Pony AI (NASDAQ:PONY) Stock Price Up 13.3% – What’s Next?

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

Pony AI Price Performance

The stock’s 50-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 company had revenue of $13.98 million during the quarter. As a group, research analysts anticipate that Pony AI Inc. – Sponsored ADR will post -0.38 earnings per share for the current fiscal year.

Institutional Trading of Pony AI

Institutional investors and hedge funds have recently modified their holdings of the business. Yarbrough Capital LLC raised its position in Pony AI by 38.0% in the 1st quarter. Yarbrough Capital LLC now owns 100,001 shares of the company’s stock worth $882,000 after buying an additional 27,538 shares during the last quarter. Barclays PLC bought a new stake in shares of Pony AI in the fourth quarter worth approximately $212,000. Soros Fund Management LLC purchased a new position in shares of Pony AI during the fourth quarter valued at approximately $12,718,000. Aspex Management HK Ltd bought a new position in Pony AI during the fourth quarter valued at approximately $34,091,000. Finally, Squarepoint Ops LLC purchased a new stake in Pony AI in the fourth quarter worth approximately $691,000.

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.