AirJoule Technologies (NASDAQ:AIRJ) Stock Price Down 4.8% - What's Next?

Key Points

• AirJoule Technologies shares fell 4.8% to $4.56, below the 50-day moving average of $4.87 but above the 200-day average of $4.01. Trading volume was approximately 991,000 shares.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $9.50; targets range from $7 to $12, while Weiss Ratings maintains a sell rating.
• The company reported a quarterly loss of $0.12 per share, missing the $0.08 consensus estimate. Institutional investors own 63.65% of the stock, with several hedge funds recently increasing their positions.

AirJoule Technologies Corporation (NASDAQ:AIRJ - Get Free Report)'s share price traded down 4.8% on Friday . The company traded as low as $4.53 and last traded at $4.56. Approximately 990,959 shares were traded during mid-day trading, a decline of 4% from the average session volume of 1,032,434 shares. The stock had previously closed at $4.79.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AIRJ shares. 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 AirJoule Technologies in a research note on Monday, August 17th. HC Wainwright reissued a "buy" rating and set a $12.00 price objective on shares of AirJoule Technologies in a report on Monday, May 18th. B. Riley Financial increased their price objective on AirJoule Technologies from $6.00 to $8.00 and gave the stock a "buy" rating in a research note on Monday, August 17th. Finally, Seaport Research Partners assumed coverage on AirJoule Technologies in a report on Friday, May 8th. They issued a "buy" rating and a $7.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $9.50.

AirJoule Technologies Trading Down 4.8%

The stock has a market capitalization of $334.46 million, a PE ratio of -3.51 and a beta of 0.86. The stock's fifty day simple moving average is $4.87 and its 200-day simple moving average is $4.01.

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

Hedge Funds Weigh In On AirJoule Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership bought a new position in AirJoule Technologies in the 1st quarter valued at $482,000. Corient Private Wealth LLC raised its stake in shares of AirJoule Technologies by 8.3% during the 4th quarter. Corient Private Wealth LLC now owns 1,788,563 shares of the company's stock worth $7,047,000 after purchasing an additional 137,337 shares during the period. Renaissance Technologies LLC raised its stake in shares of AirJoule Technologies by 36.8% during the 1st quarter. Renaissance Technologies LLC now owns 393,200 shares of the company's stock worth $987,000 after purchasing an additional 105,700 shares during the period. Private Advisor Group LLC raised its stake in shares of AirJoule Technologies by 15.7% during the 1st 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. Finally, Deutsche Bank AG purchased a new position in shares of AirJoule Technologies in the 4th quarter worth about $81,000. Hedge funds and other institutional investors own 63.65% of the company's stock.

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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