AirJoule Technologies Corporation (AIRJ) – What Are Analysts Saying About This Stock?

Shares of AirJoule Technologies Corporation (NASDAQ:AIRJ) have received an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $9.20.

A number of brokerages have issued reports on AIRJ. B. Riley Financial raised their price target on AirJoule Technologies from $6.00 to $8.00 and gave the stock a “buy” rating in a research note on Monday, August 17th. Needham & Company LLC initiated coverage on shares of AirJoule Technologies in a research report on Monday, August 31st. They issued a “hold” rating for the company. UBS Group set a $10.00 target price on shares of AirJoule Technologies in a research note on Monday, August 17th. Weiss Ratings reissued a “sell (d)” rating on shares of AirJoule Technologies in a research note on Thursday, August 13th. Finally, D. Boral Capital began coverage on shares of AirJoule Technologies in a report on Friday, October 2nd. They set a “buy” rating and a $8.00 target price on the stock.

AirJoule Technologies Stock Down 12.1%

Shares of AirJoule Technologies stock opened at $2.10 on Friday. AirJoule Technologies has a fifty-two week low of $2.07 and a fifty-two week high of $6.65. The firm has a market cap of $154.03 million, a PE ratio of -1.62 and a beta of 0.95. The business’s fifty day moving average is $3.69 and its two-hundred day moving average is $3.88.

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

Insider Transactions at AirJoule Technologies

In other AirJoule Technologies news, CEO Matthew Jore sold 50,000 shares of the firm’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $3.06, for a total value of $153,000.00. Following the transaction, the chief executive officer directly owned 7,698,020 shares of the company’s stock, valued at $23,555,941.20. This trade represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 50.90% of the company’s stock.

Institutional Investors Weigh In On AirJoule Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Fagan Associates Inc. acquired a new position in AirJoule Technologies during the 3rd quarter worth approximately $59,000. Bank of America Corp DE boosted its holdings in AirJoule Technologies by 63.5% in the 1st quarter. Bank of America Corp DE now owns 25,779 shares of the company’s stock worth $65,000 after acquiring an additional 10,011 shares during the period. Isthmus Partners LLC acquired a new stake in AirJoule Technologies in the third quarter valued at approximately $66,000. StoneX Group Inc. acquired a new stake in AirJoule Technologies in the third quarter valued at approximately $72,000. Finally, Private Advisor Group LLC grew its position in 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 acquiring an additional 4,000 shares in the last quarter. Hedge funds and other institutional investors own 63.65% of the company’s stock.

AirJoule Technologies Company Profile

AirJoule Technologies Corporation (NASDAQ:AIRJ) is a climate technology company focused on extracting water from atmospheric air and improving the efficiency of air-conditioning and dehumidification systems. Its technology is designed to capture water vapor using proprietary sorbent materials and separate it from air with comparatively low energy requirements.

The company’s AirJoule platform supports atmospheric water-generation systems that can produce water in locations where conventional water supplies are limited.