AirJoule Technologies (NASDAQ:AIRJ) Trading Down 4.8% – What’s Next?

Shares of AirJoule Technologies Corporation (NASDAQ:AIRJ) traded down 4.8% during trading on Friday . The stock traded as low as $4.53 and last traded at $4.56. Approximately 990,959 shares traded hands during trading, a decline of 4% from the average daily volume of 1,032,434 shares. The stock had previously closed at $4.79.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Seaport Research Partners started coverage on shares of AirJoule Technologies in a research report on Friday, May 8th. They issued a “buy” rating and a $7.00 price target on the stock. HC Wainwright reiterated a “buy” rating and set a $12.00 price objective on shares of AirJoule Technologies in a research report on Monday, May 18th. B. Riley Financial raised 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. Weiss Ratings reaffirmed a “sell (d)” rating on shares of AirJoule Technologies in a report on Thursday, August 13th. Finally, UBS Group set a $10.00 price target on AirJoule Technologies in a research report on Monday, August 17th. One research 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 MarketBeat, 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 market cap of $334.48 million, a price-to-earnings ratio of -3.51 and a beta of 0.86. The stock’s fifty day moving average price is $4.87 and its 200-day moving average price is $4.01.

AirJoule Technologies (NASDAQ:AIRJ) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.04). As a group, equities research analysts predict that AirJoule Technologies Corporation will post -0.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE boosted its position in AirJoule Technologies by 8,851.2% during the 4th quarter. Bank of America Corp DE now owns 11,189 shares of the company’s stock worth $89,000 after acquiring an additional 11,064 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of AirJoule Technologies by 46.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 85,150 shares of the company’s stock valued at $393,000 after purchasing an additional 26,995 shares during the period. Jane Street Group LLC lifted its position in shares of AirJoule Technologies by 103.2% in the first quarter. Jane Street Group LLC now owns 29,956 shares of the company’s stock worth $138,000 after purchasing an additional 15,212 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of AirJoule Technologies by 111.1% in the second quarter. Geode Capital Management LLC now owns 517,203 shares of the company’s stock worth $2,395,000 after purchasing an additional 272,253 shares in the last quarter. Finally, Creative Planning acquired a new stake in shares of AirJoule Technologies during the second quarter worth approximately $441,000. Hedge funds and other institutional investors own 63.65% of the company’s stock.

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.