AirJoule Technologies Corporation (NASDAQ:AIRJ) Receives Average Rating of “Moderate Buy” from Brokerages

AirJoule Technologies Corporation (NASDAQ:AIRJ) has been assigned an average rating of “Moderate Buy” from the five research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $9.50.

A number of analysts recently commented on AIRJ shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of AirJoule Technologies in a research report on Monday, December 22nd. LADENBURG THALM/SH SH started coverage on shares of AirJoule Technologies in a research report on Tuesday, December 16th. They set a “buy” rating and a $8.00 price target for the company. Lucid Cap Mkts raised shares of AirJoule Technologies to a “strong-buy” rating in a research note on Monday, December 22nd. Finally, UBS Group set a $7.00 price objective on shares of AirJoule Technologies in a research note on Monday, December 22nd.

Insider Buying and Selling at AirJoule Technologies

In related news, Director Thomas Edward Murphy bought 17,500 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were purchased at an average price of $2.86 per share, with a total value of $50,050.00. Following the completion of the purchase, the director owned 17,500 shares of the company’s stock, valued at $50,050. This represents a ? increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Stuart D. Porter bought 264,150 shares of AirJoule Technologies stock in a transaction on Wednesday, December 10th. The shares were bought at an average price of $2.95 per share, for a total transaction of $779,242.50. Following the acquisition, the director owned 623,033 shares of the company’s stock, valued at approximately $1,837,947.35. The trade was a 73.60% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 387,264 shares of company stock worth $1,135,297 over the last 90 days. 40.39% of the stock is owned by corporate insiders.

Institutional Trading of AirJoule Technologies

A number of hedge funds have recently modified their holdings of AIRJ. Police & Firemen s Retirement System of New Jersey acquired a new position in AirJoule Technologies during the second quarter valued at approximately $29,000. Nisa Investment Advisors LLC acquired a new position in shares of AirJoule Technologies in the 2nd quarter valued at $29,000. Raymond James Financial Inc. acquired a new position in shares of AirJoule Technologies in the 2nd quarter valued at $31,000. Group One Trading LLC bought a new stake in shares of AirJoule Technologies in the 2nd quarter valued at $42,000. Finally, Corton Capital Inc. acquired a new stake in AirJoule Technologies during the 2nd quarter worth $48,000. 63.65% of the stock is currently owned by institutional investors and hedge funds.

AirJoule Technologies Price Performance

AIRJ stock opened at $4.35 on Tuesday. The company has a 50 day moving average price of $4.01 and a 200 day moving average price of $4.50. AirJoule Technologies has a fifty-two week low of $2.61 and a fifty-two week high of $9.95. The stock has a market capitalization of $263.96 million, a PE ratio of -29.00 and a beta of 0.49.

AirJoule Technologies (NASDAQ:AIRJ) last announced its quarterly earnings data on Thursday, November 13th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.03. As a group, equities analysts expect that AirJoule Technologies will post 4.97 earnings per share for the current fiscal year.

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.