AirJoule Technologies Corporation (NASDAQ:AIRJ) Receives $7.00 Average Price Target from Analysts

Shares of AirJoule Technologies Corporation (NASDAQ:AIRJ) have earned an average rating of “Moderate Buy” from the four brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $7.00.

A number of research analysts have recently issued reports on AIRJ shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of AirJoule Technologies in a research note on Friday, March 27th. B. Riley Financial assumed coverage on shares of AirJoule Technologies in a report on Thursday, April 30th. They issued a “buy” rating and a $6.00 price target for the company. Finally, Seaport Research Partners assumed coverage on shares of AirJoule Technologies in a report on Friday, May 8th. They issued a “buy” rating and a $7.00 price target for the company.

AirJoule Technologies Stock Up 2.3%

AIRJ stock opened at $3.92 on Friday. AirJoule Technologies has a twelve month low of $2.22 and a twelve month high of $6.75. The company has a market cap of $268.32 million, a PE ratio of -28.00 and a beta of 0.72. The business’s 50-day simple moving average is $3.19 and its 200 day simple moving average is $3.52.

AirJoule Technologies (NASDAQ:AIRJ) last announced its quarterly earnings results on Monday, May 11th. The company reported ($0.74) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.68). On average, equities research analysts anticipate that AirJoule Technologies will post -0.28 EPS for the current year.

Institutional Trading of AirJoule Technologies

A number of institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new stake in AirJoule Technologies in the 2nd quarter valued at $31,000. Sei Investments Co. bought a new stake in AirJoule Technologies in the 1st quarter valued at $77,000. Renaissance Technologies LLC lifted its position in AirJoule Technologies by 36.8% in the 1st quarter. Renaissance Technologies LLC now owns 393,200 shares of the company’s stock valued at $987,000 after acquiring an additional 105,700 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in AirJoule Technologies in the 1st quarter valued at $482,000. Finally, Private Advisor Group LLC lifted its position in AirJoule Technologies by 15.7% in the 1st quarter. Private Advisor Group LLC now owns 29,500 shares of the company’s stock valued at $74,000 after acquiring an additional 4,000 shares in the last quarter. Institutional investors and hedge funds 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.