AirJoule Technologies (NASDAQ:AIRJ) Stock Price Down 0.2% - Time to Sell?

AirJoule Technologies Corporation (NASDAQ:AIRJ - Get Free Report)'s stock price traded down 0.2% during mid-day trading on Wednesday . The company traded as low as $4.60 and last traded at $4.79. 81,455 shares changed hands during mid-day trading, a decline of 7% from the average session volume of 87,991 shares. The stock had previously closed at $4.80.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reiterated a "buy" rating and issued a $12.00 target price on shares of AirJoule Technologies in a report on Thursday, March 27th.

AirJoule Technologies Trading Down 2.9%

The company has a market capitalization of $260.40 million, a PE ratio of 6.37 and a beta of 0.43. The stock has a fifty day simple moving average of $4.49 and a 200-day simple moving average of $6.27.

AirJoule Technologies (NASDAQ:AIRJ - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.06) by $0.04. As a group, equities research analysts predict that AirJoule Technologies Corporation will post 4.97 EPS for the current year.

Insider Transactions at AirJoule Technologies

In other AirJoule Technologies news, CFO Stephen S. Pang sold 7,635 shares of AirJoule Technologies stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $4.23, for a total transaction of $32,296.05. Following the completion of the sale, the chief financial officer directly owned 15,490 shares of the company's stock, valued at $65,522.70. The trade was a 33.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders sold 15,036 shares of company stock worth $63,602. 58.00% of the stock is owned by insiders.

Institutional Trading of AirJoule Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. Y Intercept Hong Kong Ltd purchased a new stake in shares of AirJoule Technologies in the 1st quarter valued at about $46,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of AirJoule Technologies in the 1st quarter valued at about $50,000. Millennium Management LLC purchased a new stake in shares of AirJoule Technologies in the 4th quarter valued at about $85,000. Bank of America Corp DE lifted its holdings in shares of AirJoule Technologies by 8,851.2% in the 4th quarter. Bank of America Corp DE now owns 11,189 shares of the company's stock valued at $89,000 after purchasing an additional 11,064 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of AirJoule Technologies in the 4th quarter valued at about $117,000. 63.65% of the stock is owned by hedge funds and other 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.