Stuart Porter Buys 46,800 Shares of AirJoule Technologies (NASDAQ:AIRJ) Stock

AirJoule Technologies Corporation (NASDAQ:AIRJ) Director Stuart Porter bought 46,800 shares of the business’s stock in a transaction on Tuesday, December 9th. The stock was bought at an average price of $2.84 per share, for a total transaction of $132,912.00. Following the transaction, the director directly owned 358,883 shares of the company’s stock, valued at approximately $1,019,227.72. This represents a 15.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

AirJoule Technologies Stock Up 3.9%

Shares of NASDAQ:AIRJ traded up $0.11 during trading on Wednesday, hitting $2.94. 575,448 shares of the company were exchanged, compared to its average volume of 347,040. AirJoule Technologies Corporation has a 1-year low of $2.61 and a 1-year high of $11.60. The company has a market capitalization of $178.40 million, a P/E ratio of -19.60 and a beta of 0.48. The business’s 50 day moving average is $4.46 and its 200-day moving average is $4.55.

AirJoule Technologies (NASDAQ:AIRJ) last released its quarterly earnings data on Thursday, November 13th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.03. As a group, sell-side analysts anticipate that AirJoule Technologies Corporation will post 4.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of AirJoule Technologies in a report on Monday. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $11.50.

Hedge Funds Weigh In On AirJoule Technologies

A number of hedge funds have recently bought and sold shares of AIRJ. Police & Firemen s Retirement System of New Jersey acquired a new position in AirJoule Technologies in the second quarter valued at $29,000. Nisa Investment Advisors LLC bought a new position in shares of AirJoule Technologies in the 2nd quarter worth about $29,000. Raymond James Financial Inc. bought a new position in shares of AirJoule Technologies in the 2nd quarter worth about $31,000. Group One Trading LLC acquired a new position in shares of AirJoule Technologies in the 2nd quarter valued at about $42,000. Finally, Corton Capital Inc. acquired a new stake in AirJoule Technologies during the second quarter worth approximately $48,000. Institutional investors 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.