AirJoule Technologies Corporation (NASDAQ:AIRJ) Receives $8.25 Consensus Target Price from Analysts

Shares of AirJoule Technologies Corporation (NASDAQ:AIRJ) have been given an average recommendation of “Moderate Buy” by the five ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $8.25.

Several research analysts have issued reports on AIRJ shares. HC Wainwright reiterated a “buy” rating and set a $12.00 target price on shares of AirJoule Technologies in a report on Monday, May 18th. Seaport Research Partners started coverage on shares of AirJoule Technologies in a report on Friday, May 8th. They set a “buy” rating and a $7.00 target price on the stock. B. Riley Financial started coverage on shares of AirJoule Technologies in a report on Thursday, April 30th. They set a “buy” rating and a $6.00 target price on the stock. Finally, Weiss Ratings upgraded shares of AirJoule Technologies from a “sell (e+)” rating to a “sell (d)” rating in a report on Monday, May 18th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in AirJoule Technologies by 63.5% during the 1st 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 grew its holdings in AirJoule Technologies by 36.8% during the 1st quarter. Renaissance Technologies LLC now owns 393,200 shares of the company’s stock worth $987,000 after acquiring an additional 105,700 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in AirJoule Technologies during the 1st quarter worth about $482,000. Sei Investments Co. bought a new position in AirJoule Technologies during the 1st quarter worth about $77,000. Finally, Bank of New York Mellon Corp grew its holdings in AirJoule Technologies by 23.4% during the 1st quarter. Bank of New York Mellon Corp now owns 65,113 shares of the company’s stock worth $163,000 after acquiring an additional 12,362 shares in the last quarter. 63.65% of the stock is currently owned by institutional investors.

AirJoule Technologies Trading Down 4.7%

NASDAQ AIRJ opened at $4.64 on Tuesday. The company’s 50-day moving average price is $3.61 and its 200-day moving average price is $3.48. The stock has a market cap of $317.61 million, a PE ratio of -4.07 and a beta of 0.88. AirJoule Technologies has a 12 month low of $2.22 and a 12 month high of $6.75.

AirJoule Technologies (NASDAQ:AIRJ) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.74) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.68). As a group, sell-side analysts forecast that AirJoule Technologies will post -0.14 earnings per share for the current year.

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.