AirJoule Technologies (NASDAQ:AIRJ) Releases Earnings Results, Misses Estimates By $0.28 EPS

AirJoule Technologies (NASDAQ:AIRJ) posted its quarterly earnings results on Tuesday. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.28), FiscalAI reports.

AirJoule Technologies Stock Performance

Shares of AIRJ stock opened at $2.90 on Tuesday. The stock has a fifty day moving average price of $3.26 and a 200 day moving average price of $3.95. The stock has a market cap of $175.97 million, a PE ratio of -19.33 and a beta of 0.45. AirJoule Technologies has a 1 year low of $2.61 and a 1 year high of $6.75.

Insider Buying and Selling at AirJoule Technologies

In other AirJoule Technologies news, Director Stuart D. Porter acquired 153,846 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The shares were acquired at an average cost of $3.25 per share, for a total transaction of $499,999.50. Following the transaction, the director directly owned 776,879 shares of the company’s stock, valued at approximately $2,524,856.75. This represents a 24.69% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Patrick C. Eilers acquired 76,923 shares of the stock in a transaction that occurred on Thursday, January 15th. The stock was acquired at an average cost of $3.25 per share, for a total transaction of $249,999.75. Following the completion of the purchase, the chairman owned 1,860,518 shares in the company, valued at $6,046,683.50. The trade was a 4.31% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired 238,461 shares of company stock worth $774,998 in the last three months. 40.39% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AirJoule Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in shares of AirJoule Technologies in the second quarter valued at approximately $31,000. Group One Trading LLC acquired a new position in shares of AirJoule Technologies during the 2nd quarter worth approximately $42,000. Invesco Ltd. purchased a new position in AirJoule Technologies during the second quarter worth $50,000. Bank of America Corp DE raised its holdings in shares of AirJoule Technologies by 8,851.2% in the fourth quarter. Bank of America Corp DE now owns 11,189 shares of the company’s stock worth $89,000 after acquiring an additional 11,064 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of AirJoule Technologies in the second quarter worth $54,000. Institutional investors and hedge funds own 63.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on AIRJ shares. UBS Group set a $7.00 price objective on AirJoule Technologies in a research report on Monday, December 22nd. Lucid Cap Mkts upgraded shares of AirJoule Technologies to a “strong-buy” rating in a research report on Monday, December 22nd. LADENBURG THALM/SH SH began coverage on shares of AirJoule Technologies in a report on Tuesday, December 16th. They issued a “buy” rating and a $8.00 price target for the company. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of AirJoule Technologies in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, AirJoule Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.50.

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.