AirJoule Technologies (NASDAQ:AIRJ) Stock Price Up 9.2% – Here’s What Happened

AirJoule Technologies Corporation (NASDAQ:AIRJ) rose 9.2% during trading on Thursday . The stock traded as high as $4.42 and last traded at $4.39. 1,026,171 shares traded hands during trading, an increase of 12% from the average daily volume of 918,622 shares. The stock had previously closed at $4.02.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AIRJ shares. Weiss Ratings raised shares of AirJoule Technologies from a “sell (e+)” rating to a “sell (d)” rating in a research note on Monday, May 18th. HC Wainwright reissued a “buy” rating and issued a $12.00 price target on shares of AirJoule Technologies in a report on Monday, May 18th. Seaport Research Partners initiated coverage on shares of 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, B. Riley Financial began coverage on shares of AirJoule Technologies in a report on Thursday, April 30th. They set a “buy” rating and a $6.00 price objective for the company. 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. Based on data from MarketBeat.com, AirJoule Technologies has an average rating of “Moderate Buy” and a consensus target price of $8.25.

AirJoule Technologies Trading Down 3.6%

The stock has a fifty day moving average of $4.54 and a two-hundred day moving average of $3.72. The company has a market capitalization of $306.26 million, a PE ratio of -3.71 and a beta of 0.83.

AirJoule Technologies (NASDAQ:AIRJ) last issued its earnings results on Thursday, May 14th. The company reported ($0.74) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.68). Equities analysts forecast that AirJoule Technologies Corporation will post -0.14 EPS for the current year.

Institutional Trading of AirJoule Technologies

Several institutional investors have recently added to or reduced their stakes in AIRJ. Raymond James Financial Inc. purchased a new position in shares of AirJoule Technologies in the second quarter worth about $31,000. Group One Trading LLC purchased a new position in AirJoule Technologies in the 2nd quarter worth approximately $42,000. Fagan Associates Inc. bought a new stake in AirJoule Technologies in the fourth quarter valued at approximately $46,000. Abel Hall LLC purchased a new stake in shares of AirJoule Technologies during the fourth quarter valued at approximately $46,000. Finally, Invesco Ltd. bought a new position in shares of AirJoule Technologies in the second quarter worth approximately $50,000. 63.65% of the stock is currently owned by hedge funds and other institutional investors.

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.