Pony AI Inc. ADR (NASDAQ:PONY) shares, rose in value, with the stock price up by 3.40% to the previous day’s close as strong demand from buyers drove the stock to $15.21.
Actively observing the price movement in the last trading, the stock closed the session at $14.71. Referring to stock’s 52-week performance, its high was $23.88, and the low was $11.90. On the whole, PONY has fluctuated by 15.40% over the past month.
With the market capitalization of Pony AI Inc. ADR currently standing at about $4.07 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April.
The stock’s technical analysis shows that the price of PONY currently trading nearly -6.72% and 2.66% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.97, while the 7-day volatility ratio is showing 8.70% which for the 30-day chart, stands at 10.36%. Furthermore, Pony AI Inc. ADR (PONY)’s average true range (ATR) is 1.74.
Data on historical trading for Pony AI Inc. ADR (NASDAQ:PONY) indicates that the trading volumes over the past 3 months, they’ve averaged 1.25 million. According to company’s latest data on outstanding shares, there are 267.87 million shares outstanding.
Nearly 23.83% of Pony AI Inc. ADR’s shares belong to company insiders and institutional investors own 13.18% of the company’s shares. The stock has risen by 5.99% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PONY stock heading into the next quarter.
