Shares of SharonAI Holdings, Inc. (NASDAQ:SHAZ – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $104.50.
SHAZ has been the subject of several analyst reports. Cantor Fitzgerald decreased their price objective on shares of SharonAI from $116.00 to $109.00 and set an “overweight” rating for the company in a research note on Friday, August 7th. Northland Securities began coverage on shares of SharonAI in a report on Friday, September 18th. They set an “outperform” rating and a $95.00 price objective on the stock. Zacks Research upgraded SharonAI to a “hold” rating in a research note on Friday, July 10th. Weiss Ratings restated a “sell (d-)” rating on shares of SharonAI in a research report on Friday, October 2nd. Finally, B. Riley Financial started coverage on SharonAI in a research report on Thursday, July 9th. They set a “buy” rating and a $124.00 price target for the company.
Get Our Latest Research Report on SharonAI
Hedge Funds Weigh In On SharonAI
An institutional investor recently bought a new stake in SharonAI stock. Steel Grove Capital Advisors LLC bought a new position in shares of SharonAI Holdings, Inc. (NASDAQ:SHAZ – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,750 shares of the company’s stock, valued at approximately $205,000. 25.44% of the stock is owned by hedge funds and other institutional investors.
SharonAI Trading Up 10.6%
Shares of SHAZ stock opened at $28.47 on Thursday. The company has a current ratio of 10.55, a quick ratio of 10.55 and a debt-to-equity ratio of 0.90. SharonAI has a 12-month low of $1.90 and a 12-month high of $139.00. The stock has a market capitalization of $1.02 billion, a P/E ratio of -16.75 and a beta of 5.89. The firm’s 50 day moving average is $47.70 and its 200 day moving average is $51.02.
SharonAI (NASDAQ:SHAZ – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($22.84) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($22.63). The firm had revenue of $1.93 million for the quarter. Research analysts expect that SharonAI will post 10.96 earnings per share for the current year.
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.
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