SharonAI (NASDAQ:SHAZ) Stock Rating Cut to "Strong Sell" at Wall Street Zen

Key Points

• Wall Street Zen downgraded SharonAI from “sell” to “strong sell.” Other analyst views remain mixed, and MarketBeat reports an overall “Moderate Buy” rating with an average price target of $104.50.
• Shares opened at $22.56, well below their 50-day moving average of $39.44 and 200-day average of $49.27; the stock’s 12-month range is $1.90 to $139.00.
• Institutional investors and hedge funds own 25.44% of SharonAI, with several firms adding to or initiating positions in the third quarter.

SharonAI (NASDAQ:SHAZ - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "sell" rating to a "strong sell" rating in a research report issued on Saturday, Wall Street Zen reports.

Other equities research analysts also recently issued reports about the company. Northland Securities initiated coverage on SharonAI in a research report on Friday, September 18th. They set an "outperform" rating and a $95.00 target price on the stock. Weiss Ratings restated a "sell (d-)" rating on shares of SharonAI in a research note on Friday, October 2nd. Finally, Cantor Fitzgerald cut their price target on SharonAI from $116.00 to $109.00 and set an "overweight" rating for the company in a report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $104.50.

SharonAI Price Performance

Shares of NASDAQ SHAZ opened at $22.56 on Friday. The company has a quick ratio of 10.55, a current ratio of 10.55 and a debt-to-equity ratio of 0.90. The business's 50 day moving average is $39.44 and its two-hundred day moving average is $49.27. SharonAI has a 12 month low of $1.90 and a 12 month high of $139.00.

Institutional Trading of SharonAI

Hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp raised its position in SharonAI by 60.7% in the 3rd quarter. State Street Corp now owns 210,171 shares of the company's stock worth $11,475,000 after purchasing an additional 79,417 shares during the last quarter. CenterBook Partners LP acquired a new stake in shares of SharonAI in the 3rd quarter valued at $7,072,000. Creek Drive Management Group LLC acquired a new stake in shares of SharonAI in the 3rd quarter valued at $3,385,000. LuminArx Capital Management LP raised its position in shares of SharonAI by 122.1% during the third quarter. LuminArx Capital Management LP now owns 36,374 shares of the company's stock worth $1,986,000 after acquiring an additional 20,000 shares during the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of SharonAI during the third quarter valued at $1,725,000. Institutional investors and hedge funds own 25.44% of the company's stock.

SharonAI 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.