AirJoule Technologies (NASDAQ:AIRJ) Stock Price Down 1.1% – Here’s What Happened

AirJoule Technologies Corporation (NASDAQ:AIRJ) traded down 1.1% on Wednesday . The stock traded as low as $4.98 and last traded at $5.26. 1,678,581 shares were traded during trading, an increase of 64% from the average session volume of 1,025,489 shares. The stock had previously closed at $5.32.

Analyst Upgrades and Downgrades

AIRJ has been the subject of a number of research analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of AirJoule Technologies in a report on Thursday, August 13th. UBS Group set a $10.00 target price on AirJoule Technologies in a research report on Monday. Seaport Research Partners assumed coverage on AirJoule Technologies in a research note on Friday, May 8th. They set a “buy” rating and a $7.00 target price for the company. HC Wainwright reissued a “buy” rating and issued a $12.00 target price on shares of AirJoule Technologies in a report on Monday, May 18th. Finally, B. Riley Financial lifted their price target on shares of AirJoule Technologies from $6.00 to $8.00 and gave the company a “buy” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

AirJoule Technologies Stock Down 0.4%

The company has a 50 day moving average price of $4.82 and a 200-day moving average price of $3.95. The company has a market cap of $363.45 million, a price-to-earnings ratio of -3.86 and a beta of 0.86.

AirJoule Technologies (NASDAQ:AIRJ) last posted its earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.04). On average, analysts forecast that AirJoule Technologies Corporation will post -0.09 EPS for the current fiscal year.

Institutional Trading of AirJoule Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of AIRJ. 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 bought a new position in shares of AirJoule Technologies during the second quarter worth about $42,000. Fagan Associates Inc. acquired a new position in shares of AirJoule Technologies in the fourth quarter worth approximately $46,000. Abel Hall LLC acquired a new position in shares of AirJoule Technologies in the fourth quarter worth approximately $46,000. Finally, Invesco Ltd. bought a new stake in AirJoule Technologies in the second quarter valued at approximately $50,000. 63.65% of the stock is currently owned by institutional investors and hedge funds.

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.