AirJoule Technologies (NASDAQ:AIRJ) Issues Quarterly Earnings Results, Misses Estimates By $0.68 EPS

AirJoule Technologies (NASDAQ:AIRJ) issued its quarterly earnings results on Thursday. The company reported ($0.74) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.68), FiscalAI reports.

AirJoule Technologies Stock Performance

AIRJ stock traded up $0.09 during trading on Thursday, reaching $3.92. 1,008,686 shares of the company were exchanged, compared to its average volume of 473,307. The stock’s 50 day moving average price is $3.18 and its 200 day moving average price is $3.53. AirJoule Technologies has a 52-week low of $2.22 and a 52-week high of $6.75. The company has a market cap of $268.39 million, a P/E ratio of -28.01 and a beta of 0.72.

Institutional Investors Weigh In On AirJoule Technologies

Several institutional investors have recently modified their holdings of AIRJ. Bank of America Corp DE increased its stake in AirJoule Technologies by 8,851.2% in the 4th quarter. Bank of America Corp DE now owns 11,189 shares of the company’s stock valued at $89,000 after purchasing an additional 11,064 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in AirJoule Technologies by 46.4% in the first 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 last quarter. Jane Street Group LLC increased 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 valued at $138,000 after buying an additional 15,212 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of AirJoule Technologies by 111.1% during the 2nd quarter. Geode Capital Management LLC now owns 517,203 shares of the company’s stock worth $2,395,000 after buying an additional 272,253 shares during the last quarter. Finally, Creative Planning purchased a new stake in shares of AirJoule Technologies in the 2nd quarter worth about $441,000. Hedge funds and other institutional investors own 63.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AIRJ shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AirJoule Technologies in a report on Friday, March 27th. B. Riley Financial started coverage on AirJoule Technologies in a report on Thursday, April 30th. They issued a “buy” rating and a $6.00 price target for the company. Finally, Seaport Research Partners started coverage on AirJoule Technologies in a report on Friday, May 8th. They set a “buy” rating and a $7.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $7.00.

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.