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 Thursday, May 22nd. The stock was acquired at an average cost of $0.32 per share, with a total value of $12,800.00. Following the completion of the acquisition, the director now directly owns 89,593 shares in the company, valued at approximately $28,669.76. This represents a 80.66% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
374Water Trading Down 13.3%
SCWO traded down $0.06 during trading hours on Friday, hitting $0.41. The company's stock had a trading volume of 420,975 shares, compared to its average volume of 453,679. 374Water Inc. has a fifty-two week low of $0.25 and a fifty-two week high of $1.99. The firm has a market capitalization of $59.18 million, a PE ratio of -5.10 and a beta of -0.18. The company has a 50-day simple moving average of $0.31 and a 200 day simple moving average of $0.52.
374Water (NASDAQ:SCWO - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.01). The business had revenue of $0.54 million during the quarter, compared to analysts' expectations of $0.10 million.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a "sell (e+)" rating on shares of 374Water in a research report on Saturday, May 24th.
Read Our Latest Analysis on 374Water
Hedge Funds Weigh In On 374Water
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SCWO. Avalon Trust Co boosted its stake in shares of 374Water by 1,333.3% during the 4th quarter. Avalon Trust Co now owns 43,000 shares of the company's stock worth $29,000 after acquiring an additional 40,000 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of 374Water by 109.2% during the 4th quarter. SG Americas Securities LLC now owns 46,782 shares of the company's stock worth $32,000 after acquiring an additional 24,418 shares in the last quarter. Nuveen LLC bought a new stake in shares of 374Water during the 1st quarter worth $37,000. Patron Partners LLC boosted its stake in shares of 374Water by 62.5% during the 1st quarter. Patron Partners LLC now owns 130,000 shares of the company's stock worth $44,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Wealthedge Investment Advisors LLC bought a new stake in shares of 374Water during the 4th quarter worth $55,000. 12.16% of the stock is owned by institutional investors.
374Water Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider 374Water, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and 374Water wasn't on the list.
While 374Water currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
