SharonAI (NASDAQ:SHAZ) Stock Bumped Down to “Strong Sell” by Wall Street Zen

Wall Street Zen lowered shares of SharonAI (NASDAQ:SHAZ) from a sell rating to a strong sell rating in a research report released on Saturday morning,Wall Street Zen reports.

SHAZ has been the topic of several other research reports. Cantor Fitzgerald dropped their price target on shares of SharonAI from $116.00 to $109.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Northland Securities started coverage on SharonAI in a research report on Friday, September 18th. They set an “outperform” rating and a $95.00 price objective for the company. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of SharonAI in a report on Friday, October 2nd. Four equities 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $104.50.

SharonAI Stock Performance

NASDAQ:SHAZ traded down $1.73 during mid-day trading on Friday, hitting $22.56. The stock had a trading volume of 2,800,795 shares, compared to its average volume of 2,262,137. The company has a current ratio of 10.55, a quick ratio of 10.55 and a debt-to-equity ratio of 0.90. The company has a 50 day simple moving average of $39.44 and a 200-day simple moving average of $49.27. The stock has a market capitalization of $807.65 million, a price-to-earnings ratio of -13.27 and a beta of 6.23. SharonAI has a 52 week low of $1.90 and a 52 week high of $139.00.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. State Street Corp raised its position in SharonAI by 60.7% in the third quarter. State Street Corp now owns 210,171 shares of the company’s stock worth $11,475,000 after acquiring an additional 79,417 shares in the last quarter. CenterBook Partners LP bought a new position in shares of SharonAI during the 3rd quarter valued at about $7,072,000. Creek Drive Management Group LLC bought a new position in shares of SharonAI during the 3rd quarter valued at about $3,385,000. LuminArx Capital Management LP grew its stake in shares of SharonAI by 122.1% in the 3rd quarter. LuminArx Capital Management LP now owns 36,374 shares of the company’s stock worth $1,986,000 after purchasing an additional 20,000 shares during the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of SharonAI in the 3rd quarter worth approximately $1,725,000. 25.44% of the stock is owned by institutional investors and hedge funds.

About SharonAI

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.