AirJoule Technologies (NASDAQ:AIRJ) Posts Quarterly Earnings Results, Misses Estimates By $0.68 EPS

AirJoule Technologies (NASDAQ:AIRJ) posted its quarterly earnings data on Thursday. The company reported ($0.74) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.68), FiscalAI reports.

AirJoule Technologies Stock Performance

Shares of AirJoule Technologies stock traded down $0.19 on Friday, hitting $3.73. The company’s stock had a trading volume of 1,055,016 shares, compared to its average volume of 481,886. The company has a market capitalization of $255.32 million, a price-to-earnings ratio of -26.64 and a beta of 0.72. The firm has a fifty day moving average price of $3.19 and a 200-day moving average price of $3.52. AirJoule Technologies has a 1 year low of $2.22 and a 1 year high of $6.75.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AIRJ shares. Seaport Research Partners started coverage on AirJoule Technologies in a research report on Friday, May 8th. They set a “buy” rating and a $7.00 target price on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AirJoule Technologies in a report on Friday, March 27th. Finally, B. Riley Financial started coverage on AirJoule Technologies in a research report on Thursday, April 30th. They issued a “buy” rating and a $6.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $7.00.

Institutional Trading of AirJoule Technologies

A number of hedge funds have recently bought and sold shares of the business. Vident Advisory LLC purchased a new position in shares of AirJoule Technologies during the 4th quarter worth approximately $1,849,000. Geode Capital Management LLC grew its position in AirJoule Technologies by 111.1% in the 2nd quarter. Geode Capital Management LLC now owns 517,203 shares of the company’s stock valued at $2,395,000 after buying an additional 272,253 shares during the last quarter. Renaissance Technologies LLC raised its holdings in AirJoule Technologies by 417.1% during the fourth quarter. Renaissance Technologies LLC now owns 287,500 shares of the company’s stock worth $1,133,000 after purchasing an additional 231,900 shares in the last quarter. Marshall Wace LLP grew its position in AirJoule Technologies by 160.9% during the fourth quarter. Marshall Wace LLP now owns 314,948 shares of the company’s stock worth $1,241,000 after buying an additional 194,212 shares during the period. Finally, GWN Securities Inc. acquired a new stake in shares of AirJoule Technologies in the fourth quarter valued at approximately $604,000. Institutional investors and hedge funds own 63.65% of the company’s stock.

AirJoule Technologies Company Profile

Montana Technologies Corporation operates as an atmospheric renewable energy and water harvesting technology company. It provides energy and dehumidification, evaporative cooling, and atmospheric water generation through its AirJoule technology. The company is headquartered in Ronan, Montana.