AirJoule Technologies Corporation (NASDAQ:AIRJ) Given Average Recommendation of “Moderate Buy” by 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 analyst has rated the stock with a sell recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $8.25.

AIRJ has been the subject of several recent analyst reports. 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 for the company. HC Wainwright reaffirmed a “buy” rating and set a $12.00 target price on shares of AirJoule Technologies in a research note on Monday, May 18th. B. Riley Financial initiated coverage on AirJoule Technologies in a research note on Thursday, April 30th. They issued a “buy” rating and a $6.00 price objective for the company. 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.

AirJoule Technologies Price Performance

AirJoule Technologies stock opened at $3.77 on Wednesday. The firm has a 50 day simple moving average of $4.46 and a 200-day simple moving average of $3.71. AirJoule Technologies has a 1-year low of $2.22 and a 1-year high of $6.75. The stock has a market cap of $272.95 million, a price-to-earnings ratio of -3.31 and a beta of 0.83.

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

Institutional Investors Weigh In On AirJoule Technologies

Large investors have recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its stake in shares of 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 during the period. Barclays PLC increased its holdings in AirJoule Technologies by 11.1% in the fourth quarter. Barclays PLC now owns 37,506 shares of the company’s stock valued at $148,000 after buying an additional 3,760 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of AirJoule Technologies by 15.7% during the 1st quarter. Private Advisor Group LLC now owns 29,500 shares of the company’s stock worth $74,000 after acquiring an additional 4,000 shares in the last quarter. Group One Trading LLC increased its stake in AirJoule Technologies by 45.6% in the 3rd quarter. Group One Trading LLC now owns 13,100 shares of the company’s stock valued at $61,000 after purchasing an additional 4,100 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in AirJoule Technologies during the second quarter worth $31,000. 63.65% of the stock is owned by institutional investors and hedge funds.

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.