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

Key Points

• Analysts have a consensus “Hold” rating on SharonAI Holdings, with three buys, one hold and one sell among five covering firms. The average 12-month price target is $107.67, though recent targets and ratings have been mixed.
• SHAZ opened at $49.79, well below its 50-day moving average of $69.94 and its 52-week high of $178.00. The stock has a market capitalization of about $833.7 million and a high beta of 6.02, indicating significant volatility.
• The company reported a quarterly loss of $1.43 per share on just $0.29 million in revenue, while analysts expect a full-year loss of $1.67 per share. SharonAI operates high-performance computing, cloud, GPU-as-a-service and AI infrastructure businesses.

Shares of SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ - Get Free Report) have been given an average recommendation of "Hold" by the five brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $107.6667.

A number of brokerages have weighed in on SHAZ. Cantor Fitzgerald cut their target price on shares of SharonAI Holdings, Inc. Class A Common Stock from $116.00 to $109.00 and set an "overweight" rating for the company in a research report on Friday. Wall Street Zen lowered shares of SharonAI Holdings, Inc. Class A Common Stock from a "hold" rating to a "sell" rating in a research report on Monday, July 20th. Zacks Research upgraded shares of SharonAI Holdings, Inc. Class A Common Stock to a "hold" rating in a research note on Friday, July 10th. B. Riley Financial began 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 price objective 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.

SharonAI Holdings, Inc. Class A Common Stock Price Performance

Shares of SHAZ opened at $49.79 on Friday. The company has a market capitalization of $833.68 million, a price-to-earnings ratio of -34.82 and a beta of 6.02. The company has a fifty day moving average price of $69.94. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.04 and a current ratio of 1.04. SharonAI Holdings, Inc. Class A Common Stock has a 1 year low of $1.90 and a 1 year high of $178.00.

SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ - Get Free Report) last issued 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. Sell-side analysts anticipate 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.

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