Pony AI (NASDAQ:PONY) Stock Price Down 4.5% – Should You Sell?

Pony AI Inc. (NASDAQ:PONY) traded down 4.5% during trading on Thursday . The stock traded as low as $12.17 and last traded at $12.55. 5,458,217 shares were traded during mid-day trading, a decline of 24% from the average session volume of 7,175,771 shares. The stock had previously closed at $13.14.

Pony AI Stock Up 3.3%

The stock has a fifty day moving average price of $11.65.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PONY. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Pony AI during the 4th quarter valued at approximately $281,000. Lingotto Investment Management LLP purchased a new stake in shares of Pony AI during the 4th quarter worth approximately $17,220,000. Robeco Schweiz AG purchased a new stake in shares of Pony AI during the 4th quarter worth approximately $8,811,000. IDG China Capital Fund III Associates L.P. bought a new position in shares of Pony AI during the 4th quarter valued at approximately $93,700,000. Finally, IDG China Venture Capital Fund IV Associates L.P. bought a new position in shares of Pony AI during the 4th quarter valued at approximately $144,973,000.

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.