AirJoule Technologies (NASDAQ:AIRJ) Stock Price Down 3.8% - Should You Sell?

Key Points

• AirJoule Technologies shares fell 3.8% to $5.81 in midday trading, with volume 73% above the average session level. The company has a market capitalization of approximately $420.6 million and remains unprofitable.
• Analyst sentiment is broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $9.50, compared with recent targets ranging from $7 to $12. However, Weiss Ratings maintained a sell rating.
• The company reported a quarterly loss of $0.12 per share, missing the $0.08 consensus estimate, while analysts expect a full-year loss of approximately $0.14 per share. Institutional investors and hedge funds own 63.65% of the stock.

AirJoule Technologies Corporation (NASDAQ:AIRJ - Get Free Report) was down 3.8% during mid-day trading on Monday . The company traded as low as $5.77 and last traded at $5.81. Approximately 1,760,219 shares changed hands during mid-day trading, an increase of 73% from the average session volume of 1,017,038 shares. The stock had previously closed at $6.04.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AIRJ. HC Wainwright reiterated a "buy" rating and set a $12.00 target price on shares of AirJoule Technologies in a research report on Monday, May 18th. UBS Group set a $10.00 price target on shares of AirJoule Technologies in a research note on Monday. Seaport Research Partners began coverage on shares of AirJoule Technologies in a report on Friday, May 8th. They set a "buy" rating and a $7.00 price target on the stock. B. Riley Financial boosted their price objective on shares of AirJoule Technologies from $6.00 to $8.00 and gave the stock a "buy" rating in a research note on Monday. Finally, Weiss Ratings restated a "sell (d)" rating on shares of AirJoule Technologies in a report on Thursday. One investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $9.50.

AirJoule Technologies Trading Down 3.8%

The business's 50-day simple moving average is $4.74 and its two-hundred day simple moving average is $3.89. The firm has a market cap of $420.64 million, a price-to-earnings ratio of -4.47 and a beta of 0.86.

AirJoule Technologies (NASDAQ:AIRJ - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.04). On average, analysts forecast that AirJoule Technologies Corporation will post -0.14 earnings per share for the current fiscal year.

Institutional Trading of AirJoule Technologies

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

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.

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