AirJoule Technologies Target of Unusually High Options Trading (NASDAQ:AIRJ)

AirJoule Technologies Corporation (NASDAQ:AIRJ) was the target of unusually large options trading activity on Wednesday. Stock investors acquired 3,444 call options on the stock. This represents an increase of approximately 699% compared to the average daily volume of 431 call options.

AirJoule Technologies Stock Performance

Shares of NASDAQ AIRJ opened at $4.48 on Friday. AirJoule Technologies has a 52 week low of $2.22 and a 52 week high of $6.75. The stock has a market capitalization of $324.35 million, a P/E ratio of -3.93 and a beta of 0.83. The stock’s fifty day moving average is $4.49 and its 200 day moving average is $3.72.

AirJoule Technologies (NASDAQ:AIRJ) last posted 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 research analysts forecast that AirJoule Technologies will post -0.14 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Seaport Research Partners began coverage on shares of AirJoule Technologies in a report on Friday, May 8th. They issued a “buy” rating and a $7.00 price objective for the company. B. Riley Financial started coverage on shares of AirJoule Technologies in a report on Thursday, April 30th. They set a “buy” rating and a $6.00 target price on the stock. HC Wainwright reiterated a “buy” rating and issued a $12.00 price target on shares of AirJoule Technologies in a research report on Monday, May 18th. Finally, Weiss Ratings upgraded AirJoule Technologies from a “sell (e+)” rating to a “sell (d)” rating in a research note on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, AirJoule Technologies has an average rating of “Moderate Buy” and an average target price of $8.25.

Institutional Trading of AirJoule Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in AIRJ. Goldman Sachs Group Inc. lifted its stake in AirJoule Technologies by 16.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 24,113 shares of the company’s stock worth $95,000 after purchasing an additional 3,323 shares during the last quarter. Barclays PLC increased its stake in shares of AirJoule Technologies by 11.1% in the 4th quarter. Barclays PLC now owns 37,506 shares of the company’s stock valued at $148,000 after purchasing an additional 3,760 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of AirJoule Technologies by 15.7% during the 1st quarter. Private Advisor Group LLC now owns 29,500 shares of the company’s stock worth $74,000 after buying an additional 4,000 shares in the last quarter. Group One Trading LLC raised its holdings in shares of AirJoule Technologies by 45.6% during the 3rd quarter. Group One Trading LLC now owns 13,100 shares of the company’s stock worth $61,000 after buying an additional 4,100 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of AirJoule Technologies during the 2nd quarter worth $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.