AirJoule Technologies (NASDAQ:AIRJ) Trading 5.9% Higher – What’s Next?

AirJoule Technologies Corporation (NASDAQ:AIRJ) traded up 5.9% during mid-day trading on Friday . The company traded as high as $6.30 and last traded at $5.92. 2,537,921 shares changed hands during trading, an increase of 159% from the average session volume of 978,201 shares. The stock had previously closed at $5.59.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AIRJ. B. Riley Financial started coverage on AirJoule Technologies in a research note on Thursday, April 30th. They issued a “buy” rating and a $6.00 price objective on the stock. Weiss Ratings raised AirJoule Technologies from a “sell (e+)” rating to a “sell (d)” rating in a report on Monday, May 18th. Seaport Research Partners initiated coverage on AirJoule Technologies in a report on Friday, May 8th. They set a “buy” rating and a $7.00 target price on the stock. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $8.25.

AirJoule Technologies Price Performance

The firm has a market cap of $428.61 million, a PE ratio of -5.19 and a beta of 0.86. The business has a fifty day moving average price of $4.62 and a two-hundred day moving average price of $3.78.

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

Institutional Investors Weigh In On AirJoule Technologies

A number of large investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its position in AirJoule Technologies by 8,851.2% during the fourth quarter. Bank of America Corp DE now owns 11,189 shares of the company’s stock worth $89,000 after purchasing an additional 11,064 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of AirJoule Technologies by 46.4% in the first quarter. Goldman Sachs Group Inc. now owns 85,150 shares of the company’s stock worth $393,000 after buying an additional 26,995 shares during the last quarter. Jane Street Group LLC boosted 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 buying an additional 15,212 shares during the period. Geode Capital Management LLC boosted its holdings in shares of AirJoule Technologies by 111.1% during the 2nd quarter. Geode Capital Management LLC now owns 517,203 shares of the company’s stock worth $2,395,000 after buying an additional 272,253 shares during the period. Finally, Creative Planning acquired a new position in AirJoule Technologies in the 2nd quarter valued at $441,000. 63.65% of the stock is currently owned by institutional investors.

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.