AirJoule Technologies (NASDAQ:AIRJ) Issues Earnings Results, Misses Estimates By $0.04 EPS

AirJoule Technologies (NASDAQ:AIRJ) issued its quarterly earnings data on Thursday. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.04), FiscalAI reports.

AirJoule Technologies Stock Performance

AIRJ remained flat at $6.32 during midday trading on Thursday. The company’s stock had a trading volume of 1,692,283 shares, compared to its average volume of 999,933. The company’s 50-day moving average price is $4.70 and its 200-day moving average price is $3.85. The firm has a market capitalization of $457.57 million, a P/E ratio of -5.54 and a beta of 0.86. AirJoule Technologies has a fifty-two week low of $2.22 and a fifty-two week high of $6.75.

Institutional Investors Weigh In On AirJoule Technologies

A number of institutional investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its holdings 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 worth $89,000 after purchasing an additional 11,064 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in AirJoule Technologies by 46.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 85,150 shares of the company’s stock worth $393,000 after purchasing an additional 26,995 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of AirJoule Technologies by 103.2% during the 1st quarter. Jane Street Group LLC now owns 29,956 shares of the company’s stock valued at $138,000 after purchasing an additional 15,212 shares during the last quarter. Geode Capital Management LLC boosted its holdings 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 valued at $2,395,000 after purchasing an additional 272,253 shares during the last quarter. Finally, Creative Planning purchased a new position in shares of AirJoule Technologies during the second quarter valued at about $441,000. Hedge funds and other institutional investors own 63.65% of the company’s stock.

Wall Street Analyst Weigh In

AIRJ has been the subject of a number of research reports. HC Wainwright reiterated a “buy” rating and set a $12.00 target price 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 issued a “buy” rating and a $6.00 price objective for the company. Weiss Ratings upgraded 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 research report 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 assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, AirJoule Technologies has an average rating of “Moderate Buy” and an average price target of $8.25.

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.