AirJoule Technologies (NASDAQ:AIRJ) Shares Down 3.8% – Should You Sell?

AirJoule Technologies Corporation (NASDAQ:AIRJ) was down 3.8% during mid-day trading on Monday . The stock traded as low as $5.77 and last traded at $5.81. Approximately 1,760,219 shares traded hands during trading, an increase of 73% from the average daily volume of 1,017,038 shares. The stock had previously closed at $6.04.

Analyst Ratings Changes

AIRJ has been the subject of a number of research reports. Weiss Ratings restated a “sell (d)” rating on shares of AirJoule Technologies in a report on Thursday. B. Riley Financial increased their price objective on shares of AirJoule Technologies from $6.00 to $8.00 and gave the stock a “buy” rating in a research report on Monday. Seaport Research Partners started coverage on AirJoule Technologies in a research note on Friday, May 8th. They issued a “buy” rating and a $7.00 target price for the company. UBS Group set a $10.00 target price on AirJoule Technologies in a research report on Monday. Finally, HC Wainwright reaffirmed a “buy” rating and set a $12.00 price target on shares of AirJoule Technologies in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, AirJoule Technologies has an average rating of “Moderate Buy” and an average price target of $9.50.

AirJoule Technologies Trading Down 3.8%

The firm’s 50-day moving average is $4.74 and its 200-day moving average is $3.89. The firm has a market cap of $420.64 million, a price-to-earnings ratio of -4.47 and a beta of 0.86.

AirJoule Technologies (NASDAQ:AIRJ) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.04). Analysts forecast that AirJoule Technologies Corporation will post -0.14 EPS for the current fiscal year.

Institutional Trading of AirJoule Technologies

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vident Advisory LLC bought a new stake in AirJoule Technologies during the fourth quarter worth $1,849,000. Geode Capital Management LLC lifted its stake in AirJoule Technologies by 111.1% during the 2nd quarter. Geode Capital Management LLC now owns 517,203 shares of the company’s stock valued at $2,395,000 after acquiring an additional 272,253 shares in the last quarter. Renaissance Technologies LLC lifted its stake in AirJoule Technologies by 417.1% during the 4th quarter. Renaissance Technologies LLC now owns 287,500 shares of the company’s stock valued at $1,133,000 after acquiring an additional 231,900 shares in the last quarter. Marshall Wace LLP boosted its holdings in AirJoule Technologies by 160.9% during the 4th quarter. Marshall Wace LLP now owns 314,948 shares of the company’s stock worth $1,241,000 after acquiring an additional 194,212 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in AirJoule Technologies during the 1st quarter worth $482,000. 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.