Pony AI (NASDAQ:PONY) Hits New 52-Week Low – Should You Sell?

Shares of Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $7.85 and last traded at $7.86, with a volume of 4602110 shares trading hands. The stock had previously closed at $8.34.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PONY shares. Barclays dropped their price objective on Pony AI from $15.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Monday, March 30th. The Goldman Sachs Group set a $30.00 target price on Pony AI in a research note on Thursday, April 16th. BNP Paribas Exane assumed coverage on Pony AI in a report on Thursday, March 26th. They issued a “neutral” rating and a $12.50 target price on the stock. Wall Street Zen downgraded Pony AI from a “hold” rating to a “sell” rating in a research report on Sunday, April 26th. Finally, Macquarie Infrastructure reiterated an “outperform” rating and set a $24.00 price target on shares of Pony AI in a report on Tuesday, May 26th. One research 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 assigned a Sell rating to the company. According to data from MarketBeat, Pony AI has a consensus rating of “Moderate Buy” and a consensus target price of $19.95.

Pony AI Stock Performance

The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of -21.83 and a beta of 3.85. The firm’s 50-day simple moving average is $9.49 and its 200-day simple moving average is $12.22.

Pony AI (NASDAQ:PONY) last announced 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 during the quarter, compared to analyst estimates of $22.30 million. Equities research analysts forecast that Pony AI Inc. – Sponsored ADR will post -0.67 earnings per share for the current year.

Hedge Funds Weigh In On Pony AI

Several large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. acquired a new position in Pony AI in the 1st quarter valued at approximately $30,000. Leonteq Securities AG acquired a new stake in shares of Pony AI during the 4th quarter worth approximately $38,000. JPMorgan Chase & Co. increased its position in shares of Pony AI by 103.5% during the third quarter. JPMorgan Chase & Co. now owns 2,110 shares of the company’s stock valued at $47,000 after purchasing an additional 62,748 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Pony AI during the third quarter valued at approximately $50,000. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Pony AI in the second quarter valued at $64,000.

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.