AirJoule Technologies (NASDAQ:AIRJ) Issues Quarterly Earnings Results, Misses Estimates By $0.28 EPS

AirJoule Technologies (NASDAQ:AIRJ) announced its earnings results on Tuesday. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.28), FiscalAI reports.

AirJoule Technologies Stock Performance

AIRJ opened at $2.90 on Tuesday. AirJoule Technologies has a 1 year low of $2.61 and a 1 year high of $6.75. The company’s 50 day simple moving average is $3.26 and its 200 day simple moving average is $3.95. The stock has a market capitalization of $175.97 million, a PE ratio of -19.33 and a beta of 0.45.

Insider Buying and Selling

In related news, Chairman Patrick C. Eilers purchased 76,923 shares of the business’s stock in a transaction on Thursday, January 15th. The shares were bought at an average price of $3.25 per share, with a total value of $249,999.75. Following the completion of the purchase, the chairman directly owned 1,860,518 shares in the company, valued at approximately $6,046,683.50. This trade represents a 4.31% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Stuart D. Porter purchased 153,846 shares of the firm’s stock in a transaction on Thursday, January 15th. The stock was bought at an average price of $3.25 per share, for a total transaction of $499,999.50. Following the acquisition, the director owned 776,879 shares in the company, valued at $2,524,856.75. The trade was a 24.69% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have acquired 238,461 shares of company stock worth $774,998. 40.39% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AirJoule Technologies

A number of institutional investors have recently added to or reduced their stakes in AIRJ. Los Angeles Capital Management LLC purchased a new position in shares of AirJoule Technologies in the 4th quarter worth about $181,000. Jane Street Group LLC grew its holdings in shares of AirJoule Technologies by 103.2% during the 1st quarter. Jane Street Group LLC now owns 29,956 shares of the company’s stock worth $138,000 after purchasing an additional 15,212 shares during the period. Wells Fargo & Company MN increased its position in AirJoule Technologies by 42.7% during the 4th quarter. Wells Fargo & Company MN now owns 28,295 shares of the company’s stock worth $111,000 after purchasing an additional 8,472 shares in the last quarter. New York State Common Retirement Fund acquired a new stake in AirJoule Technologies during the 2nd quarter worth approximately $98,000. Finally, Bank of America Corp DE raised its holdings in AirJoule Technologies by 8,851.2% in the fourth quarter. Bank of America Corp DE now owns 11,189 shares of the company’s stock valued at $89,000 after buying an additional 11,064 shares during the period. Hedge funds and other institutional investors own 63.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AIRJ. UBS Group set a $7.00 price target on shares of AirJoule Technologies in a report on Monday, December 22nd. Weiss Ratings restated a “sell (e+)” rating on shares of AirJoule Technologies in a research report on Friday. Lucid Cap Mkts upgraded AirJoule Technologies to a “strong-buy” rating in a report on Monday, December 22nd. Finally, LADENBURG THALM/SH SH started coverage on AirJoule Technologies in a research note on Tuesday, December 16th. They set a “buy” rating and a $8.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $7.50.

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.