AirJoule Technologies (NASDAQ:AIRJ) Stock Price Down 3.8% – Here’s What Happened

Shares of AirJoule Technologies Corporation (NASDAQ:AIRJ) were down 3.8% during trading on Tuesday . The stock traded as low as $4.36 and last traded at $4.36. Approximately 1,240,360 shares changed hands during mid-day trading, an increase of 20% from the average session volume of 1,033,680 shares. The stock had previously closed at $4.53.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. HC Wainwright reissued a “buy” rating and set a $12.00 price target on shares of AirJoule Technologies in a research note on Monday, May 18th. Seaport Research Partners began coverage on AirJoule Technologies in a research report on Friday, May 8th. They issued a “buy” rating and a $7.00 price objective for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of AirJoule Technologies in a research note on Thursday, August 13th. B. Riley Financial increased their target price on AirJoule Technologies from $6.00 to $8.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. Finally, UBS Group set a $10.00 price target on AirJoule Technologies in a research note on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, AirJoule Technologies presently has an average rating of “Moderate Buy” and an average target price of $9.50.

AirJoule Technologies Stock Down 3.8%

The company has a market cap of $319.81 million, a PE ratio of -3.35 and a beta of 0.86. The stock’s 50 day simple moving average is $4.86 and its two-hundred day simple moving average is $4.03.

AirJoule Technologies (NASDAQ:AIRJ) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.04). Analysts forecast that AirJoule Technologies Corporation will post -0.09 EPS 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 AIRJ. Raymond James Financial Inc. acquired a new position in shares of AirJoule Technologies in the 2nd quarter valued at about $31,000. Group One Trading LLC acquired a new position in AirJoule Technologies during the second quarter valued at approximately $42,000. Abel Hall LLC purchased a new stake in AirJoule Technologies during the fourth quarter worth approximately $46,000. Invesco Ltd. purchased a new stake in AirJoule Technologies during the second quarter worth approximately $50,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of AirJoule Technologies in the second quarter worth $54,000. 63.65% of the stock is currently owned by institutional investors and hedge funds.

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.