AirJoule Technologies Corporation (NASDAQ:AIRJ) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of AirJoule Technologies Corporation (NASDAQ:AIRJ) have earned a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $9.50.

AIRJ has been the topic of a number of analyst reports. UBS Group set a $10.00 price objective on shares of AirJoule Technologies in a report on Monday, August 17th. B. Riley Financial increased their target price on shares of AirJoule Technologies from $6.00 to $8.00 and gave the company a “buy” rating in a report on Monday, August 17th. Weiss Ratings reissued a “sell (d)” rating on shares of AirJoule Technologies in a research report on Thursday, August 13th. HC Wainwright restated a “buy” rating and set a $12.00 price target on shares of AirJoule Technologies in a report on Monday, May 18th. Finally, Seaport Research Partners assumed coverage on shares of AirJoule Technologies in a research report on Friday, May 8th. They issued a “buy” rating and a $7.00 price objective for the company.

AirJoule Technologies Stock Down 0.4%

Shares of AirJoule Technologies stock opened at $5.02 on Friday. AirJoule Technologies has a 52 week low of $2.22 and a 52 week high of $6.75. The business has a 50 day moving average price of $4.83 and a 200-day moving average price of $3.95. The company has a market cap of $368.22 million, a PE ratio of -3.86 and a beta of 0.86.

AirJoule Technologies (NASDAQ:AIRJ) last announced its earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.04). As a group, research analysts anticipate that AirJoule Technologies will post -0.09 EPS for the current year.

Hedge Funds Weigh In On AirJoule Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of AIRJ. Raymond James Financial Inc. purchased a new stake in shares of AirJoule Technologies during the second quarter valued at approximately $31,000. Group One Trading LLC bought a new position in AirJoule Technologies in the 2nd quarter valued at $42,000. Invesco Ltd. purchased a new stake in shares of AirJoule Technologies during the 2nd quarter valued at $50,000. Bank of America Corp DE raised its stake in shares of 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 worth $89,000 after purchasing an additional 11,064 shares during the period. Finally, Fagan Associates Inc. purchased a new position in shares of AirJoule Technologies in the 4th quarter worth about $46,000. Hedge funds and other institutional investors own 63.65% of the company’s stock.

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.