AirJoule Technologies (NASDAQ:AIRJ) Trading Up 1.9% – Still a Buy?

AirJoule Technologies Corporation (NASDAQ:AIRJ) rose 1.9% during trading on Wednesday . The company traded as high as $6.25 and last traded at $5.95. Approximately 2,827,707 shares were traded during mid-day trading, an increase of 195% from the average daily volume of 959,752 shares. The stock had previously closed at $5.84.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AIRJ. Seaport Research Partners initiated coverage on shares of AirJoule Technologies in a research note on Friday, May 8th. They set a “buy” rating and a $7.00 price objective for the company. Weiss Ratings upgraded AirJoule Technologies from a “sell (e+)” rating to a “sell (d)” rating in a research report on Monday, May 18th. B. Riley Financial assumed coverage on AirJoule Technologies in a research note on Thursday, April 30th. They set a “buy” rating and a $6.00 price objective on the stock. Finally, HC Wainwright restated a “buy” rating and issued a $12.00 target price on shares of AirJoule Technologies in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $8.25.

AirJoule Technologies Price Performance

The company has a market capitalization of $430.78 million, a PE ratio of -5.22 and a beta of 0.86. The business’s 50 day simple moving average is $4.59 and its 200 day simple moving average is $3.74.

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

Institutional Investors Weigh In On AirJoule Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Corient Private Wealth LLC lifted its stake in shares of AirJoule Technologies by 8.3% in the 4th quarter. Corient Private Wealth LLC now owns 1,788,563 shares of the company’s stock valued at $7,047,000 after purchasing an additional 137,337 shares during the last quarter. Two Sigma Investments LP purchased a new position in shares of AirJoule Technologies during the 3rd quarter worth $122,000. New York State Common Retirement Fund acquired a new stake in shares of AirJoule Technologies during the 2nd quarter worth about $98,000. Invesco Ltd. acquired a new stake in shares of AirJoule Technologies during the 2nd quarter worth about $50,000. Finally, Abel Hall LLC purchased a new stake in AirJoule Technologies in the 4th quarter valued at about $46,000. Institutional investors and hedge funds 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.