AirJoule Technologies (NASDAQ:AIRJ) Trading Down 3.4% – What’s Next?

AirJoule Technologies Corporation (NASDAQ:AIRJ)’s share price fell 3.4% on Tuesday . The stock traded as low as $4.72 and last traded at $4.84. Approximately 1,702,636 shares were traded during mid-day trading, an increase of 64% from the average daily volume of 1,035,628 shares. The stock had previously closed at $5.01.

Analyst Upgrades and Downgrades

AIRJ has been the topic of a number of analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of AirJoule Technologies in a research report on Thursday, August 13th. HC Wainwright reiterated a “buy” rating and issued a $12.00 price target on shares of AirJoule Technologies in a research report on Monday, May 18th. UBS Group set a $10.00 price target on AirJoule Technologies in a research note on Monday, August 17th. 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 target on the stock. Finally, B. Riley Financial lifted 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. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

AirJoule Technologies Stock Performance

The stock has a market cap of $356.47 million, a price-to-earnings ratio of -3.74 and a beta of 0.86. The stock has a fifty day simple moving average of $4.85 and a two-hundred day simple moving average of $3.97.

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

Institutional Investors Weigh In On AirJoule Technologies

A number of hedge funds have recently made changes to their positions in AIRJ. Raymond James Financial Inc. bought a new stake in shares of AirJoule Technologies during the 2nd quarter valued at approximately $31,000. Group One Trading LLC bought a new stake in shares of AirJoule Technologies during the second quarter worth $42,000. Fagan Associates Inc. acquired a new position in shares of AirJoule Technologies during the fourth quarter worth $46,000. Abel Hall LLC acquired a new stake in shares of AirJoule Technologies during the 4th quarter valued at $46,000. Finally, Invesco Ltd. acquired a new position in AirJoule Technologies in the 2nd quarter worth about $50,000. 63.65% of the stock is currently owned by institutional investors and hedge funds.

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.