AI during the second quarter worth $28,000. SBI Securities Co. Ltd. grew its holdings in shares of Pony AI by 29.7% during the third quarter. SBI Securities Co. Ltd. now owns 19,875 shares of the company’s stock valued at $447,000 after purchasing an additional 4,546 shares during the last quarter. Finally, Daiwa Securities Group Inc. bought a new position in Pony AI during the 2nd quarter worth $64,000.

About Pony AI

Pony AI Inc, through its subsidiaries, engages in the autonomous mobility principally in the People’s Republic of China and the United States. The company provides robotruck services, such as transportation services to the logistics platforms. Pony AI Inc is based in Guangzhou, the People’s Republic of China.