AirJoule Technologies Corporation (NASDAQ:AIRJ – Get Free Report) saw some unusual options trading on Wednesday. Investors bought 3,444 call options on the company. This represents an increase of approximately 699% compared to the typical volume of 431 call options.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the business. Vident Advisory LLC purchased a new stake in AirJoule Technologies in the 4th quarter worth about $1,849,000. Geode Capital Management LLC grew its stake in AirJoule Technologies by 111.1% during 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 in the last quarter. Renaissance Technologies LLC grew its stake in AirJoule Technologies by 417.1% during the 4th quarter. Renaissance Technologies LLC now owns 287,500 shares of the company’s stock valued at $1,133,000 after acquiring an additional 231,900 shares in the last quarter. Marshall Wace LLP grew its stake in AirJoule Technologies by 160.9% during the 4th quarter. Marshall Wace LLP now owns 314,948 shares of the company’s stock valued at $1,241,000 after acquiring an additional 194,212 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of AirJoule Technologies in the 1st quarter valued at about $482,000. 63.65% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on AIRJ shares. Weiss Ratings upgraded AirJoule Technologies from a “sell (e+)” rating to a “sell (d)” rating in a report on Monday, May 18th. HC Wainwright reissued a “buy” rating and issued a $12.00 price target on shares of AirJoule Technologies in a research note on Monday, May 18th. B. Riley Financial assumed coverage on AirJoule Technologies in a report on Thursday, April 30th. They set a “buy” rating and a $6.00 price objective on the stock. Finally, Seaport Research Partners began coverage on shares of AirJoule Technologies in a research note on Friday, May 8th. They set a “buy” rating and a $7.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $8.25.
AirJoule Technologies Price Performance
NASDAQ AIRJ traded up $0.78 on Wednesday, hitting $4.55. 3,890,415 shares of the stock were exchanged, compared to its average volume of 868,807. AirJoule Technologies has a 52-week low of $2.22 and a 52-week high of $6.75. The company has a market capitalization of $329.13 million, a price-to-earnings ratio of -3.97 and a beta of 0.83. The company’s 50-day moving average price is $4.46 and its two-hundred day moving average price is $3.71.
AirJoule Technologies (NASDAQ:AIRJ – Get Free Report) last announced its earnings results on Thursday, May 14th. The company reported ($0.74) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.68). Equities analysts predict that AirJoule Technologies will post -0.14 EPS for the current fiscal year.
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.
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