AirJoule Technologies (NASDAQ:AIRJ) Trading Up 7.9% – What’s Next?

AirJoule Technologies Corporation (NASDAQ:AIRJ) shares were up 7.9% on Tuesday . The stock traded as high as $6.42 and last traded at $6.40. 1,748,630 shares were traded during trading, an increase of 76% from the average daily volume of 991,565 shares. The stock had previously closed at $5.93.

Analyst Upgrades and Downgrades

Several brokerages have commented on AIRJ. B. Riley Financial assumed coverage on AirJoule Technologies in a research note on Thursday, April 30th. They set a “buy” rating and a $6.00 target price on the stock. HC Wainwright restated a “buy” rating and issued a $12.00 price target on shares of AirJoule Technologies in a research note on Monday, May 18th. Weiss Ratings raised AirJoule Technologies from a “sell (e+)” rating to a “sell (d)” rating in a report on Monday, May 18th. Finally, Seaport Research Partners assumed coverage on AirJoule Technologies in a research report on Friday, May 8th. They set a “buy” rating and a $7.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.25.

AirJoule Technologies Stock Up 7.9%

The firm’s fifty day moving average price is $4.67 and its two-hundred day moving average price is $3.81. The stock has a market capitalization of $463.36 million, a PE ratio of -5.61 and a beta of 0.86.

AirJoule Technologies (NASDAQ:AIRJ) last issued its earnings results on Thursday, May 14th. The company reported ($0.74) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.68). As a group, analysts predict that AirJoule Technologies Corporation will post -0.14 EPS for the current year.

Hedge Funds Weigh In On AirJoule Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. Corient Private Wealth LLC grew its holdings in shares of AirJoule Technologies by 8.3% in the fourth quarter. Corient Private Wealth LLC now owns 1,788,563 shares of the company’s stock worth $7,047,000 after acquiring an additional 137,337 shares during the period. Vanguard Group Inc. increased its position in AirJoule Technologies by 6.8% during the third quarter. Vanguard Group Inc. now owns 1,162,542 shares of the company’s stock valued at $5,452,000 after acquiring an additional 73,661 shares during the last quarter. Geode Capital Management LLC lifted 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 acquiring an additional 27,648 shares during the period. Vident Advisory LLC bought a new position in AirJoule Technologies in the fourth quarter valued at about $1,849,000. Finally, State Street Corp boosted its position in AirJoule Technologies by 45.1% in the fourth 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 hedge funds and other institutional investors.

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.