AirJoule Technologies Corporation (NASDAQ:AIRJ) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of AirJoule Technologies Corporation (NASDAQ:AIRJ) have received a consensus rating of “Moderate Buy” from the five analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $8.25.

A number of research firms have recently weighed in on AIRJ. 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. B. Riley Financial began coverage on AirJoule Technologies in a research report on Thursday, April 30th. They issued a “buy” rating and a $6.00 price objective for the company. Seaport Research Partners began coverage on AirJoule Technologies in a research report on Friday, May 8th. They issued a “buy” rating and a $7.00 price objective for the company. Finally, Weiss Ratings raised AirJoule Technologies from a “sell (e+)” rating to a “sell (d)” rating in a research report on Monday, May 18th.

Institutional Trading of AirJoule Technologies

A number of institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its position in AirJoule Technologies by 16.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 24,113 shares of the company’s stock worth $95,000 after acquiring an additional 3,323 shares during the period. Barclays PLC lifted its position in AirJoule Technologies by 11.1% during the 4th quarter. Barclays PLC now owns 37,506 shares of the company’s stock worth $148,000 after acquiring an additional 3,760 shares during the period. Private Advisor Group LLC lifted its position in 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 during the period. Group One Trading LLC lifted its position in AirJoule Technologies by 45.6% during the 3rd quarter. Group One Trading LLC now owns 13,100 shares of the company’s stock worth $61,000 after acquiring an additional 4,100 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in AirJoule Technologies during the 2nd quarter worth about $31,000. Institutional investors and hedge funds own 63.65% of the company’s stock.

AirJoule Technologies Price Performance

AirJoule Technologies stock opened at $5.20 on Tuesday. The stock has a market capitalization of $355.94 million, a price-to-earnings ratio of -4.56 and a beta of 0.88. AirJoule Technologies has a 1-year low of $2.22 and a 1-year high of $6.75. The business has a fifty day moving average price of $3.40 and a 200-day moving average price of $3.45.

AirJoule Technologies (NASDAQ:AIRJ) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.74) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.68). On average, equities research analysts anticipate that AirJoule Technologies will post -0.14 earnings per share for the current fiscal year.

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.