AirJoule Technologies (NASDAQ:AIRJ) Trading 1.6% Higher – Still a Buy?

Shares of AirJoule Technologies Corporation (NASDAQ:AIRJ) shot up 1.6% on Wednesday . The stock traded as high as $4.52 and last traded at $4.43. Approximately 823,828 shares traded hands during mid-day trading, a decline of 20% from the average session volume of 1,032,510 shares. The stock had previously closed at $4.36.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Weiss Ratings restated a “sell (d)” rating on shares of AirJoule Technologies in a research report on Thursday, August 13th. Needham & Company LLC started coverage on AirJoule Technologies in a report on Monday. They issued a “hold” rating for the company. Seaport Research Partners initiated 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. B. Riley Financial raised their price objective on AirJoule Technologies from $6.00 to $8.00 and gave the company a “buy” rating in a report on Monday, August 17th. Finally, UBS Group set a $10.00 price objective on shares of AirJoule Technologies in a report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, AirJoule Technologies currently has an average rating of “Moderate Buy” and an average price target of $9.50.

AirJoule Technologies Stock Up 1.6%

The company’s fifty day moving average price is $4.85 and its 200-day moving average price is $4.04. The stock has a market capitalization of $324.94 million, a PE ratio of -3.41 and a beta of 0.87.

AirJoule Technologies (NASDAQ:AIRJ) last posted its earnings results on Thursday, August 13th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.04). Equities research analysts anticipate that AirJoule Technologies Corporation will post -0.09 earnings per share for the current year.

Institutional Trading of AirJoule Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of AIRJ. Bank of America Corp DE lifted its holdings in shares of AirJoule Technologies by 8,851.2% in the 4th quarter. Bank of America Corp DE now owns 11,189 shares of the company’s stock valued at $89,000 after acquiring an additional 11,064 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of AirJoule Technologies by 46.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 85,150 shares of the company’s stock worth $393,000 after purchasing an additional 26,995 shares during the period. Jane Street Group LLC increased its position in shares of AirJoule Technologies by 103.2% during the 1st quarter. Jane Street Group LLC now owns 29,956 shares of the company’s stock valued at $138,000 after purchasing an additional 15,212 shares during the last quarter. Geode Capital Management LLC boosted its stake in AirJoule Technologies by 111.1% during the second quarter. Geode Capital Management LLC now owns 517,203 shares of the company’s stock worth $2,395,000 after buying an additional 272,253 shares during the period. Finally, Creative Planning bought a new position in AirJoule Technologies during the second quarter valued at $441,000. 63.65% of the stock is currently owned by 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.