374Water Inc. (NASDAQ:SCWO) Director Stephen J. Jones Purchases 40,000 Shares

374Water Inc. (NASDAQ:SCWO - Get Free Report) Director Stephen J. Jones acquired 40,000 shares of the stock in a transaction on Thursday, May 22nd. The shares were bought at an average cost of $0.32 per share, for a total transaction of $12,800.00. Following the purchase, the director now directly owns 89,593 shares of the company's stock, valued at $28,669.76. The trade was a 80.66% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

374Water Stock Performance

Shares of 374Water stock traded down $0.07 during trading hours on Friday, hitting $0.41. The company's stock had a trading volume of 843,213 shares, compared to its average volume of 458,511. 374Water Inc. has a twelve month low of $0.25 and a twelve month high of $1.99. The firm has a fifty day moving average of $0.31 and a 200-day moving average of $0.51. The stock has a market cap of $58.71 million, a price-to-earnings ratio of -5.07 and a beta of -0.18.

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 analyst estimates of $0.10 million.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On 374Water

Large investors have recently modified their holdings of the business. Avalon Trust Co raised its holdings in shares of 374Water by 1,333.3% in the 4th quarter. Avalon Trust Co now owns 43,000 shares of the company's stock valued at $29,000 after buying an additional 40,000 shares during the period. SG Americas Securities LLC raised its holdings in shares of 374Water by 109.2% in the 4th quarter. SG Americas Securities LLC now owns 46,782 shares of the company's stock valued at $32,000 after buying an additional 24,418 shares during the period. Patron Partners LLC purchased a new stake in shares of 374Water in the 4th quarter valued at $55,000. Wealthedge Investment Advisors LLC purchased a new stake in shares of 374Water in the 4th quarter valued at $55,000. Finally, Nuveen LLC purchased a new stake in shares of 374Water in the 1st quarter valued at $37,000. Institutional investors and hedge funds own 12.16% of the company's stock.

374Water Company Profile

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.