AirJoule Technologies (NASDAQ:AIRJ) Trading Up 7.9% – What’s Next?

AirJoule Technologies Corporation (NASDAQ:AIRJ) shares were up 7.9% during mid-day trading on Tuesday . The company traded as high as $6.42 and last traded at $6.40. 1,748,630 shares changed hands during trading, an increase of 76% from the average session volume of 991,565 shares. The stock had previously closed at $5.93.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. B. Riley Financial initiated coverage on shares of AirJoule Technologies in a report on Thursday, April 30th. They issued a “buy” rating and a $6.00 target price on the stock. HC Wainwright reiterated a “buy” rating and issued a $12.00 price target on shares of AirJoule Technologies in a report on Monday, May 18th. Weiss Ratings upgraded shares of AirJoule Technologies from a “sell (e+)” rating to a “sell (d)” rating in a research note on Monday, May 18th. Finally, Seaport Research Partners assumed coverage on shares of AirJoule Technologies in a report on Friday, May 8th. They set a “buy” rating and a $7.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $8.25.

AirJoule Technologies Price Performance

The company’s 50-day simple moving average is $4.70 and its 200 day simple moving average is $3.85. The firm has a market cap of $459.38 million, a P/E ratio of -5.52 and a beta of 0.86.

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

Institutional Investors Weigh In On AirJoule Technologies

Several large investors have recently added to or reduced their stakes in AIRJ. Raymond James Financial Inc. bought a new stake in shares of AirJoule Technologies in the 2nd quarter valued at approximately $31,000. Group One Trading LLC bought a new position in shares of AirJoule Technologies during the 2nd quarter valued at approximately $42,000. Fagan Associates Inc. purchased a new stake in AirJoule Technologies during the 4th quarter valued at $46,000. Abel Hall LLC purchased a new stake in AirJoule Technologies during the 4th quarter valued at $46,000. Finally, Invesco Ltd. purchased a new stake in AirJoule Technologies during the 2nd quarter valued at $50,000. 63.65% of the stock is owned by 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.