374Water (NASDAQ:SCWO) Given Sell (E+) Rating at Weiss Ratings

Key Points

• 374Water's stock received a "sell (e+)" rating from Weiss Ratings, signaling concerns about its performance.
• The company reported a loss of $0.03 EPS in its latest quarterly earnings, falling short of analysts' expectations.
• Insider Yaacov Nagar sold over 103,000 shares of 374Water, indicating potential confidence issues within management regarding the stock's prospects.

374Water (NASDAQ:SCWO - Get Free Report)'s stock had its "sell (e+)" rating restated by research analysts at Weiss Ratings in a research note issued on Saturday,Weiss Ratings reports.

374Water Trading Up 10.3%

NASDAQ SCWO traded up $0.03 during trading hours on Friday, reaching $0.36. 1,110,520 shares of the company's stock were exchanged, compared to its average volume of 940,539. The firm has a fifty day moving average of $0.25 and a 200-day moving average of $0.31. 374Water has a one year low of $0.16 and a one year high of $1.99. The stock has a market cap of $54.99 million, a PE ratio of -3.31 and a beta of -0.30.

374Water (NASDAQ:SCWO - Get Free Report) last posted its quarterly earnings data on Tuesday, August 12th. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.01). The business had revenue of $0.60 million during the quarter, compared to analyst estimates of $5.20 million. 374Water had a negative return on equity of 138.71% and a negative net margin of 1,278.90%.

Insider Buying and Selling

In other 374Water news, major shareholder Yaacov Nagar sold 103,379 shares of the firm's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $0.42, for a total value of $43,419.18. Following the completion of the sale, the insider owned 35,981,721 shares in the company, valued at approximately $15,112,322.82. This trade represents a 0.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 328,964 shares of company stock worth $136,044. 20.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On 374Water

Large investors have recently modified their holdings of the stock. Jane Street Group LLC acquired a new stake in shares of 374Water in the second quarter valued at approximately $28,000. Y Intercept Hong Kong Ltd bought a new position in 374Water in the 2nd quarter valued at $35,000. Nuveen LLC bought a new position in 374Water in the 1st quarter valued at $37,000. Patron Partners LLC increased its stake in shares of 374Water by 62.5% in 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 during the period. Finally, Wealthedge Investment Advisors LLC bought a new stake in shares of 374Water during the fourth quarter worth $55,000. 12.16% of the stock is currently owned by institutional investors and hedge funds.

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.