AirJoule Technologies Corporation (NASDAQ:AIRJ - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the seven brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $9.20.
A number of equities analysts have recently commented on the stock. B. Riley Financial increased 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, August 17th. Needham & Company LLC initiated coverage on AirJoule Technologies in a report on Monday, August 31st. They issued a "hold" rating for the company. Weiss Ratings restated a "sell (d)" rating on shares of AirJoule Technologies in a report on Thursday, August 13th. UBS Group set a $10.00 price target on shares of AirJoule Technologies in a research report on Monday, August 17th. Finally, D. Boral Capital assumed coverage on AirJoule Technologies in a report on Friday, October 2nd. They set a "buy" rating and a $8.00 target price on the stock.
Read Our Latest Stock Analysis on AIRJ
AirJoule Technologies Price Performance
Shares of AIRJ stock opened at $2.74 on Friday. The stock has a market cap of $200.98 million, a P/E ratio of -2.11 and a beta of 0.89. The stock has a fifty day moving average price of $3.94 and a 200 day moving average price of $3.91. AirJoule Technologies has a one year low of $2.22 and a one year high of $6.65.
AirJoule Technologies (NASDAQ:AIRJ - Get Free Report) last posted its 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). Equities research analysts anticipate that AirJoule Technologies will post -0.09 EPS for the current year.
Insider Buying and Selling
In related news, CEO Matthew Jore sold 50,000 shares of the company's stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $3.06, for a total value of $153,000.00. Following the transaction, the chief executive officer directly owned 7,698,020 shares in the company, valued at approximately $23,555,941.20. This represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 50.90% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On AirJoule Technologies
Several institutional investors and hedge funds have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of AirJoule Technologies during the 3rd quarter worth $858,000. Arrowstreet Capital Limited Partnership bought a new position in AirJoule Technologies in the 1st quarter valued at approximately $482,000. State Street Corp lifted its stake in AirJoule Technologies by 26.8% in the 2nd quarter. State Street Corp now owns 552,042 shares of the company's stock valued at $3,058,000 after purchasing an additional 116,739 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV acquired a new stake in AirJoule Technologies in the third quarter valued at approximately $426,000. Finally, Renaissance Technologies LLC boosted its position in AirJoule Technologies by 36.8% in the first quarter. Renaissance Technologies LLC now owns 393,200 shares of the company's stock valued at $987,000 after buying an additional 105,700 shares in the last quarter. Institutional investors own 63.65% of the company's stock.
About AirJoule Technologies
(
Get Free Report)
AirJoule Technologies Corporation NASDAQ: AIRJ is a climate technology company focused on extracting water from atmospheric air and improving the efficiency of air-conditioning and dehumidification systems. Its technology is designed to capture water vapor using proprietary sorbent materials and separate it from air with comparatively low energy requirements.
The company's AirJoule platform supports atmospheric water-generation systems that can produce water in locations where conventional water supplies are limited.
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