AirJoule Technologies Sees Unusually Large Options Volume (NASDAQ:AIRJ)

AirJoule Technologies Corporation (NASDAQ:AIRJ) was the recipient of unusually large options trading on Wednesday. Traders acquired 3,444 call options on the stock. This is an increase of 699% compared to the typical volume of 431 call options.

AirJoule Technologies Trading Down 2.6%

NASDAQ:AIRJ opened at $4.48 on Friday. The stock has a market capitalization of $324.35 million, a price-to-earnings ratio of -3.93 and a beta of 0.83. The firm has a fifty day simple moving average of $4.49 and a two-hundred day simple moving average of $3.72. AirJoule Technologies has a 12 month low of $2.22 and a 12 month high of $6.75.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on AIRJ. 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. B. Riley Financial started coverage on AirJoule Technologies in a research note on Thursday, April 30th. They set a “buy” rating and a $6.00 target price for the company. Weiss Ratings upgraded AirJoule Technologies from a “sell (e+)” rating to a “sell (d)” rating in a report on Monday, May 18th. Finally, Seaport Research Partners assumed coverage on AirJoule Technologies in a research note on Friday, May 8th. They issued a “buy” rating and a $7.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $8.25.

Institutional Trading of AirJoule Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in AirJoule Technologies during the 2nd quarter worth approximately $31,000. Group One Trading LLC acquired a new stake in AirJoule Technologies in the second quarter valued at approximately $42,000. Fagan Associates Inc. bought a new stake in shares of AirJoule Technologies during the fourth quarter valued at approximately $46,000. Abel Hall LLC bought a new stake in shares of AirJoule Technologies during the fourth quarter valued at approximately $46,000. Finally, Invesco Ltd. acquired a new position in shares of AirJoule Technologies during the second quarter worth approximately $50,000. 63.65% of the stock is owned by institutional investors.

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.