AirJoule Technologies (NASDAQ:AIRJ) Trading Down 8.4% – Time to Sell?

AirJoule Technologies Corporation (NASDAQ:AIRJ) shares fell 8.4% during trading on Tuesday . The company traded as low as $5.26 and last traded at $5.32. Approximately 1,662,549 shares were traded during trading, an increase of 63% from the average daily volume of 1,019,743 shares. The stock had previously closed at $5.81.

Analyst Ratings Changes

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

AirJoule Technologies Price Performance

The stock has a market cap of $365.98 million, a price-to-earnings ratio of -3.89 and a beta of 0.86. The firm’s fifty day moving average price is $4.80 and its two-hundred day moving average price is $3.93.

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

Institutional Investors Weigh In On AirJoule Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in shares of AirJoule Technologies by 8,851.2% in the 4th 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 in the last quarter. Goldman Sachs Group Inc. grew its position in AirJoule Technologies by 46.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 85,150 shares of the company’s stock valued at $393,000 after purchasing an additional 26,995 shares during the period. Jane Street Group LLC grew its position in AirJoule Technologies by 103.2% in the 1st quarter. Jane Street Group LLC now owns 29,956 shares of the company’s stock valued at $138,000 after purchasing an additional 15,212 shares during the period. Geode Capital Management LLC increased its stake in AirJoule Technologies by 111.1% during the 2nd quarter. Geode Capital Management LLC now owns 517,203 shares of the company’s stock valued at $2,395,000 after purchasing an additional 272,253 shares in the last quarter. Finally, Creative Planning bought a new stake in AirJoule Technologies during the 2nd quarter valued at $441,000. Institutional investors own 63.65% of the company’s stock.

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.