AirJoule Technologies (NASDAQ:AIRJ) Stock Price Up 5.9% – What’s Next?

AirJoule Technologies Corporation (NASDAQ:AIRJ) shares shot up 5.9% during trading on Friday . The stock traded as high as $6.30 and last traded at $5.92. 2,537,921 shares traded hands during trading, an increase of 159% from the average daily volume of 978,201 shares. The stock had previously closed at $5.59.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AIRJ. Seaport Research Partners initiated coverage on AirJoule Technologies in a research note on Friday, May 8th. They issued a “buy” rating and a $7.00 price objective for the company. HC Wainwright restated a “buy” rating and set a $12.00 target price on shares of AirJoule Technologies in a report on Monday, May 18th. B. Riley Financial assumed coverage on AirJoule Technologies in a research report on Thursday, April 30th. They issued a “buy” rating and a $6.00 target price for the company. Finally, 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. One 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $8.25.

AirJoule Technologies Trading Up 5.9%

The company has a market capitalization of $428.61 million, a price-to-earnings ratio of -5.19 and a beta of 0.86. The stock’s fifty day simple moving average is $4.65 and its 200-day simple moving average is $3.79.

AirJoule Technologies (NASDAQ:AIRJ) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.74) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.68). On average, analysts anticipate that AirJoule Technologies Corporation will post -0.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AIRJ. Raymond James Financial Inc. purchased a new stake in AirJoule Technologies during the 2nd quarter worth about $31,000. Group One Trading LLC purchased a new position in shares of AirJoule Technologies in the 2nd quarter valued at about $42,000. Fagan Associates Inc. acquired a new position in shares of AirJoule Technologies during the fourth quarter worth about $46,000. Abel Hall LLC acquired a new position in shares of AirJoule Technologies during the fourth quarter worth about $46,000. Finally, Invesco Ltd. acquired a new position in shares of AirJoule Technologies during the second quarter worth about $50,000. 63.65% of the stock is owned by institutional investors and hedge funds.

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.