Key Points
- Director Stuart Porter purchased 31,695 shares at an average price of $2.77 (total $87,795), boosting his stake by 11.3% to 312,083 shares; the trade was disclosed in an SEC filing.
- The stock traded at $3.44 on the day with heavy volume (453,702 vs. average 153,653) and is trading below its 50‑ and 200‑day moving averages (~$4.46/$4.55); market consensus is a Hold with a $11.50 target while Weiss Ratings has a "sell" call.
- Institutional investors own about 63.65% of the company (notable increases from Geode and Vanguard), and AirJoule reported a recent quarterly EPS of -$0.07, beating estimates of -$0.10.
AirJoule Technologies Corporation (NASDAQ:AIRJ - Get Free Report) CEO Matthew Jore bought 5,200 shares of the stock in a transaction on Tuesday, December 9th. The stock was purchased at an average price of $2.84 per share, with a total value of $14,768.00. Following the completion of the acquisition, the chief executive officer directly owned 7,708,652 shares in the company, valued at approximately $21,892,571.68. This trade represents a 0.07% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
AirJoule Technologies Trading Up 16.2%
Shares of AirJoule Technologies stock traded up $0.48 during trading on Thursday, hitting $3.42. 465,880 shares of the stock traded hands, compared to its average volume of 153,653. The stock's fifty day simple moving average is $4.46 and its 200 day simple moving average is $4.55. The firm has a market cap of $207.22 million, a P/E ratio of -22.87 and a beta of 0.48. AirJoule Technologies Corporation has a 52-week low of $2.61 and a 52-week high of $11.60.
AirJoule Technologies (NASDAQ:AIRJ - Get Free Report) last issued its earnings results on Thursday, November 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.03. As a group, equities analysts expect that AirJoule Technologies Corporation will post 4.97 EPS for the current year.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of AirJoule Technologies in a report on Monday. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $11.50.
Read Our Latest Research Report on AIRJ
Institutional Trading of AirJoule Technologies
A number of institutional investors have recently made changes to their positions in the business. Police & Firemen s Retirement System of New Jersey purchased a new position in AirJoule Technologies during the 2nd quarter worth $29,000. Nisa Investment Advisors LLC acquired a new stake in AirJoule Technologies in the second quarter worth about $29,000. Raymond James Financial Inc. purchased a new stake in shares of AirJoule Technologies during the second quarter worth about $31,000. Group One Trading LLC acquired a new position in shares of AirJoule Technologies during the second quarter valued at about $42,000. Finally, Corton Capital Inc. acquired a new position in shares of AirJoule Technologies during the second quarter valued at about $48,000. Institutional investors and hedge funds own 63.65% of the company's stock.
AirJoule Technologies Company Profile
(
Get Free Report)
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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