AirJoule Technologies (NASDAQ:AIRJ) Shares Down 4.2% – What’s Next?

AirJoule Technologies Corporation (NASDAQ:AIRJ)’s stock price was down 4.2% on Thursday . The stock traded as low as $4.98 and last traded at $5.04. Approximately 1,624,930 shares changed hands during trading, an increase of 58% from the average session volume of 1,029,340 shares. The stock had previously closed at $5.26.

Analysts Set New Price Targets

AIRJ has been the topic of a number of research analyst reports. UBS Group set a $10.00 price target on shares of AirJoule Technologies in a report on Monday. Weiss Ratings reissued a “sell (d)” rating on shares of AirJoule Technologies in a research report on Thursday, August 13th. HC Wainwright restated a “buy” rating and issued a $12.00 target price on shares of AirJoule Technologies in a research note on Monday, May 18th. B. Riley Financial raised 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. Finally, Seaport Research Partners initiated coverage on AirJoule Technologies in a report on Friday, May 8th. They issued a “buy” rating and a $7.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, AirJoule Technologies presently has an average rating of “Moderate Buy” and an average price target of $9.50.

AirJoule Technologies Price Performance

The firm has a fifty day moving average of $4.80 and a two-hundred day moving average of $3.93. The stock has a market capitalization of $364.90 million, a P/E ratio of -3.88 and a beta of 0.86.

AirJoule Technologies (NASDAQ:AIRJ) last issued its 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, sell-side analysts forecast that AirJoule Technologies Corporation will post -0.09 EPS for the current fiscal year.

Hedge Funds Weigh In On AirJoule Technologies

Several institutional investors have recently bought and sold shares of AIRJ. Arrowstreet Capital Limited Partnership purchased a new stake in AirJoule Technologies during the first quarter worth $482,000. Corient Private Wealth LLC increased its holdings in shares of AirJoule Technologies by 8.3% in the 4th 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. Renaissance Technologies LLC raised its position in shares of AirJoule Technologies by 36.8% in the 1st quarter. Renaissance Technologies LLC now owns 393,200 shares of the company’s stock worth $987,000 after acquiring an additional 105,700 shares in the last quarter. Private Advisor Group LLC raised its position in shares of AirJoule Technologies by 15.7% in the 1st quarter. Private Advisor Group LLC now owns 29,500 shares of the company’s stock worth $74,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Group One Trading LLC purchased a new stake in shares of AirJoule Technologies during the 2nd quarter worth $42,000. 63.65% of the stock is owned by hedge funds and other 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.