AirJoule Technologies Target of Unusually High Options Trading (NASDAQ:AIRJ)

AirJoule Technologies Corporation (NASDAQ:AIRJ) was the recipient of unusually large options trading on Wednesday. Stock investors acquired 3,444 call options on the company. This represents an increase of 699% compared to the typical volume of 431 call options.

AirJoule Technologies Trading Up 20.6%

Shares of NASDAQ AIRJ traded up $0.78 during midday trading on Wednesday, reaching $4.55. The company had a trading volume of 3,890,415 shares, compared to its average volume of 868,807. The business’s 50-day simple moving average is $4.46 and its 200 day simple moving average is $3.71. The stock has a market cap of $329.13 million, a P/E ratio of -3.97 and a beta of 0.83. AirJoule Technologies has a 1 year low of $2.22 and a 1 year high of $6.75.

AirJoule Technologies (NASDAQ:AIRJ) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.74) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.68). Analysts predict that AirJoule Technologies will post -0.14 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Weiss Ratings upgraded shares of AirJoule Technologies from a “sell (e+)” rating to a “sell (d)” rating in a research note on Monday, May 18th. HC Wainwright reaffirmed a “buy” rating and set a $12.00 price target on shares of AirJoule Technologies in a research report on Monday, May 18th. Seaport Research Partners began coverage on AirJoule Technologies in a report on Friday, May 8th. They set a “buy” rating and a $7.00 price objective for the company. Finally, B. Riley Financial initiated coverage on AirJoule Technologies in a report on Thursday, April 30th. They set a “buy” rating and a $6.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $8.25.

Institutional Trading of AirJoule Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its stake in AirJoule Technologies by 8,851.2% during 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 during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of 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 period. Jane Street Group LLC raised its stake 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 worth $138,000 after purchasing an additional 15,212 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of AirJoule Technologies by 111.1% in the second quarter. Geode Capital Management LLC now owns 517,203 shares of the company’s stock worth $2,395,000 after purchasing an additional 272,253 shares during the last quarter. Finally, Creative Planning acquired a new stake in shares of AirJoule Technologies during the second quarter worth about $441,000. Institutional investors and hedge funds 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.