Pony AI (NASDAQ:PONY) Shares Down 7.4% – What’s Next?

Shares of Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) fell 7.4% on Friday . The stock traded as low as $12.21 and last traded at $12.59. 2,080,205 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 3,572,634 shares. The stock had previously closed at $13.59.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Barclays initiated coverage on shares of Pony AI in a report on Tuesday, December 16th. They issued an “equal weight” rating and a $15.00 price objective on the stock. CLSA assumed coverage on Pony AI in a report on Friday, January 2nd. They issued an “outperform” rating and a $22.00 price target for the company. Wall Street Zen upgraded Pony AI from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Pony AI in a research report on Thursday, January 22nd. Finally, Citigroup reissued a “buy” rating on shares of Pony AI in a research report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.10.

Pony AI Price Performance

The stock has a market cap of $4.94 billion, a P/E ratio of -9.09 and a beta of 6.26. The stock’s fifty day simple moving average is $14.88 and its 200-day simple moving average is $16.05.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. CWM LLC bought a new position in Pony AI in the 2nd quarter worth approximately $28,000. Leonteq Securities AG acquired a new stake in shares of Pony AI during the 4th quarter valued at $38,000. Jones Financial Companies Lllp increased its position in shares of Pony AI by 704.8% in the third quarter. Jones Financial Companies Lllp now owns 2,197 shares of the company’s stock worth $47,000 after acquiring an additional 1,924 shares in the last quarter. JPMorgan Chase & Co. boosted its stake 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 during the period. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Pony AI in the third quarter worth $50,000.

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.