AirJoule Technologies Corporation (NASDAQ:AIRJ) Stock Has Consensus Price Target of $9.20

Key Points

• AirJoule Technologies has a “Moderate Buy” consensus rating from seven analysts, with four buys, one strong buy, one hold and one sell. The average 12-month price target is $9.20, well above the stock’s recent price of $3.92.
• Institutional investors own approximately 63.65% of AIRJ shares, with several firms recently increasing their positions or initiating new stakes.
• The company reported a quarterly loss of $0.12 per share, missing the consensus estimate of a $0.08 loss. Shares have traded between $2.22 and $6.75 over the past year.

AirJoule Technologies Corporation (NASDAQ:AIRJ - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seven brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $9.20.

Several research firms have recently weighed in on AIRJ. B. Riley Financial boosted their target price on shares of AirJoule Technologies from $6.00 to $8.00 and gave the stock a "buy" rating in a research report on Monday, August 17th. UBS Group set a $10.00 price target on AirJoule Technologies in a research note on Monday, August 17th. D. Boral Capital began coverage on AirJoule Technologies in a report on Friday. They issued a "buy" rating and a $8.00 price objective for the company. Needham & Company LLC initiated coverage on AirJoule Technologies in a research note on Monday, August 31st. They set a "hold" rating on the stock. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of AirJoule Technologies in a report on Thursday, August 13th.

Hedge Funds Weigh In On AirJoule Technologies

Several large investors have recently added to or reduced their stakes in AIRJ. Bank of America Corp DE boosted its holdings in AirJoule Technologies by 63.5% in the first quarter. Bank of America Corp DE now owns 25,779 shares of the company's stock worth $65,000 after purchasing an additional 10,011 shares during the period. Private Advisor Group LLC raised its holdings in shares of AirJoule Technologies by 15.7% during the first quarter. Private Advisor Group LLC now owns 29,500 shares of the company's stock worth $74,000 after purchasing an additional 4,000 shares during the period. Sei Investments Co. acquired a new stake in shares of AirJoule Technologies during the first quarter worth $77,000. Operose Advisors LLC bought a new position in shares of AirJoule Technologies in the 2nd quarter worth about $100,000. Finally, Concurrent Investment Advisors LLC acquired a new position in shares of AirJoule Technologies in the 2nd quarter valued at about $144,000. 63.65% of the stock is currently owned by institutional investors.

AirJoule Technologies Stock Performance

Shares of NASDAQ:AIRJ opened at $3.92 on Monday. The company has a fifty day simple moving average of $4.74 and a 200 day simple moving average of $4.19. The firm has a market cap of $287.53 million, a PE ratio of -3.02 and a beta of 0.89. AirJoule Technologies has a 12-month low of $2.22 and a 12-month high of $6.75.

AirJoule Technologies (NASDAQ:AIRJ - Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.04). As a group, equities research analysts forecast that AirJoule Technologies will post -0.09 EPS for the current fiscal year.

About AirJoule Technologies

AirJoule Technologies Corp. NASDAQ: AIRJ develops technologies that extract water vapor from the atmosphere. Its platform is designed to capture moisture from ambient air and convert it into usable water, including potable water and water for commercial or industrial applications.

The company's technology is based on advanced sorbent materials that selectively absorb water vapor. AirJoule also aims to support energy-efficient humidity control and dehumidification, with potential applications in buildings, industrial facilities, agriculture, data centers and other settings where water recovery or climate control is important.

AirJoule Technologies was formerly known as Montana Technologies Corporation and became a publicly traded company through a business combination.

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