AirJoule Technologies (NASDAQ:AIRJ) Shares Up 5.9% – Time to Buy?

AirJoule Technologies Corporation (NASDAQ:AIRJ)’s share price rose 5.9% during trading on Friday . The company traded as high as $6.30 and last traded at $5.92. 2,537,921 shares traded hands during mid-day trading, an increase of 159% from the average session volume of 978,201 shares. The stock had previously closed at $5.59.

Analyst Ratings Changes

A number of research firms have issued reports on AIRJ. Weiss Ratings raised AirJoule Technologies from a “sell (e+)” rating to a “sell (d)” rating in a report on Monday, May 18th. HC Wainwright reiterated a “buy” rating and set a $12.00 price target on shares of AirJoule Technologies in a report on Monday, May 18th. B. Riley Financial assumed coverage on AirJoule Technologies in a research report on Thursday, April 30th. They issued a “buy” rating and a $6.00 price objective for the company. Finally, Seaport Research Partners started coverage on shares of AirJoule Technologies in a research report on Friday, May 8th. They set a “buy” rating and a $7.00 target price on the stock. One research 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 company. According to MarketBeat, AirJoule Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $8.25.

AirJoule Technologies Stock Up 5.9%

The firm has a market capitalization of $428.61 million, a price-to-earnings ratio of -5.19 and a beta of 0.86. The business has a 50-day moving average of $4.62 and a two-hundred day moving average of $3.78.

AirJoule Technologies (NASDAQ:AIRJ) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.74) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.68). Equities analysts predict that AirJoule Technologies Corporation will post -0.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in AirJoule Technologies in the 2nd quarter valued at $31,000. Group One Trading LLC acquired a new stake in shares of AirJoule Technologies during the 2nd quarter valued at about $42,000. Invesco Ltd. bought a new stake in AirJoule Technologies in the second quarter valued at about $50,000. Bank of America Corp DE increased its stake in AirJoule Technologies by 8,851.2% in the fourth quarter. Bank of America Corp DE now owns 11,189 shares of the company’s stock valued at $89,000 after acquiring an additional 11,064 shares during the period. Finally, Fagan Associates Inc. acquired a new position in AirJoule Technologies in the fourth quarter worth about $46,000. 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.