Wall Street Zen Downgrades SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) to Sell

SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Monday.

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

SharonAI Holdings, Inc. Class A Common Stock Stock Performance

NASDAQ:SHAZ opened at $63.64 on Monday. SharonAI Holdings, Inc. Class A Common Stock has a fifty-two week low of $1.90 and a fifty-two 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. The business’s 50 day moving average is $71.12. The stock has a market cap of $1.07 billion, a PE ratio of -44.50 and a beta of 5.89.

SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) last announced 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. Research analysts forecast that SharonAI Holdings, Inc. Class A Common Stock will post -1.67 earnings per share for the current fiscal year.

SharonAI Holdings, Inc. Class A Common Stock Company Profile

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.