AirJoule Technologies (NASDAQ:AIRJ – Get Free Report) announced its quarterly earnings results on Thursday. The company reported ($0.74) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.68), FiscalAI reports.
AirJoule Technologies Stock Down 4.8%
Shares of NASDAQ AIRJ traded down $0.19 during mid-day trading on Friday, reaching $3.73. 1,055,016 shares of the company were exchanged, compared to its average volume of 481,886. AirJoule Technologies has a twelve month low of $2.22 and a twelve month high of $6.75. The stock has a market capitalization of $255.32 million, a P/E ratio of -26.64 and a beta of 0.72. The company’s 50-day simple moving average is $3.19 and its 200-day simple moving average is $3.52.
Wall Street Analyst Weigh In
A number of analysts have commented on the stock. Seaport Research Partners assumed coverage on shares of AirJoule Technologies in a research note on Friday, May 8th. They issued a “buy” rating and a $7.00 price target for the company. B. Riley Financial assumed coverage on shares of AirJoule Technologies in a research note on Thursday, April 30th. They issued a “buy” rating and a $6.00 price target for the company. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of AirJoule Technologies in a research note on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $7.00.
Hedge Funds Weigh In On AirJoule Technologies
A number of hedge funds have recently bought and sold shares of the business. Corient Private Wealth LLC increased its position in AirJoule Technologies by 8.3% during the fourth quarter. Corient Private Wealth LLC now owns 1,788,563 shares of the company’s stock worth $7,047,000 after acquiring an additional 137,337 shares during the period. Vident Advisory LLC bought a new position in AirJoule Technologies during the fourth quarter worth about $1,849,000. XTX Topco Ltd bought a new position in AirJoule Technologies during the fourth quarter worth about $79,000. Abel Hall LLC bought a new position in AirJoule Technologies during the fourth quarter worth about $46,000. Finally, Barclays PLC increased its position in AirJoule Technologies by 11.1% during the fourth quarter. Barclays PLC now owns 37,506 shares of the company’s stock worth $148,000 after acquiring an additional 3,760 shares during the period. 63.65% of the stock is owned by institutional investors.
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.
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