AirJoule Technologies (NASDAQ:AIRJ) Stock Price Down 8.4% – Should You Sell?

AirJoule Technologies Corporation (NASDAQ:AIRJ) shares traded down 8.4% on Tuesday . The stock traded as low as $5.26 and last traded at $5.32. Approximately 1,662,549 shares were traded during mid-day trading, an increase of 63% from the average daily volume of 1,019,743 shares. The stock had previously closed at $5.81.

Wall Street Analyst Weigh In

Several equities analysts have commented on AIRJ shares. HC Wainwright reiterated a “buy” rating and set a $12.00 price objective on shares of AirJoule Technologies in a research report on Monday, May 18th. UBS Group set a $10.00 price target on shares of AirJoule Technologies in a report on Monday. B. Riley Financial boosted their price objective on AirJoule Technologies from $6.00 to $8.00 and gave the stock a “buy” rating in a research note on Monday. Seaport Research Partners started 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. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of AirJoule Technologies in a research note on Thursday. One investment 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 stock. According to MarketBeat, AirJoule Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $9.50.

AirJoule Technologies Stock Performance

The company has a market capitalization of $385.17 million, a P/E ratio of -4.09 and a beta of 0.86. The firm’s fifty day moving average is $4.76 and its 200 day moving average is $3.91.

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

Institutional Investors Weigh In On AirJoule Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. bought a new position in AirJoule Technologies in the 2nd quarter valued at $31,000. Group One Trading LLC purchased a new stake in AirJoule Technologies in the second quarter worth $42,000. Fagan Associates Inc. bought a new stake in shares of AirJoule Technologies during the fourth quarter worth $46,000. Abel Hall LLC bought a new stake in shares of AirJoule Technologies during the fourth quarter worth $46,000. Finally, Invesco Ltd. purchased a new stake in shares of AirJoule Technologies during the second quarter valued at $50,000. 63.65% of the stock is 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.