AirJoule Technologies Corporation (NASDAQ:AIRJ) Receives Average Recommendation of “Moderate Buy” from Brokerages

AirJoule Technologies Corporation (NASDAQ:AIRJ) has earned an average recommendation of “Moderate Buy” from the five ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $8.25.

A number of equities analysts have weighed in on AIRJ shares. B. Riley Financial assumed coverage on AirJoule Technologies in a research report on Thursday, April 30th. They set a “buy” rating and a $6.00 price target on the stock. Seaport Research Partners began coverage on AirJoule Technologies in a research note on Friday, May 8th. They set a “buy” rating and a $7.00 target price on the stock. 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. Finally, 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.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AIRJ. Goldman Sachs Group Inc. raised its stake in AirJoule Technologies by 16.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 24,113 shares of the company’s stock valued at $95,000 after purchasing an additional 3,323 shares in the last quarter. Barclays PLC raised its position in AirJoule Technologies by 11.1% during the fourth quarter. Barclays PLC now owns 37,506 shares of the company’s stock valued at $148,000 after purchasing an additional 3,760 shares in the last quarter. Private Advisor Group LLC lifted its stake in AirJoule Technologies by 15.7% during the first quarter. Private Advisor Group LLC now owns 29,500 shares of the company’s stock worth $74,000 after purchasing an additional 4,000 shares during the last quarter. Group One Trading LLC lifted its stake in AirJoule Technologies by 45.6% during the third quarter. Group One Trading LLC now owns 13,100 shares of the company’s stock worth $61,000 after purchasing an additional 4,100 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of AirJoule Technologies in the 2nd quarter valued at $31,000. Institutional investors own 63.65% of the company’s stock.

AirJoule Technologies Stock Down 6.5%

NASDAQ AIRJ opened at $5.18 on Friday. The firm’s 50 day moving average is $4.20 and its 200-day moving average is $3.66. AirJoule Technologies has a 12-month low of $2.22 and a 12-month high of $6.75. The company has a market capitalization of $375.03 million, a PE ratio of -4.54 and a beta of 0.83.

AirJoule Technologies (NASDAQ:AIRJ) last released its earnings results on Thursday, May 14th. The company reported ($0.74) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.68). As a group, sell-side analysts expect that AirJoule Technologies will post -0.14 EPS for the current year.

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.