SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) Price Target Cut to $109.00 by Analysts at Cantor Fitzgerald

SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) had its price objective reduced by research analysts at Cantor Fitzgerald from $116.00 to $109.00 in a report released on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 109.01% from the company’s current price.

SHAZ has been the topic of several other research reports. Zacks Research raised shares of SharonAI Holdings, Inc. Class A Common Stock to a “hold” rating in a research report on Friday, July 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of SharonAI Holdings, Inc. Class A Common Stock in a research report on Monday, July 6th. B. Riley Financial started coverage on SharonAI Holdings, Inc. Class A Common Stock in a research report on Thursday, July 9th. They set a “buy” rating and a $124.00 target price for the company. Compass Point boosted their price target on shares of SharonAI Holdings, Inc. Class A Common Stock from $50.00 to $90.00 and gave the stock a “buy” rating in a 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 report on Monday, July 20th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $107.67.

SharonAI Holdings, Inc. Class A Common Stock Price Performance

NASDAQ SHAZ opened at $52.15 on Friday. SharonAI Holdings, Inc. Class A Common Stock has a 1 year low of $1.90 and a 1 year high of $178.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market cap of $872.99 million, a price-to-earnings ratio of -36.47 and a beta of 6.02. The business has a fifty day moving average price of $70.46.

SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) last released its quarterly earnings results on Friday, May 15th. The company reported ($1.43) earnings per share for the quarter. The company had revenue of $0.29 million for the quarter. On average, research analysts anticipate that SharonAI Holdings, Inc. Class A Common Stock will post -1.67 EPS 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.