AirJoule Technologies (NASDAQ:AIRJ) Shares Up 1.6% – Here’s What Happened

Shares of AirJoule Technologies Corporation (NASDAQ:AIRJ) were up 1.6% on Wednesday . The stock traded as high as $4.52 and last traded at $4.43. 823,828 shares were traded during mid-day trading, a decline of 20% from the average session volume of 1,032,510 shares. The stock had previously closed at $4.36.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Weiss Ratings restated a “sell (d)” rating on shares of AirJoule Technologies in a report on Thursday, August 13th. UBS Group set a $10.00 target price on AirJoule Technologies in a research report on Monday, August 17th. HC Wainwright restated a “buy” rating and issued a $12.00 price objective on shares of AirJoule Technologies in a research note on Monday, May 18th. Seaport Research Partners initiated coverage on shares of AirJoule Technologies in a report on Friday, May 8th. They issued a “buy” rating and a $7.00 target price on the stock. Finally, B. Riley Financial raised their price target on AirJoule Technologies from $6.00 to $8.00 and gave the company a “buy” rating in a research report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $9.50.

AirJoule Technologies Price Performance

The company has a market capitalization of $326.41 million, a price-to-earnings ratio of -3.42 and a beta of 0.87. The business has a fifty day moving average price of $4.83 and a 200 day moving average price of $4.05.

AirJoule Technologies (NASDAQ:AIRJ) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.04). As a group, sell-side analysts predict that AirJoule Technologies Corporation will post -0.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AirJoule Technologies

Institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its holdings in AirJoule Technologies by 16.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 24,113 shares of the company’s stock valued at $95,000 after acquiring an additional 3,323 shares in the last quarter. Barclays PLC increased its position in shares of AirJoule Technologies by 11.1% during the fourth quarter. Barclays PLC now owns 37,506 shares of the company’s stock valued at $148,000 after purchasing an additional 3,760 shares during the period. Private Advisor Group LLC increased its position in shares of AirJoule Technologies by 15.7% during the first quarter. Private Advisor Group LLC now owns 29,500 shares of the company’s stock valued at $74,000 after purchasing an additional 4,000 shares during the period. Group One Trading LLC raised its stake in shares of AirJoule Technologies by 45.6% in the third 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 shares of AirJoule Technologies in the second quarter valued at $31,000. 63.65% of the stock is owned by institutional investors and hedge funds.

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.