SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) from a hold rating to a sell rating in a research note published on Monday.

Several other equities research analysts also recently issued reports on SHAZ. Cantor Fitzgerald initiated coverage on shares of SharonAI Holdings, Inc. Class A Common Stock in a research note on Thursday, April 9th. They set an “overweight” rating and a $40.00 price target on the stock. B. Riley Financial started coverage on shares of SharonAI Holdings, Inc. Class A Common Stock in a research report on Thursday, July 9th. They issued a “buy” rating and a $124.00 price objective for the company. Compass Point raised their target price on SharonAI Holdings, Inc. Class A Common Stock from $50.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SharonAI Holdings, Inc. Class A Common Stock in a research report on Monday, July 6th. Finally, Zacks Research upgraded SharonAI Holdings, Inc. Class A Common Stock to a “hold” rating in a research note on Friday, July 10th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, SharonAI Holdings, Inc. Class A Common Stock presently has a consensus rating of “Hold” and an average price target of $84.67.

SharonAI Holdings, Inc. Class A Common Stock Stock Down 2.0%

SHAZ opened at $62.34 on Monday. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of -43.59 and a beta of 5.89. The firm’s 50 day moving average price is $71.29. SharonAI Holdings, Inc. Class A Common Stock has a 52-week low of $1.90 and a 52-week high of $178.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.04.

SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) last posted its earnings results on Friday, May 15th. The company reported ($1.43) EPS for the quarter. The firm had revenue of $0.29 million for the quarter. Equities analysts expect that SharonAI Holdings, Inc. Class A Common Stock will post -1.67 earnings per share for the current fiscal year.

About SharonAI Holdings, Inc. Class A Common Stock

SharonAI Holdings Inc is a high-performance computing (HPC) company deploying large-scale energy and compute infrastructure, USA energy markets and infrastructure asset management. Its services include: Sovereign AI Australia, GPU-as-a-Service, SHARON AI Cloud, SHARON AI Private Cloud, Virtual Private Clusters, HPC Servers, SHARON AI Supercluster, GPU Fleet, Virtual Servers, Cloud Storage, AI Model Training, High-Performance Computing (HPC), and Video Encoding & Decoding. The company’s products are: Sovereign AI Australia, GPU-as-a-Service, SHARON AI Cloud, SHARON AI Private Cloud, Virtual Private Clusters, HPC Servers, SHARON AI Supercluster, GPU Fleet, Virtual Servers, Cloud Storage, AI Model Training, High Performance Computing (HPC), and Video Encoding & Decoding.