AirJoule Technologies (NASDAQ:AIRJ) Releases Quarterly Earnings Results, Misses Expectations By $0.68 EPS

AirJoule Technologies (NASDAQ:AIRJ) released its quarterly earnings results on Thursday. The company reported ($0.74) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.68), FiscalAI reports.

AirJoule Technologies Trading Up 2.4%

Shares of AIRJ stock traded up $0.09 during trading hours on Thursday, hitting $3.92. The company’s stock had a trading volume of 1,008,686 shares, compared to its average volume of 473,307. AirJoule Technologies has a twelve month low of $2.22 and a twelve month high of $6.75. The business has a fifty day moving average of $3.18 and a 200-day moving average of $3.53. The stock has a market cap of $268.39 million, a price-to-earnings ratio of -28.01 and a beta of 0.72.

Analyst Ratings Changes

Several analysts have recently commented on AIRJ shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of AirJoule Technologies in a research report on Friday, March 27th. Seaport Research Partners started coverage on shares of AirJoule Technologies in a research report on Friday, May 8th. They issued a “buy” rating and a $7.00 price target on the stock. Finally, B. Riley Financial started coverage on shares of AirJoule Technologies in a research report on Thursday, April 30th. They issued a “buy” rating and a $6.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $7.00.

Institutional Trading of AirJoule Technologies

Hedge funds have recently bought and sold shares of the company. Deutsche Bank AG acquired a new stake in AirJoule Technologies during the fourth quarter worth approximately $81,000. Goldman Sachs Group Inc. boosted its position 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 acquiring an additional 3,323 shares during the last quarter. Private Advisor Group LLC acquired a new stake in AirJoule Technologies during the third quarter worth approximately $67,000. Group One Trading LLC boosted its position in AirJoule Technologies by 45.6% during the third quarter. Group One Trading LLC now owns 13,100 shares of the company’s stock worth $61,000 after acquiring an additional 4,100 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in AirJoule Technologies during the second quarter worth approximately $57,000. 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.