AirJoule Technologies (NASDAQ:AIRJ) Shares Down 3.8% – Time to Sell?

AirJoule Technologies Corporation (NASDAQ:AIRJ)’s share price traded down 3.8% on Tuesday . The stock traded as low as $4.36 and last traded at $4.36. 1,240,360 shares changed hands during mid-day trading, an increase of 20% from the average daily volume of 1,033,680 shares. The stock had previously closed at $4.53.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AIRJ. Needham & Company LLC initiated coverage on AirJoule Technologies in a report on Monday. They issued a “hold” rating on the stock. Seaport Research Partners assumed coverage on AirJoule Technologies in a research report on Friday, May 8th. They issued a “buy” rating and a $7.00 target price on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of AirJoule Technologies in a report on Thursday, August 13th. HC Wainwright reissued a “buy” rating and set a $12.00 price objective on shares of AirJoule Technologies in a research report on Monday, May 18th. Finally, B. Riley Financial boosted their price objective on shares of AirJoule Technologies from $6.00 to $8.00 and gave the company a “buy” rating in a report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, AirJoule Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $9.50.

AirJoule Technologies Price Performance

The firm has a 50-day moving average price of $4.83 and a 200 day moving average price of $4.05. The firm has a market capitalization of $324.93 million, a PE ratio of -3.41 and a beta of 0.87.

AirJoule Technologies (NASDAQ:AIRJ) last released its earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.04). Equities research analysts expect that AirJoule Technologies Corporation will post -0.09 earnings per share for the current year.

Institutional Investors Weigh In On AirJoule Technologies

A number of large investors have recently modified their holdings of the company. Bank of America Corp DE increased its holdings in AirJoule Technologies by 8,851.2% in the fourth quarter. Bank of America Corp DE now owns 11,189 shares of the company’s stock valued at $89,000 after buying an additional 11,064 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in AirJoule Technologies by 46.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 85,150 shares of the company’s stock worth $393,000 after buying an additional 26,995 shares during the last quarter. Jane Street Group LLC boosted its position in shares of AirJoule Technologies by 103.2% during the 1st quarter. Jane Street Group LLC now owns 29,956 shares of the company’s stock worth $138,000 after acquiring an additional 15,212 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of AirJoule Technologies by 111.1% in the 2nd quarter. Geode Capital Management LLC now owns 517,203 shares of the company’s stock valued at $2,395,000 after acquiring an additional 272,253 shares during the last quarter. Finally, Creative Planning purchased a new position in shares of AirJoule Technologies in the 2nd quarter valued at about $441,000. 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.