Pony AI Inc. ADR (NASDAQ:PONY) price on Thursday, June 12, rose 0.40% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $12.70.
A look at the stock’s price movement, the close in the last trading session was $12.65. Turning to its 52-week performance, $23.88 and $4.11 were the 52-week high and 52-week low respectively. Overall, PONY moved -29.25% over the past month.
Pony AI Inc. ADR’s market cap currently stands at around $3.42 billion, with investors looking forward to this quarter’s earnings report slated for in July.
PONY’s current price about -21.84% and 5.66% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.32, while 7-day volatility ratio is 2.57% and 11.24% in the 30-day chart. Further, Pony AI Inc. ADR (PONY) has a beta value of 0, and an average true range (ATR) of 2.11. Analysts have given the company’s stock an average 52-week price target of $20, forecast between a low of $20 and high of $20. Looking at the price targets, the low is -57.48% off current price level while to achieve the yearly target high, price needs to move -57.48%. Nonetheless, investors will most likely welcome a -57.48% jump to $20 which is the analysts’ median price.
If we refocus on Pony AI Inc. ADR (NASDAQ:PONY), historical trading data shows that trading volumes averaged 11.69 million over the past 3 months. The company’s latest data on shares outstanding shows there are 269.20 million shares.
The 23.83% of Pony AI Inc. ADR’s shares are in the hands of company insiders while institutional holders own 16.08% of the company’s shares. Current price change has pushed the stock -11.50% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PONY stock continues to rise going into the next quarter.
