AirJoule Technologies Corporation (NASDAQ:AIRJ - Get Free Report) traded up 5.9% during mid-day trading on Friday . The company traded as high as $6.30 and last traded at $5.92. 2,537,921 shares changed hands during trading, an increase of 159% from the average session volume of 978,201 shares. The stock had previously closed at $5.59.
Wall Street Analyst Weigh In
A number of research firms have recently commented on AIRJ. B. Riley Financial started coverage on AirJoule Technologies in a research note on Thursday, April 30th. They issued a "buy" rating and a $6.00 price objective on the stock. Weiss Ratings raised AirJoule Technologies from a "sell (e+)" rating to a "sell (d)" rating in a report on Monday, May 18th. Seaport Research Partners initiated 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. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $8.25.
Get Our Latest Report on AIRJ
AirJoule Technologies Price Performance
The firm has a market cap of $428.61 million, a PE ratio of -5.19 and a beta of 0.86. The business has a fifty day moving average price of $4.62 and a two-hundred day moving average price of $3.78.
AirJoule Technologies (NASDAQ:AIRJ - Get Free Report) last released its earnings results 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). As a group, sell-side analysts forecast that AirJoule Technologies Corporation will post -0.14 EPS for the current fiscal year.
Institutional Investors Weigh In On AirJoule Technologies
A number of large investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its position in AirJoule Technologies by 8,851.2% during the fourth quarter. Bank of America Corp DE now owns 11,189 shares of the company's stock worth $89,000 after purchasing an additional 11,064 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of AirJoule Technologies by 46.4% in the first quarter. Goldman Sachs Group Inc. now owns 85,150 shares of the company's stock worth $393,000 after buying an additional 26,995 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of AirJoule Technologies by 103.2% during the 1st quarter. Jane Street Group LLC now owns 29,956 shares of the company's stock worth $138,000 after buying an additional 15,212 shares during the period. Geode Capital Management LLC boosted its holdings in shares of AirJoule Technologies by 111.1% during the 2nd quarter. Geode Capital Management LLC now owns 517,203 shares of the company's stock worth $2,395,000 after buying an additional 272,253 shares during the period. Finally, Creative Planning acquired a new position in AirJoule Technologies in the 2nd quarter valued at $441,000. 63.65% of the stock is currently owned by institutional investors.
About AirJoule Technologies
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider AirJoule Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AirJoule Technologies wasn't on the list.
While AirJoule Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI wave will soon hit public markets with Anthropic and OpenAI set to go public later this year. However, you don't have to wait to invest. This report shows seven AI stocks that you can buy today while the big model providers get ready to go public.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
