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

Shares of AirJoule Technologies Corporation (NASDAQ:AIRJ) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $9.50.

A number of brokerages recently weighed in on AIRJ. UBS Group set a $10.00 target price on shares of AirJoule Technologies in a report on Monday, August 17th. Needham & Company LLC began coverage on AirJoule Technologies in a research note on Monday, August 31st. They set a “hold” rating on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of AirJoule Technologies in a research report on Thursday, August 13th. Finally, B. Riley Financial upped their price objective on shares of AirJoule Technologies from $6.00 to $8.00 and gave the company a “buy” rating in a research note on Monday, August 17th.

AirJoule Technologies Stock Performance

NASDAQ AIRJ opened at $4.08 on Thursday. AirJoule Technologies has a one year low of $2.22 and a one year high of $6.75. The company has a 50-day simple moving average of $4.74 and a 200-day simple moving average of $4.13. The firm has a market capitalization of $299.27 million, a PE ratio of -3.14 and a beta of 0.87.

AirJoule Technologies (NASDAQ:AIRJ) last posted its earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.04). Equities analysts forecast that AirJoule Technologies will post -0.09 earnings per share for the current year.

Institutional Investors Weigh In On AirJoule Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Operose Advisors LLC acquired a new stake in AirJoule Technologies during the 2nd quarter worth approximately $100,000. Concurrent Investment Advisors LLC acquired a new position in shares of AirJoule Technologies in the second quarter valued at approximately $144,000. Bank of America Corp DE increased its position in shares of AirJoule Technologies by 63.5% during the first quarter. Bank of America Corp DE now owns 25,779 shares of the company’s stock worth $65,000 after acquiring an additional 10,011 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of AirJoule Technologies by 36.8% during the first quarter. Renaissance Technologies LLC now owns 393,200 shares of the company’s stock worth $987,000 after acquiring an additional 105,700 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of AirJoule Technologies during the first quarter worth $482,000. 63.65% of the stock is currently owned by institutional investors and hedge funds.

AirJoule Technologies Company Profile

AirJoule Technologies Corp. develops atmospheric water harvesting and energy-efficiency technologies. Its proprietary AirJoule technology is designed to extract water vapor from ambient air and produce usable water, while also supporting dehumidification and cooling applications.

The company’s products and systems are intended for use in commercial, industrial, agricultural and other settings where access to water or efficient humidity control is important. AirJoule technologies may be deployed as standalone water-generation systems or integrated into heating, ventilation and air-conditioning infrastructure.

AirJoule Technologies was formerly known as Montana Technologies Corporation.