AirJoule Technologies (NASDAQ:AIRJ) Upgraded at Lucid Cap Mkts

Lucid Cap Mkts upgraded shares of AirJoule Technologies (NASDAQ:AIRJ) to a strong-buy rating in a research note released on Monday,Zacks.com reports.

Other research analysts have also issued reports about the stock. LADENBURG THALM/SH SH started coverage on shares of AirJoule Technologies in a report on Tuesday, December 16th. They issued a “buy” rating and a $8.00 price objective for the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of AirJoule Technologies in a research report on Monday, December 15th. Finally, UBS Group set a $7.00 price objective on AirJoule Technologies in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $9.50.

AirJoule Technologies Stock Performance

NASDAQ AIRJ opened at $3.89 on Monday. The stock has a market cap of $236.05 million, a P/E ratio of -25.93 and a beta of 0.48. AirJoule Technologies has a fifty-two week low of $2.61 and a fifty-two week high of $9.95. The stock has a 50 day simple moving average of $4.10 and a two-hundred day simple moving average of $4.51.

AirJoule Technologies (NASDAQ:AIRJ) last announced its earnings results on Thursday, November 13th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.03. Sell-side analysts predict that AirJoule Technologies will post 4.97 earnings per share for the current year.

Insider Buying and Selling

In other AirJoule Technologies news, Director Stuart D. Porter bought 264,150 shares of the stock in a transaction dated Wednesday, December 10th. The stock was purchased at an average cost of $2.95 per share, for a total transaction of $779,242.50. Following the completion of the acquisition, the director owned 623,033 shares of the company’s stock, valued at approximately $1,837,947.35. This trade represents a 73.60% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Thomas Edward Murphy purchased 17,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was bought at an average price of $2.86 per share, for a total transaction of $50,050.00. Following the purchase, the director directly owned 17,500 shares in the company, valued at $50,050. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 387,264 shares of company stock valued at $1,135,297 in the last ninety days. Insiders own 58.00% of the company’s stock.

Institutional Investors Weigh In On AirJoule Technologies

A number of institutional investors have recently modified their holdings of AIRJ. Bank of America Corp DE raised its position in shares of AirJoule Technologies by 8,851.2% in the 4th quarter. Bank of America Corp DE now owns 11,189 shares of the company’s stock worth $89,000 after purchasing an additional 11,064 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in AirJoule Technologies during the 1st quarter valued at about $50,000. Goldman Sachs Group Inc. increased its stake in AirJoule Technologies by 46.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 85,150 shares of the company’s stock valued at $393,000 after purchasing an additional 26,995 shares in the last quarter. Jane Street Group LLC raised its holdings in AirJoule Technologies by 103.2% in the first quarter. Jane Street Group LLC now owns 29,956 shares of the company’s stock worth $138,000 after buying an additional 15,212 shares during the last quarter. Finally, Vision Capital Management Inc. purchased a new position in AirJoule Technologies in the second quarter worth about $95,000. 63.65% of the stock is owned by hedge funds and other institutional investors.

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.