AirJoule Technologies (NASDAQ:AIRJ) Releases Earnings Results, Misses Estimates By $0.28 EPS

AirJoule Technologies (NASDAQ:AIRJ) issued its quarterly earnings data on Tuesday. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.28), FiscalAI reports.

AirJoule Technologies Price Performance

AIRJ opened at $2.90 on Tuesday. The company has a 50 day simple moving average of $3.26 and a two-hundred day simple moving average of $3.95. The firm has a market cap of $175.97 million, a P/E ratio of -19.33 and a beta of 0.45. AirJoule Technologies has a 1-year low of $2.61 and a 1-year high of $6.75.

Analysts Set New Price Targets

A number of research firms have weighed in on AIRJ. Lucid Cap Mkts raised AirJoule Technologies to a “strong-buy” rating in a report on Monday, December 22nd. LADENBURG THALM/SH SH began coverage on AirJoule Technologies in a research note on Tuesday, December 16th. They set a “buy” rating and a $8.00 price target for the company. UBS Group set a $7.00 price target on shares of AirJoule Technologies in a research report on Monday, December 22nd. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of AirJoule Technologies in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $7.50.

Insiders Place Their Bets

In other news, Chairman Patrick C. Eilers bought 76,923 shares of the stock in a transaction that occurred on Thursday, January 15th. The shares were bought at an average price of $3.25 per share, for a total transaction of $249,999.75. Following the purchase, the chairman owned 1,860,518 shares in the company, valued at $6,046,683.50. This represents a 4.31% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Stuart D. Porter bought 153,846 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The stock was purchased at an average cost of $3.25 per share, with a total value of $499,999.50. Following the acquisition, the director directly owned 776,879 shares in the company, valued at $2,524,856.75. This trade represents a 24.69% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have purchased 238,461 shares of company stock worth $774,998. 40.39% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AirJoule Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in AirJoule Technologies during the 2nd quarter valued at approximately $31,000. Group One Trading LLC purchased a new stake in shares of AirJoule Technologies during the 2nd quarter worth approximately $42,000. Abel Hall LLC purchased a new stake in shares of AirJoule Technologies during the 4th quarter worth approximately $46,000. Invesco Ltd. bought a new position in shares of AirJoule Technologies during the 2nd quarter valued at approximately $50,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of AirJoule Technologies during the 2nd quarter valued at approximately $54,000. 63.65% of the stock is owned by institutional investors.

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.