AirJoule Technologies Corporation (NASDAQ:AIRJ) Receives Consensus Rating of “Moderate Buy” from Brokerages

AirJoule Technologies Corporation (NASDAQ:AIRJ) has received an average recommendation of “Moderate Buy” from the five brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $9.50.

A number of equities analysts have weighed in on AIRJ shares. Weiss Ratings reissued a “sell (e+)” rating on shares of AirJoule Technologies in a research report on Monday, December 29th. 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. Lucid Cap Mkts upgraded shares of AirJoule Technologies to a “strong-buy” rating in a research report on Monday, December 22nd. Finally, UBS Group set a $7.00 target price on shares of AirJoule Technologies in a research report on Monday, December 22nd.

Insider Buying and Selling

In other news, Chairman Patrick C. Eilers acquired 76,923 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The stock was bought at an average price of $3.25 per share, with a total value of $249,999.75. Following the completion of the acquisition, the chairman directly owned 1,860,518 shares of the company’s stock, valued at approximately $6,046,683.50. The trade was a 4.31% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stuart D. Porter bought 153,846 shares of the stock in a transaction on Thursday, January 15th. The stock was purchased at an average cost of $3.25 per share, for a total transaction of $499,999.50. Following the acquisition, the director owned 776,879 shares of the company’s stock, valued at $2,524,856.75. This trade represents a 24.69% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought 625,725 shares of company stock valued at $1,910,296 over the last 90 days. Company insiders own 40.39% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its position in shares of AirJoule Technologies by 16.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 24,113 shares of the company’s stock valued at $95,000 after buying an additional 3,323 shares in the last quarter. Group One Trading LLC raised its stake in AirJoule Technologies by 45.6% during the 3rd quarter. Group One Trading LLC now owns 13,100 shares of the company’s stock worth $61,000 after acquiring an additional 4,100 shares during the period. Police & Firemen s Retirement System of New Jersey purchased a new position in AirJoule Technologies during the second quarter valued at approximately $29,000. Nisa Investment Advisors LLC bought a new position in shares of AirJoule Technologies in the second quarter worth approximately $29,000. Finally, Raymond James Financial Inc. bought a new position in shares of AirJoule Technologies in the second quarter worth approximately $31,000. Institutional investors own 63.65% of the company’s stock.

AirJoule Technologies Trading Up 4.4%

Shares of AIRJ opened at $3.32 on Wednesday. The company has a market cap of $201.46 million, a price-to-earnings ratio of -22.13 and a beta of 0.45. The business’s fifty day simple moving average is $3.54 and its two-hundred day simple moving average is $4.27. AirJoule Technologies has a 12 month low of $2.61 and a 12 month high of $9.06.

AirJoule Technologies (NASDAQ:AIRJ) last posted its quarterly earnings results on Thursday, November 13th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.03. As a group, research analysts forecast that AirJoule Technologies will post 4.97 EPS for the current year.

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.