AirJoule Technologies Corporation (NASDAQ:AIRJ) Receives Average Rating of “Moderate Buy” from Analysts

AirJoule Technologies Corporation (NASDAQ:AIRJ) has received a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $8.25.

A number of equities research analysts have recently issued reports on AIRJ shares. HC Wainwright reissued a “buy” rating and issued a $12.00 price target on shares of AirJoule Technologies in a research note on Monday, May 18th. B. Riley Financial started coverage on shares of AirJoule Technologies in a research note on Thursday, April 30th. They issued a “buy” rating and a $6.00 price target on the stock. Weiss Ratings raised shares of AirJoule Technologies from a “sell (e+)” rating to a “sell (d)” rating in a research note on Monday, May 18th. Finally, Seaport Research Partners started coverage on shares of AirJoule Technologies in a research note on Friday, May 8th. They issued a “buy” rating and a $7.00 price target on the stock.

AirJoule Technologies Stock Performance

AirJoule Technologies stock opened at $4.87 on Tuesday. The company’s 50 day simple moving average is $3.58 and its 200-day simple moving average is $3.48. The company has a market capitalization of $333.35 million, a price-to-earnings ratio of -4.27 and a beta of 0.88. AirJoule Technologies has a 1 year low of $2.22 and a 1 year high of $6.75.

AirJoule Technologies (NASDAQ:AIRJ) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.74) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.68). Equities analysts expect that AirJoule Technologies will post -0.14 earnings per share for the current year.

Institutional Investors Weigh In On AirJoule Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its stake in shares of AirJoule Technologies by 16.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 24,113 shares of the company’s stock valued at $95,000 after acquiring an additional 3,323 shares during the period. Barclays PLC grew its holdings in shares of AirJoule Technologies by 11.1% in the fourth quarter. Barclays PLC now owns 37,506 shares of the company’s stock valued at $148,000 after purchasing an additional 3,760 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of AirJoule Technologies by 15.7% in the first quarter. Private Advisor Group LLC now owns 29,500 shares of the company’s stock valued at $74,000 after purchasing an additional 4,000 shares in the last quarter. Group One Trading LLC grew its holdings in shares of AirJoule Technologies by 45.6% in the third quarter. Group One Trading LLC now owns 13,100 shares of the company’s stock valued at $61,000 after purchasing an additional 4,100 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of AirJoule Technologies in the second quarter valued at approximately $31,000. 63.65% of the stock is owned by hedge funds and other institutional investors.

About AirJoule Technologies

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.