CenterBook Partners LP Buys New Stake in SharonAI Holdings, Inc. $SHAZ

Key Points

• CenterBook Partners opened a SharonAI stake of 129,519 shares, valued at about $7.07 million (0.36% of the company); Steel Grove Capital Advisors also disclosed a new position.
• Analyst views are mixed, though MarketBeat reports a “Moderate Buy” consensus and a $104.50 average price target. Ratings range from Buy to Sell.
• SharonAI reported a quarterly loss of $22.84 per share, far worse than the $0.21 loss analysts expected, on revenue of $1.93 million. Shares traded at $21.81, well below their 50- and 200-day moving averages.

CenterBook Partners LP acquired a new stake in SharonAI Holdings, Inc. (NASDAQ:SHAZ - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 129,519 shares of the company's stock, valued at approximately $7,072,000. CenterBook Partners LP owned approximately 0.36% of SharonAI as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Steel Grove Capital Advisors LLC purchased a new stake in shares of SharonAI during the 3rd quarter worth about $205,000. 25.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on SHAZ. Cantor Fitzgerald cut their price target on SharonAI from $116.00 to $109.00 and set an "overweight" rating for the company in a research note on Friday, August 7th. Northland Securities began coverage on SharonAI in a report on Friday, September 18th. They issued an "outperform" rating and a $95.00 price target for the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of SharonAI in a research report on Friday, October 2nd. Wall Street Zen lowered SharonAI from a "hold" rating to a "sell" rating in a report on Monday, July 20th. Finally, Zacks Research upgraded SharonAI to a "hold" rating in a research report on Friday, July 10th. Four 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's stock. According to MarketBeat, SharonAI presently has a consensus rating of "Moderate Buy" and a consensus target price of $104.50.

SharonAI Price Performance

Shares of NASDAQ:SHAZ traded up $2.25 during midday trading on Friday, hitting $21.81. The company's stock had a trading volume of 3,055,816 shares, compared to its average volume of 2,102,644. The business's 50 day simple moving average is $42.41 and its 200 day simple moving average is $49.95. The company has a debt-to-equity ratio of 0.90, a quick ratio of 10.55 and a current ratio of 10.55. The company has a market cap of $780.89 million, a P/E ratio of -12.83 and a beta of 6.23. SharonAI Holdings, Inc. has a 12-month low of $1.90 and a 12-month high of $139.00.

SharonAI (NASDAQ:SHAZ - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($22.84) earnings per share for the quarter, missing analysts' consensus estimates of ($0.21) by ($22.63). The company had revenue of $1.93 million for the quarter. On average, analysts forecast that SharonAI Holdings, Inc. will post 10.96 EPS for the current year.

SharonAI 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.

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