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

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

Several other equities research analysts have also recently issued reports on the stock. Compass Point raised their price objective 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 research report on Monday, May 18th. B. Riley Financial assumed coverage on shares of SharonAI Holdings, Inc. Class A Common Stock in a report on Thursday, July 9th. They issued a “buy” rating and a $124.00 target price on the stock. Cantor Fitzgerald began 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 restated a “sell (d-)” rating on shares of SharonAI Holdings, Inc. Class A Common Stock in a report on Monday, July 6th. Finally, Zacks Research raised shares of SharonAI Holdings, Inc. Class A Common Stock to a “hold” rating in a research report on Friday, July 10th. Three research 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 data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $84.67.

SharonAI Holdings, Inc. Class A Common Stock Price Performance

Shares of SHAZ opened at $63.64 on Monday. SharonAI Holdings, Inc. Class A Common Stock has a 52-week low of $1.90 and a 52-week high of $178.00. The firm has a market cap of $1.07 billion, a P/E ratio of -44.50 and a beta of 5.89. The business has a fifty day moving average of $71.12. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) last posted its quarterly earnings results on Friday, May 15th. The company reported ($1.43) EPS for the quarter. The firm had revenue of $0.29 million during the quarter. As a group, equities analysts anticipate 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.