AirJoule Technologies (NASDAQ:AIRJ) Posts Quarterly Earnings Results, Misses Estimates By $0.04 EPS

AirJoule Technologies (NASDAQ:AIRJ) issued its quarterly earnings results on Thursday. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.04), FiscalAI reports.

AirJoule Technologies Price Performance

AIRJ stock remained flat at $6.32 during midday trading on Thursday. The company had a trading volume of 1,692,283 shares, compared to its average volume of 999,933. AirJoule Technologies has a twelve month low of $2.22 and a twelve month high of $6.75. The firm has a 50 day moving average of $4.70 and a two-hundred day moving average of $3.85. The company has a market cap of $457.57 million, a PE ratio of -5.54 and a beta of 0.86.

Hedge Funds Weigh In On AirJoule Technologies

Large investors have recently modified their holdings of the business. Raymond James Financial Inc. bought a new stake in shares of AirJoule Technologies in the 2nd quarter valued at about $31,000. Group One Trading LLC acquired a new position in shares of AirJoule Technologies in the second quarter worth approximately $42,000. Abel Hall LLC acquired a new position in shares of AirJoule Technologies in the fourth quarter worth approximately $46,000. Invesco Ltd. bought a new stake in AirJoule Technologies in the second quarter valued at approximately $50,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in AirJoule Technologies in the second quarter valued at approximately $54,000. Institutional investors own 63.65% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AIRJ. Seaport Research Partners started coverage on AirJoule Technologies in a research note on Friday, May 8th. They issued a “buy” rating and a $7.00 price target on the stock. Weiss Ratings upgraded AirJoule Technologies from a “sell (e+)” rating to a “sell (d)” rating in a research report on Monday, May 18th. HC Wainwright reaffirmed a “buy” rating and issued a $12.00 price objective on shares of AirJoule Technologies in a research note on Monday, May 18th. Finally, B. Riley Financial assumed coverage on AirJoule Technologies in a research report on Thursday, April 30th. They issued a “buy” rating and a $6.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, AirJoule Technologies currently has an average rating of “Moderate Buy” and an average target price of $8.25.

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.