AirJoule Technologies Corporation (NASDAQ:AIRJ) Receives Average Rating of “Moderate Buy” from Analysts

Shares of AirJoule Technologies Corporation (NASDAQ:AIRJ) have been given an average rating of “Moderate Buy” by the five research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $8.25.

AIRJ has been the topic of several recent analyst reports. HC Wainwright reaffirmed a “buy” rating and issued a $12.00 price target on shares of AirJoule Technologies in a research note on Monday, May 18th. B. Riley Financial initiated coverage on shares of AirJoule Technologies in a research note on Thursday, April 30th. They issued a “buy” rating and a $6.00 target price on the stock. Weiss Ratings upgraded shares of AirJoule Technologies from a “sell (e+)” rating to a “sell (d)” rating in a research report on Monday, May 18th. Finally, Seaport Research Partners assumed coverage on shares of AirJoule Technologies in a report on Friday, May 8th. They set a “buy” rating and a $7.00 price target for the company.

Institutional Investors Weigh In On AirJoule Technologies

A number of large investors have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in AirJoule Technologies in the second quarter worth $31,000. Group One Trading LLC bought a new position in shares of AirJoule Technologies in the second quarter valued at about $42,000. Fagan Associates Inc. acquired a new position in AirJoule Technologies during the 4th quarter worth about $46,000. Abel Hall LLC bought a new stake in AirJoule Technologies during the 4th quarter worth about $46,000. Finally, Invesco Ltd. acquired a new stake in AirJoule Technologies in the 2nd quarter valued at about $50,000. 63.65% of the stock is currently owned by institutional investors.

AirJoule Technologies Price Performance

NASDAQ AIRJ opened at $4.17 on Wednesday. The stock has a market cap of $301.91 million, a P/E ratio of -3.66 and a beta of 0.83. The company’s 50-day simple moving average is $4.50 and its 200 day simple moving average is $3.72. AirJoule Technologies has a twelve month low of $2.22 and a twelve month high of $6.75.

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

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.