AirJoule Technologies Corporation (NASDAQ:AIRJ) Receives $8.25 Average Price Target from Analysts

Shares of AirJoule Technologies Corporation (NASDAQ:AIRJ) have been given an average rating of “Moderate Buy” by the five ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $8.25.

Several research firms have commented on AIRJ. Weiss Ratings upgraded AirJoule Technologies from a “sell (e+)” rating to a “sell (d)” rating in a research report on Monday, May 18th. B. Riley Financial started coverage on AirJoule Technologies in a report on Thursday, April 30th. They set a “buy” rating and a $6.00 price target on the stock. HC Wainwright reaffirmed a “buy” rating and issued a $12.00 price objective on shares of AirJoule Technologies in a research note on Monday, May 18th. Finally, Seaport Research Partners assumed coverage on shares of AirJoule Technologies in a report on Friday, May 8th. They issued a “buy” rating and a $7.00 price objective for the company.

AirJoule Technologies Stock Performance

Shares of NASDAQ:AIRJ opened at $4.84 on Friday. AirJoule Technologies has a 52-week low of $2.22 and a 52-week high of $6.75. The company has a market capitalization of $350.42 million, a PE ratio of -4.25 and a beta of 0.83. The company has a fifty day moving average of $4.26 and a 200-day moving average of $3.68.

AirJoule Technologies (NASDAQ:AIRJ) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.74) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.68). On average, equities analysts forecast that AirJoule Technologies will post -0.14 EPS for the current fiscal year.

Hedge Funds Weigh In On AirJoule Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Corient Private Wealth LLC lifted its holdings in shares of AirJoule Technologies by 8.3% during the fourth quarter. Corient Private Wealth LLC now owns 1,788,563 shares of the company’s stock worth $7,047,000 after purchasing an additional 137,337 shares during the period. Vanguard Group Inc. grew its stake in shares of AirJoule Technologies by 6.8% in the third quarter. Vanguard Group Inc. now owns 1,162,542 shares of the company’s stock worth $5,452,000 after purchasing an additional 73,661 shares during the last quarter. Geode Capital Management LLC increased its holdings in AirJoule Technologies by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 584,590 shares of the company’s stock valued at $2,304,000 after purchasing an additional 27,648 shares during the period. Vident Advisory LLC acquired a new stake in AirJoule Technologies in the fourth quarter valued at $1,849,000. Finally, State Street Corp raised its position in AirJoule Technologies by 45.1% during the 4th quarter. State Street Corp now owns 416,263 shares of the company’s stock worth $1,640,000 after purchasing an additional 129,418 shares during the last quarter. 63.65% of the stock is currently owned by institutional investors and hedge funds.

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.