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

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY) reached a new 52-week low on Monday . The stock traded as low as $6.49 and last traded at $6.5120, with a volume of 93167 shares traded. The stock had previously closed at $6.59.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PONY. Weiss Ratings lowered shares of Pony AI from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 11th. Wall Street Zen downgraded shares of Pony AI from a “hold” rating to a “sell” rating in a report on Sunday, April 26th. The Goldman Sachs Group set a $30.00 price target on shares of Pony AI in a research report on Thursday, April 16th. BNP Paribas Exane initiated coverage on shares of Pony AI in a research report on Thursday, March 26th. They set a “neutral” rating and a $12.50 price target for the company. Finally, Barclays cut their price target on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have assigned a Hold rating and one has issued 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 $19.95.

Pony AI Price Performance

The stock has a market cap of $2.68 billion, a PE ratio of -19.31 and a beta of 4.04. The stock has a 50-day simple moving average of $8.32 and a 200-day simple moving average of $11.33.

Pony AI (NASDAQ:PONY) last released its quarterly earnings data on Tuesday, May 26th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.03. The company had revenue of $34.25 million for the quarter, compared to the consensus estimate of $22.30 million. Pony AI had a negative return on equity of 17.13% and a negative net margin of 128.22%. As a group, equities research analysts anticipate that Pony AI Inc. – Sponsored ADR will post -0.67 EPS for the current year.

Insider Buying and Selling

In other Pony AI news, CFO Haojun Wang sold 13,751 shares of Pony AI stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $6.86, for a total transaction of $94,331.86. Following the transaction, the chief financial officer directly owned 1,442,504 shares of the company’s stock, valued at $9,895,577.44. The trade was a 0.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Luyi Mo sold 14,460 shares of Pony AI stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $6.86, for a total transaction of $99,195.60. Following the transaction, the vice president directly owned 350,156 shares in the company, valued at approximately $2,402,070.16. This trade represents a 3.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 45,558 shares of company stock valued at $312,528.

Institutional Investors Weigh In On Pony AI

Several large investors have recently made changes to their positions in PONY. Carrhae Capital LLP purchased a new position in Pony AI in the 3rd quarter worth approximately $6,686,000. Sumitomo Mitsui Trust Group Inc. grew its position in Pony AI by 266.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,974,499 shares of the company’s stock valued at $28,630,000 after acquiring an additional 1,435,358 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Pony AI by 10,441.3% during the fourth quarter. SG Americas Securities LLC now owns 543,825 shares of the company’s stock valued at $7,885,000 after purchasing an additional 538,666 shares during the period. Pictet Asset Management Holding SA purchased a new stake in shares of Pony AI during the first quarter valued at approximately $3,144,000. Finally, Keystone Investors PTE Ltd. lifted its position in shares of Pony AI by 202.0% during the fourth quarter. Keystone Investors PTE Ltd. now owns 668,658 shares of the company’s stock worth $9,696,000 after purchasing an additional 447,250 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.