AirJoule Technologies (NASDAQ:AIRJ) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Key Points

• AirJoule Technologies reported a quarterly loss of $0.12 per share, missing the consensus estimate of a $0.08 loss by $0.04.
• Shares were flat at $6.32, giving the company a market capitalization of approximately $457.6 million. The stock has traded between $2.22 and $6.75 over the past year.
• Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $8.25; institutional investors own 63.65% of the company’s shares.

AirJoule Technologies (NASDAQ:AIRJ - Get Free Report) released its quarterly earnings data on Thursday. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.04), FiscalAI reports.

AirJoule Technologies Stock Performance

Shares of AirJoule Technologies stock remained flat at $6.32 on Thursday. The stock had a trading volume of 1,692,283 shares, compared to its average volume of 999,933. The firm has a market capitalization of $457.57 million, a PE ratio of -5.54 and a beta of 0.86. AirJoule Technologies has a 52 week low of $2.22 and a 52 week high of $6.75. The company has a fifty day moving average price of $4.70 and a 200 day moving average price of $3.85.

Analyst Ratings Changes

A number of equities analysts have weighed in on AIRJ shares. Weiss Ratings raised AirJoule Technologies from a "sell (e+)" rating to a "sell (d)" rating in a research report 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. HC Wainwright reiterated a "buy" rating and set a $12.00 target price on shares of AirJoule Technologies in a research note on Monday, May 18th. Finally, Seaport Research Partners started coverage on AirJoule Technologies in a report on Friday, May 8th. They set a "buy" rating and a $7.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $8.25.

Institutional Trading of AirJoule Technologies

Several institutional investors have recently added to or reduced their stakes in AIRJ. Deutsche Bank AG acquired a new stake in shares of AirJoule Technologies during the fourth quarter worth $81,000. Goldman Sachs Group Inc. boosted its holdings in AirJoule Technologies by 16.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 24,113 shares of the company's stock valued at $95,000 after purchasing an additional 3,323 shares during the period. Private Advisor Group LLC bought a new stake in AirJoule Technologies in the 3rd quarter valued at about $67,000. Group One Trading LLC grew its position 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 purchasing an additional 4,100 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of AirJoule Technologies during the 2nd quarter worth approximately $57,000. 63.65% of the stock is currently owned by 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.

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