374Water Inc. (NASDAQ:SCWO) Director Acquires $18,800.00 in Stock

374Water Inc. (NASDAQ:SCWO - Get Free Report) Director Stephen J. Jones acquired 40,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were bought at an average price of $0.47 per share, with a total value of $18,800.00. Following the acquisition, the director now directly owns 179,593 shares in the company, valued at $84,408.71. This represents a 28.65% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

374Water Stock Performance

SCWO traded down $0.01 during trading on Friday, hitting $0.39. 259,627 shares of the stock were exchanged, compared to its average volume of 871,364. The firm has a 50 day simple moving average of $0.32 and a 200 day simple moving average of $0.50. The firm has a market cap of $56.43 million, a price-to-earnings ratio of -4.88 and a beta of -0.13. 374Water Inc. has a 1 year low of $0.25 and a 1 year high of $1.99.

374Water (NASDAQ:SCWO - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The firm had revenue of $0.54 million during the quarter, compared to analysts' expectations of $0.10 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of 374Water in a research report on Saturday, May 24th.

Institutional Investors Weigh In On 374Water

Large investors have recently modified their holdings of the business. Avalon Trust Co boosted its stake in shares of 374Water by 1,333.3% during the fourth quarter. Avalon Trust Co now owns 43,000 shares of the company's stock valued at $29,000 after purchasing an additional 40,000 shares in the last quarter. SG Americas Securities LLC lifted its holdings in 374Water by 109.2% during the fourth quarter. SG Americas Securities LLC now owns 46,782 shares of the company's stock worth $32,000 after buying an additional 24,418 shares during the period. Nuveen LLC purchased a new position in 374Water in the first quarter valued at about $37,000. Patron Partners LLC increased its position in 374Water by 62.5% during the 1st quarter. Patron Partners LLC now owns 130,000 shares of the company's stock valued at $44,000 after buying an additional 50,000 shares in the last quarter. Finally, Wealthedge Investment Advisors LLC acquired a new stake in shares of 374Water during the fourth quarter worth $55,000. Institutional investors own 12.16% of the company's stock.

About 374Water

374Water Inc provides a technology that transforms wet wastes into recoverable resources in the United States. The company transforms wet wastes, including sewage sludge, biosolids, food waste, hazardous and non-hazardous waste, and forever chemicals. It offers AirSCWO systems, a waste stream treatment system based on supercritical water oxidation that are used to treat various hazardous and non-hazardous waste streams.