AirJoule Technologies (NASDAQ:AIRJ) Trading Up 9.2% – Should You Buy?

Shares of AirJoule Technologies Corporation (NASDAQ:AIRJ) rose 9.2% during trading on Thursday . The company traded as high as $4.42 and last traded at $4.39. Approximately 1,026,171 shares traded hands during trading, an increase of 12% from the average daily volume of 918,622 shares. The stock had previously closed at $4.02.

Wall Street Analyst Weigh In

Several research firms have recently commented on AIRJ. B. Riley Financial initiated coverage on shares of AirJoule Technologies in a research report on Thursday, April 30th. They set a “buy” rating and a $6.00 target price for the company. HC Wainwright reissued a “buy” rating and issued a $12.00 price objective on shares of AirJoule Technologies in a research note on Monday, May 18th. Weiss Ratings raised AirJoule Technologies from a “sell (e+)” rating to a “sell (d)” rating in a research report on Monday, May 18th. 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 target for the company. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $8.25.

AirJoule Technologies Stock Performance

The company’s 50 day simple moving average is $4.53 and its 200 day simple moving average is $3.72. The stock has a market cap of $317.84 million, a PE ratio of -3.85 and a beta of 0.83.

AirJoule Technologies (NASDAQ:AIRJ) last released 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 research analysts expect that AirJoule Technologies Corporation will post -0.14 earnings per share for the current year.

Hedge Funds Weigh In On AirJoule Technologies

Several institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its holdings in AirJoule Technologies by 16.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 24,113 shares of the company’s stock worth $95,000 after buying an additional 3,323 shares during the last quarter. Barclays PLC increased its stake in shares of AirJoule Technologies by 11.1% during the 4th quarter. Barclays PLC now owns 37,506 shares of the company’s stock worth $148,000 after purchasing an additional 3,760 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of 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 purchasing an additional 4,000 shares during the period. Group One Trading LLC lifted its stake in AirJoule Technologies by 45.6% in the third quarter. Group One Trading LLC now owns 13,100 shares of the company’s stock valued at $61,000 after purchasing an additional 4,100 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in AirJoule Technologies in the second quarter valued at approximately $31,000. Institutional investors own 63.65% of the company’s stock.

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.