SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) from a hold rating to a sell rating in a research note issued to investors on Monday morning.

Several other research analysts have also recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SharonAI Holdings, Inc. Class A Common Stock in a report on Monday, July 6th. 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 report on Monday, May 18th. B. Riley Financial began coverage on shares of SharonAI Holdings, Inc. Class A Common Stock in a research note on Thursday, July 9th. They set a “buy” rating and a $124.00 target price for the company. Cantor Fitzgerald began coverage on SharonAI Holdings, Inc. Class A Common Stock in a research note on Thursday, April 9th. They issued an “overweight” rating and a $40.00 price target on the stock. Finally, Zacks Research raised SharonAI Holdings, Inc. Class A Common Stock to a “hold” rating in a report on Friday, July 10th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, SharonAI Holdings, Inc. Class A Common Stock has a consensus rating of “Hold” and a consensus target price of $84.67.

SharonAI Holdings, Inc. Class A Common Stock Price Performance

Shares of NASDAQ:SHAZ opened at $70.49 on Monday. The firm’s fifty day moving average is $71.98. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $1.18 billion, a P/E ratio of -49.29 and a beta of 5.89. 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) last announced its quarterly earnings results on Friday, May 15th. The company reported ($1.43) earnings per share (EPS) for the quarter. The company had revenue of $0.29 million for the quarter. On average, sell-side analysts anticipate that SharonAI Holdings, Inc. Class A Common Stock will post -1.67 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.