SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) Stock Has Average Target Price of $104.50

Shares of SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) have earned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $104.50.

Several research firms have recently commented on SHAZ. Cantor Fitzgerald lowered their price target 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, August 7th. Wall Street Zen downgraded 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. Weiss Ratings reissued a “sell (d-)” rating on shares of SharonAI Holdings, Inc. Class A Common Stock in a research note on Monday, July 6th. B. Riley Financial assumed coverage on shares of SharonAI Holdings, Inc. Class A Common Stock in a research report on Thursday, July 9th. They issued a “buy” rating and a $124.00 target price for the company. Finally, Zacks Research upgraded shares of SharonAI Holdings, Inc. Class A Common Stock to a “hold” rating in a research note on Friday, July 10th.

SharonAI Holdings, Inc. Class A Common Stock Trading Up 2.4%

NASDAQ:SHAZ opened at $54.17 on Friday. SharonAI Holdings, Inc. Class A Common Stock has a 12-month low of $1.90 and a 12-month high of $178.00. The firm has a market capitalization of $1.94 billion, a P/E ratio of -31.86 and a beta of 5.89. The company has a debt-to-equity ratio of 0.90, a current ratio of 10.55 and a quick ratio of 10.55. The business has a 50 day simple moving average of $57.75 and a 200 day simple moving average of $55.55.

SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) last issued its earnings results on Thursday, August 6th. The company reported ($22.84) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($22.63). The business had revenue of $1.93 million during the quarter. Equities research analysts predict that SharonAI Holdings, Inc. Class A Common Stock will post 10.96 EPS for the current 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.