AirJoule Technologies Corporation (NASDAQ:AIRJ) Stock Has Consensus Target Price of $9.20 According to Analysts

AirJoule Technologies Corporation (NASDAQ:AIRJ) has received a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $9.20.

Several research analysts have issued reports on the stock. B. Riley Financial lifted their price target on shares of AirJoule Technologies from $6.00 to $8.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. Needham & Company LLC started coverage on AirJoule Technologies in a research report on Monday, August 31st. They set a “hold” rating for the company. D. Boral Capital began coverage on AirJoule Technologies in a research note on Friday, October 2nd. They set a “buy” rating and a $8.00 price objective for the company. UBS Group set a $10.00 price objective on AirJoule Technologies in a research note on Monday, August 17th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of AirJoule Technologies in a report on Thursday, August 13th.

Institutional Trading of AirJoule Technologies

A number of hedge funds have recently modified their holdings of the business. Operose Advisors LLC bought a new stake in AirJoule Technologies during the 2nd quarter valued at approximately $100,000. Bank of America Corp DE increased its position in AirJoule Technologies by 63.5% in the 1st quarter. Bank of America Corp DE now owns 25,779 shares of the company’s stock worth $65,000 after buying an additional 10,011 shares during the period. Concurrent Investment Advisors LLC bought a new position in AirJoule Technologies in the 2nd quarter worth approximately $144,000. Private Advisor Group LLC increased 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 worth $74,000 after buying an additional 4,000 shares during the period. Finally, Sei Investments Co. acquired a new position in shares of AirJoule Technologies during the first quarter worth approximately $77,000. Hedge funds and other institutional investors own 63.65% of the company’s stock.

AirJoule Technologies Price Performance

Shares of AIRJ opened at $3.61 on Monday. The firm’s 50 day moving average is $4.69 and its 200-day moving average is $4.21. The stock has a market capitalization of $264.79 million, a P/E ratio of -2.78 and a beta of 0.89. AirJoule Technologies has a 12-month low of $2.22 and a 12-month high of $6.75.

AirJoule Technologies (NASDAQ:AIRJ) last released its earnings results 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 forecast that AirJoule Technologies will post -0.09 EPS for the current fiscal year.

About AirJoule Technologies

AirJoule Technologies Corp. (NASDAQ:AIRJ) develops technologies that extract water vapor from the atmosphere. Its platform is designed to capture moisture from ambient air and convert it into usable water, including potable water and water for commercial or industrial applications.

The company’s technology is based on advanced sorbent materials that selectively absorb water vapor. AirJoule also aims to support energy-efficient humidity control and dehumidification, with potential applications in buildings, industrial facilities, agriculture, data centers and other settings where water recovery or climate control is important.

AirJoule Technologies was formerly known as Montana Technologies Corporation and became a publicly traded company through a business combination.