Pony AI (NASDAQ:PONY) Sets New 12-Month Low – Time to Sell?

Pony AI Inc. – Sponsored ADR (NASDAQ:PONY)’s share price reached a new 52-week low during trading on Wednesday. The company traded as low as $5.97 and last traded at $5.9750, with a volume of 442583 shares. The stock had previously closed at $6.13.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of Pony AI in a research report on Tuesday, August 18th. Bank of America lowered their target price on shares of Pony AI from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday, August 18th. BNP Paribas Exane raised shares of Pony AI from a “neutral” rating to an “outperform” rating in a report on Thursday, August 20th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Pony AI in a report on Tuesday, September 8th. Seven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $19.57.

Pony AI Stock Performance

The firm has a fifty day moving average price of $7.31 and a two-hundred day moving average price of $8.29. The stock has a market capitalization of $2.63 billion, a P/E ratio of -16.76 and a beta of 3.89.

Insider Activity at Pony AI

In related news, VP Ning Zhang sold 15,524 shares of the company’s stock in a transaction on Monday, September 28th. The stock was sold at an average price of $7.10, for a total transaction of $110,220.40. Following the completion of the sale, the vice president owned 645,835 shares in the company, valued at approximately $4,585,428.50. This represents a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Luyi Mo sold 12,425 shares of the stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $7.10, for a total value of $88,217.50. Following the completion of the transaction, the vice president directly owned 362,737 shares in the company, valued at approximately $2,575,432.70. This represents a 3.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 41,700 shares of company stock worth $296,070.

Institutional Trading of Pony AI

Large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. bought a new position in Pony AI in the first quarter worth approximately $30,000. Nykredit A S bought a new stake in shares of Pony AI during the 2nd quarter valued at $74,000. Greenleaf Trust purchased a new stake in shares of Pony AI in the 2nd quarter worth $88,000. Corient Private Wealth LP purchased a new stake in shares of Pony AI in the 2nd quarter worth $89,000. Finally, First Trust Advisors LP raised its holdings in Pony AI by 32.3% in the 1st quarter. First Trust Advisors LP now owns 13,264 shares of the company’s stock worth $125,000 after purchasing an additional 3,236 shares during the period.

About Pony AI

Pony AI Inc develops and commercializes autonomous driving technologies for passenger mobility, freight transportation and other applications. Its proprietary Virtual Driver platform integrates software, hardware and services, while its PonyWorld world model supports the development and deployment of its autonomous driving systems. The company operates three primary business lines: Robotaxi services, Robotruck services and Intelligent Solutions, which include autonomous driving domain controllers and other technology products and services for automakers and industry customers.

Founded in late 2016 in Fremont, California, by Jun “James” Peng and Tiancheng Lou, Pony.ai is headquartered in Guangzhou, China.