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

Shares of SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $104.50.

SHAZ has been the topic of several research reports. 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 on the stock in a research report on Friday, August 7th. Northland Securities initiated coverage on shares of SharonAI Holdings, Inc. Class A Common Stock in a research note on Friday, September 18th. They issued an “outperform” rating and a $95.00 price objective for the company. Zacks Research raised shares of SharonAI Holdings, Inc. Class A Common Stock to a “hold” rating in a report on Friday, July 10th. Weiss Ratings restated a “sell (d-)” rating on shares of SharonAI Holdings, Inc. Class A Common Stock in a research report on Monday, July 6th. Finally, B. Riley Financial initiated coverage on SharonAI Holdings, Inc. Class A Common Stock in a report on Thursday, July 9th. They issued a “buy” rating and a $124.00 price target for the company.

SharonAI Holdings, Inc. Class A Common Stock Stock Performance

Shares of SHAZ stock opened at $49.85 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 10.55 and a current ratio of 10.55. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of -29.32 and a beta of 6.00. SharonAI Holdings, Inc. Class A Common Stock has a 52 week low of $1.90 and a 52 week high of $178.00. The firm’s 50-day simple moving average is $57.03 and its two-hundred day simple moving average is $55.98.

SharonAI Holdings, Inc. Class A Common Stock (NASDAQ:SHAZ) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($22.84) earnings per share (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. As a group, equities analysts forecast that SharonAI Holdings, Inc. Class A Common Stock will post 10.96 earnings per share 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.