AirJoule Technologies (NASDAQ:AIRJ) Trading 1.6% Higher - Here's What Happened

Key Points

• AirJoule Technologies shares rose 1.6% to $4.43, with trading volume down 20% from its average. The company has a market capitalization of approximately $325 million.
• Analyst sentiment is mixed but leans positive: the stock has a consensus “Moderate Buy” rating and an average price target of $9.50, compared with recent targets ranging from $7 to $10.
• 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 major firms recently increasing their holdings.

AirJoule Technologies Corporation (NASDAQ:AIRJ - Get Free Report)'s share price rose 1.6% on Wednesday . The stock traded as high as $4.52 and last traded at $4.43. 823,828 shares changed hands during trading, a decline of 20% from the average daily volume of 1,032,510 shares. The stock had previously closed at $4.36.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AIRJ. Seaport Research Partners started coverage on AirJoule Technologies in a report on Friday, May 8th. They set a "buy" rating and a $7.00 price objective on the stock. B. Riley Financial increased their target price on 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 shares of AirJoule Technologies in a report on Monday. They set a "hold" rating on the stock. UBS Group set a $10.00 price target on shares of AirJoule Technologies in a research note on Monday, August 17th. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of AirJoule Technologies in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, AirJoule Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $9.50.

AirJoule Technologies Trading Up 1.6%

The company has a market capitalization of $324.94 million, a P/E ratio of -3.41 and a beta of 0.87. The stock has a 50 day moving average price of $4.85 and a 200 day moving average price of $4.04.

AirJoule Technologies (NASDAQ:AIRJ - Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.04). On average, research analysts predict that AirJoule Technologies Corporation will post -0.09 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Corient Private Wealth LLC boosted its position in shares of AirJoule Technologies by 8.3% in the fourth quarter. Corient Private Wealth LLC now owns 1,788,563 shares of the company's stock valued at $7,047,000 after acquiring an additional 137,337 shares during the period. Vanguard Group Inc. increased its holdings in AirJoule Technologies by 6.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,162,542 shares of the company's stock worth $5,452,000 after acquiring an additional 73,661 shares during the period. Geode Capital Management LLC lifted its stake in AirJoule Technologies by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 584,590 shares of the company's stock worth $2,304,000 after purchasing an additional 27,648 shares in the last quarter. Vident Advisory LLC purchased a new stake in AirJoule Technologies in the 4th quarter worth approximately $1,849,000. Finally, State Street Corp boosted its holdings in AirJoule Technologies by 45.1% in the 4th quarter. State Street Corp now owns 416,263 shares of the company's stock valued at $1,640,000 after purchasing an additional 129,418 shares during the period. 63.65% of the stock is owned by institutional investors.

About AirJoule Technologies

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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