AirJoule Technologies Corporation (NASDAQ:AIRJ) Given Consensus Rating of “Moderate Buy” by Analysts

by · The Cerbat Gem

Shares of AirJoule Technologies Corporation (NASDAQ:AIRJ – Get Free Report) have been given an average rating of “Moderate Buy” by the five research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $9.50.

A number of research firms have commented on AIRJ. Lucid Cap Mkts raised AirJoule Technologies to a “strong-buy” rating in a report on Monday. Weiss Ratings reissued a “sell (e+)” rating on shares of AirJoule Technologies in a report on Monday, December 15th. LADENBURG THALM/SH SH initiated coverage on shares of AirJoule Technologies in a report on Tuesday, December 16th. They set a “buy” rating and a $8.00 price objective for the company. Finally, UBS Group set a $7.00 target price on shares of AirJoule Technologies in a report on Monday.

Read Our Latest Report on AirJoule Technologies

Insider Activity

In other news, Director Thomas Edward Murphy bought 17,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were bought at an average cost of $2.86 per share, for a total transaction of $50,050.00. Following the completion of the transaction, the director owned 17,500 shares of the company’s stock, valued at approximately $50,050. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Stuart D. Porter purchased 264,150 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The shares were purchased at an average cost of $2.95 per share, with a total value of $779,242.50. Following the completion of the purchase, the director owned 623,033 shares of the company’s stock, valued at $1,837,947.35. The trade was a 73.60% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 387,264 shares of company stock valued at $1,135,297 in the last three months. Insiders own 40.39% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AIRJ. Vanguard Group Inc. increased its position in AirJoule Technologies by 6.8% in the third quarter. Vanguard Group Inc. now owns 1,162,542 shares of the company’s stock worth $5,452,000 after purchasing an additional 73,661 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of AirJoule Technologies by 111.1% in the 2nd quarter. Geode Capital Management LLC now owns 517,203 shares of the company’s stock worth $2,395,000 after buying an additional 272,253 shares in the last quarter. UBS Group AG increased its holdings in shares of AirJoule Technologies by 5.6% in the 3rd quarter. UBS Group AG now owns 138,678 shares of the company’s stock worth $650,000 after buying an additional 7,374 shares during the last quarter. Creative Planning purchased a new stake in shares of AirJoule Technologies during the 2nd quarter valued at about $441,000. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of AirJoule Technologies by 46.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 85,150 shares of the company’s stock valued at $393,000 after acquiring an additional 26,995 shares during the last quarter. 63.65% of the stock is currently owned by institutional investors.

AirJoule Technologies Price Performance

NASDAQ:AIRJ opened at $3.96 on Tuesday. AirJoule Technologies has a one year low of $2.61 and a one year high of $10.01. The business has a fifty day moving average price of $4.19 and a 200-day moving average price of $4.52. The firm has a market capitalization of $240.29 million, a price-to-earnings ratio of -26.40 and a beta of 0.49.

AirJoule Technologies (NASDAQ:AIRJ – Get Free Report) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.03. On average, equities research analysts expect that AirJoule Technologies will post 4.97 earnings per share for the current fiscal year.

About AirJoule Technologies

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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.

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