SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) Given Consensus Rating of "Hold" by Brokerages

Key Points

• SHAZ has a consensus “Hold” rating from five analysts: three buys, one hold and one sell. The average 12-month price target is $107.67.
• Recent analyst actions were mixed, including Cantor Fitzgerald cutting its target to $109 while maintaining an overweight rating, and B. Riley initiating coverage with a buy rating and $124 target.
• The company reported a quarterly loss of $22.84 per share, far below the consensus estimate of a $0.21 loss, on revenue of $1.93 million. Shares opened at $52.64, well below the average analyst target.

SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ - Get Free Report) has earned an average rating of "Hold" from the five research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $107.6667.

A number of equities research analysts recently issued reports on SHAZ shares. Cantor Fitzgerald reduced their target price on SharonAI Holdings, Inc. Class A Common Stock from $116.00 to $109.00 and set an "overweight" rating on the stock in a research note on Friday, August 7th. 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. Zacks Research raised SharonAI Holdings, Inc. Class A Common Stock to a "hold" rating in a report on Friday, July 10th. B. Riley Financial began 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 price objective on the stock. Finally, Compass Point increased 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.

SharonAI Holdings, Inc. Class A Common Stock Price Performance

Shares of NASDAQ SHAZ opened at $52.64 on Wednesday. The company has a current ratio of 10.55, a quick ratio of 10.55 and a debt-to-equity ratio of 0.90. The company's 50-day moving average price is $65.02 and its 200 day moving average price is $53.07. SharonAI Holdings, Inc. Class A Common Stock has a 52 week low of $1.90 and a 52 week high of $178.00. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of -30.96 and a beta of 5.90.

SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($22.84) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($22.63). The business had revenue of $1.93 million for the quarter. As a group, research analysts forecast that SharonAI Holdings, Inc. Class A Common Stock will post 10.96 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.

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