AirJoule Technologies (NASDAQ:AIRJ) Posts Quarterly Earnings Results, Misses Estimates By $0.68 EPS

AirJoule Technologies (NASDAQ:AIRJ) posted its earnings results on Thursday. The company reported ($0.74) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.68), FiscalAI reports.

AirJoule Technologies Stock Down 4.8%

AirJoule Technologies stock opened at $3.73 on Friday. The firm has a 50-day moving average price of $3.20 and a two-hundred day moving average price of $3.52. The firm has a market capitalization of $255.31 million, a price-to-earnings ratio of -3.27 and a beta of 0.72. AirJoule Technologies has a 52-week low of $2.22 and a 52-week high of $6.75.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AIRJ. Vident Advisory LLC acquired a new position in AirJoule Technologies during the 4th quarter valued at about $1,849,000. Geode Capital Management LLC raised its holdings in shares of AirJoule Technologies by 111.1% in the 2nd quarter. Geode Capital Management LLC now owns 517,203 shares of the company’s stock worth $2,395,000 after purchasing an additional 272,253 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of AirJoule Technologies by 417.1% in the 4th quarter. Renaissance Technologies LLC now owns 287,500 shares of the company’s stock worth $1,133,000 after purchasing an additional 231,900 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of AirJoule Technologies by 160.9% in the 4th quarter. Marshall Wace LLP now owns 314,948 shares of the company’s stock worth $1,241,000 after purchasing an additional 194,212 shares in the last quarter. Finally, GWN Securities Inc. bought a new stake in shares of AirJoule Technologies in the 4th quarter worth approximately $604,000. 63.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AIRJ. Weiss Ratings restated a “sell (e+)” rating on shares of AirJoule Technologies in a report on Friday, March 27th. B. Riley Financial began coverage on shares of AirJoule Technologies in a research report on Thursday, April 30th. They issued a “buy” rating and a $6.00 target price for the company. Finally, Seaport Research Partners began coverage on shares of AirJoule Technologies in a research report on Friday, May 8th. They issued a “buy” rating and a $7.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, AirJoule Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $7.00.

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.