CenterBook Partners LP Purchases New Stake in SharonAI Holdings, Inc. $SHAZ

CenterBook Partners LP acquired a new position in shares of SharonAI Holdings, Inc. (NASDAQ:SHAZ) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 129,519 shares of the company’s stock, valued at approximately $7,072,000.

Separately, Steel Grove Capital Advisors LLC acquired a new position in SharonAI during the third quarter worth $205,000. 25.44% of the stock is owned by institutional investors.

SharonAI Trading Up 11.5%

SHAZ stock traded up $2.25 during mid-day trading on Friday, hitting $21.81. 3,055,816 shares of the company were exchanged, compared to its average volume of 2,102,644. The company has a quick ratio of 10.55, a current ratio of 10.55 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $780.89 million, a P/E ratio of -12.83 and a beta of 6.23. The business has a fifty day simple moving average of $42.41 and a 200-day simple moving average of $49.95. SharonAI Holdings, Inc. has a 12-month low of $1.90 and a 12-month high of $139.00.

SharonAI (NASDAQ:SHAZ) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($22.84) EPS for the quarter, missing the consensus estimate of ($0.21) by ($22.63). The firm had revenue of $1.93 million for the quarter. On average, equities research analysts predict that SharonAI Holdings, Inc. will post 10.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on SHAZ. Wall Street Zen cut SharonAI from a “hold” rating to a “sell” rating in a report on Monday, July 20th. Northland Securities began coverage on shares of SharonAI in a research report on Friday, September 18th. They set an “outperform” rating and a $95.00 price target on the stock. Cantor Fitzgerald lowered their price target on shares of SharonAI from $116.00 to $109.00 and set an “overweight” rating on the stock in a research report on Friday, August 7th. Zacks Research raised shares of SharonAI to a “hold” rating in a report on Friday, July 10th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of SharonAI in a research report on Friday, October 2nd. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, SharonAI presently has an average rating of “Moderate Buy” and an average target price of $104.50.

SharonAI 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.