AirJoule Technologies Corporation (NASDAQ:AIRJ) Given Consensus Rating of “Moderate Buy” by Analysts

AirJoule Technologies Corporation (NASDAQ:AIRJ) has been assigned a consensus recommendation of “Moderate Buy” from the five research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $8.25.

Several research analysts recently issued reports on the company. B. Riley Financial assumed coverage on AirJoule Technologies in a research note on Thursday, April 30th. They issued a “buy” rating and a $6.00 price objective on the stock. HC Wainwright reissued a “buy” rating and issued a $12.00 price objective on shares of AirJoule Technologies in a research note on Monday, May 18th. Weiss Ratings raised AirJoule Technologies from a “sell (e+)” rating to a “sell (d)” rating in a research note on Monday, May 18th. Finally, Seaport Research Partners assumed coverage on AirJoule Technologies in a research report on Friday, May 8th. They set a “buy” rating and a $7.00 target price on the stock.

AirJoule Technologies Stock Up 15.8%

Shares of NASDAQ:AIRJ opened at $5.20 on Tuesday. AirJoule Technologies has a 52-week low of $2.22 and a 52-week high of $6.75. The stock has a market cap of $355.94 million, a P/E ratio of -4.56 and a beta of 0.88. The business’s 50 day moving average is $3.40 and its 200 day moving average is $3.45.

AirJoule Technologies (NASDAQ:AIRJ) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.74) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.68). On average, sell-side analysts anticipate that AirJoule Technologies will post -0.14 EPS for the current fiscal year.

Institutional Trading of AirJoule Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its position in AirJoule Technologies by 16.0% during 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 boosted its position in AirJoule Technologies by 11.1% during the 4th quarter. Barclays PLC now owns 37,506 shares of the company’s stock valued at $148,000 after acquiring an additional 3,760 shares in the last quarter. Private Advisor Group LLC boosted its position in AirJoule Technologies by 15.7% during the 1st quarter. Private Advisor Group LLC now owns 29,500 shares of the company’s stock valued at $74,000 after acquiring an additional 4,000 shares in the last quarter. Group One Trading LLC boosted its position in AirJoule Technologies by 45.6% during the 3rd quarter. Group One Trading LLC now owns 13,100 shares of the company’s stock valued at $61,000 after acquiring an additional 4,100 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in AirJoule Technologies during the 2nd quarter valued at $31,000. 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.