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

SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) has been given a consensus rating of “Moderate Buy” by the six analysts that are covering the firm, MarketBeat.com reports. One equities 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 12 month target price among brokers that have issued a report on the stock in the last year is $104.50.

Several equities research analysts recently issued reports on SHAZ shares. Northland Securities initiated coverage on SharonAI Holdings, Inc. Class A Common Stock in a report on Friday, September 18th. They issued an “outperform” rating and a $95.00 price objective on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of SharonAI Holdings, Inc. Class A Common Stock in a research report on Monday, July 6th. B. Riley Financial started coverage on SharonAI Holdings, Inc. Class A Common Stock in a report on Thursday, July 9th. They set a “buy” rating and a $124.00 price target on the stock. Cantor Fitzgerald reduced their price target on SharonAI Holdings, Inc. Class A Common Stock from $116.00 to $109.00 and set an “overweight” rating on the stock in a research report on Friday, August 7th. Finally, Zacks Research raised SharonAI Holdings, Inc. Class A Common Stock to a “hold” rating in a research report on Friday, July 10th.

SharonAI Holdings, Inc. Class A Common Stock Stock Performance

Shares of SHAZ stock opened at $50.81 on Friday. The firm’s 50 day moving average price is $56.74 and its 200-day moving average price is $55.95. The company has a debt-to-equity ratio of 0.90, a quick ratio of 10.55 and a current ratio of 10.55. SharonAI Holdings, Inc. Class A Common Stock has a one year low of $1.90 and a one year high of $178.00. The firm has a market cap of $1.82 billion, a P/E ratio of -29.89 and a beta of 6.00.

SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) last posted its quarterly earnings data 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. As a group, equities research analysts predict that SharonAI Holdings, Inc. Class A Common Stock will post 10.96 EPS for the current 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.