374Water (NASDAQ:SCWO - Get Free Report)'s stock had its "sell (e+)" rating reiterated by equities researchers at Weiss Ratings in a research report issued on Saturday,Weiss Ratings reports.
374Water Stock Performance
374Water stock traded down $0.01 during mid-day trading on Friday, hitting $0.36. 2,144,487 shares of the company were exchanged, compared to its average volume of 1,010,283. The business's 50 day simple moving average is $0.25 and its two-hundred day simple moving average is $0.31. 374Water has a 12-month low of $0.16 and a 12-month high of $1.99.
374Water (NASDAQ:SCWO - Get Free Report) last released its quarterly earnings results on Tuesday, August 12th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). 374Water had a negative return on equity of 138.71% and a negative net margin of 1,278.90%.The company had revenue of $0.60 million for the quarter, compared to analysts' expectations of $5.20 million.
Insider Activity
In other news, major shareholder Yaacov Nagar sold 103,379 shares of the firm's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $0.42, for a total transaction of $43,419.18. Following the sale, the insider owned 35,981,721 shares in the company, valued at $15,112,322.82. This trade represents a 0.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 328,964 shares of company stock worth $136,044 in the last 90 days. 20.30% of the stock is owned by company insiders.
Institutional Investors Weigh In On 374Water
Several hedge funds have recently made changes to their positions in the business. Jane Street Group LLC acquired a new stake in shares of 374Water during the second quarter worth $28,000. Qube Research & Technologies Ltd acquired a new position in 374Water in the second quarter valued at $93,000. Marshall Wace LLP acquired a new position in 374Water in the second quarter valued at $57,000. CW Advisors LLC acquired a new position in 374Water in the second quarter valued at $117,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in 374Water in the second quarter valued at $35,000. Institutional investors and hedge funds own 12.16% of the company's stock.
About 374Water
(
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.
Further Reading
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