Analysts Set AirJoule Technologies Corporation (NASDAQ:AIRJ) Price Target at $8.25

Shares of AirJoule Technologies Corporation (NASDAQ:AIRJ) have received a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $8.25.

A number of brokerages recently commented on AIRJ. B. Riley Financial began coverage on AirJoule Technologies in a research note on Thursday, April 30th. They issued a “buy” rating and a $6.00 target price for the company. Weiss Ratings raised shares of AirJoule Technologies from a “sell (e+)” rating to a “sell (d)” rating in a report on Monday, May 18th. HC Wainwright reissued a “buy” rating and issued a $12.00 price target on shares of AirJoule Technologies in a report on Monday, May 18th. Finally, Seaport Research Partners started coverage on shares of AirJoule Technologies in a research note on Friday, May 8th. They issued a “buy” rating and a $7.00 price objective for the company.

AirJoule Technologies Price Performance

AIRJ stock opened at $4.17 on Wednesday. AirJoule Technologies has a 52-week low of $2.22 and a 52-week high of $6.75. The company has a 50-day moving average of $4.50 and a two-hundred day moving average of $3.72. The stock has a market capitalization of $301.91 million, a price-to-earnings ratio of -3.66 and a beta of 0.83.

AirJoule Technologies (NASDAQ:AIRJ) last issued 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). Equities analysts expect that AirJoule Technologies will post -0.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new position in AirJoule Technologies during the second quarter worth about $31,000. Group One Trading LLC bought a new stake in shares of AirJoule Technologies in the 2nd quarter valued at approximately $42,000. Fagan Associates Inc. acquired a new position in shares of AirJoule Technologies in the 4th quarter worth approximately $46,000. Abel Hall LLC acquired a new position in shares of AirJoule Technologies in the 4th quarter worth approximately $46,000. Finally, Invesco Ltd. acquired a new position in shares of AirJoule Technologies in the 2nd quarter worth approximately $50,000. Institutional investors and hedge funds own 63.65% of the company’s stock.

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.