Pony AI (NASDAQ:PONY) Stock Price Up 13.3% – Still a Buy?

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) shot up 13.3% during trading on Tuesday . The company traded as high as $12.95 and last traded at $12.87. 4,279,034 shares traded hands during trading, a decline of 42% from the average session volume of 7,366,423 shares. The stock had previously closed at $11.36.

Pony AI Stock Up 13.8%

The stock’s fifty day moving average price is $13.02 and its two-hundred day moving average price is $13.10.

Pony AI (NASDAQ:PONY) last posted its quarterly earnings results on Tuesday, May 20th. The company reported ($0.12) earnings per share for the quarter. The business had revenue of $13.98 million for the quarter. On average, research analysts predict that Pony AI Inc. – Sponsored ADR will post -0.38 earnings per share for the current year.

Institutional Investors Weigh In On Pony AI

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PONY. Pinpoint Asset Management Ltd bought a new position in shares of Pony AI during the fourth quarter valued at about $108,000. Keystone Investors PTE Ltd. purchased a new stake in Pony AI in the 1st quarter worth approximately $120,000. Barclays PLC bought a new stake in shares of Pony AI in the 4th quarter worth approximately $212,000. Goldman Sachs Group Inc. purchased a new position in shares of Pony AI during the first quarter valued at approximately $139,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Pony AI during the first quarter valued at approximately $229,000.

Pony AI Company Profile

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.