B. Riley Financial Begins Coverage on SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ)

Research analysts at B. Riley Financial began coverage on shares of SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) in a report issued on Thursday, MarketBeat.com reports. The brokerage set a “buy” rating and a $124.00 price target on the stock. B. Riley Financial’s price objective suggests a potential upside of 66.18% from the company’s previous close.

A number of other equities analysts have also recently commented on the stock. Cantor Fitzgerald initiated coverage on shares of SharonAI Holdings, Inc. Class A Common Stock in a research note on Thursday, April 9th. They issued an “overweight” rating and a $40.00 price target for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of SharonAI Holdings, Inc. Class A Common Stock in a research report on Monday. Compass Point lifted their price objective on SharonAI Holdings, Inc. Class A Common Stock from $50.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Finally, Wall Street Zen lowered shares of SharonAI Holdings, Inc. Class A Common Stock from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $84.67.

SharonAI Holdings, Inc. Class A Common Stock Trading Down 6.7%

SHAZ opened at $74.62 on Thursday. The business has a 50 day simple moving average of $69.35. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.04 and a current ratio of 1.04. SharonAI Holdings, Inc. Class A Common Stock has a 12 month low of $1.90 and a 12 month high of $178.00. The company has a market cap of $1.25 billion, a P/E ratio of -52.18 and a beta of 5.89.

SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) last posted its earnings results on Friday, May 15th. The company reported ($1.43) earnings per share (EPS) for the quarter. The business had revenue of $0.29 million during the quarter.

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.