SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) Shares Down 7.1% on Analyst Downgrade

SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ)’s stock price dropped 7.1% on Friday after Cantor Fitzgerald lowered their price target on the stock from $116.00 to $109.00. Cantor Fitzgerald currently has an overweight rating on the stock. SharonAI Holdings, Inc. Class A Common Stock traded as low as $48.10 and last traded at $48.47. Approximately 838,216 shares were traded during trading, a decline of 11% from the average session volume of 944,938 shares. The stock had previously closed at $52.15.

SHAZ has been the topic of several other research reports. Wall Street Zen downgraded SharonAI Holdings, Inc. Class A Common Stock from a “hold” rating to a “sell” rating in a research note on Monday, July 20th. Compass Point lifted their price objective on shares of SharonAI Holdings, Inc. Class A Common Stock from $50.00 to $90.00 and gave the company a “buy” rating in a report on Monday, May 18th. B. Riley Financial initiated coverage on shares of SharonAI Holdings, Inc. Class A Common Stock in a research note on Thursday, July 9th. They issued a “buy” rating and a $124.00 price target on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of SharonAI Holdings, Inc. Class A Common Stock in a report on Monday, July 6th. Finally, Zacks Research upgraded 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 issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $107.67.

SharonAI Holdings, Inc. Class A Common Stock Trading Down 7.1%

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 cap of $811.39 million, a PE ratio of -33.90 and a beta of 6.02. The firm’s 50-day simple moving average is $70.46.

SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) last released its earnings results on Friday, May 15th. The company reported ($1.43) earnings per share for the quarter. The business had revenue of $0.29 million during the quarter. On average, sell-side analysts forecast 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.