374Water (NASDAQ:SCWO) Stock Rating Upgraded by Wall Street Zen

Key Points

• 374Water's stock rating has been upgraded to a "sell" by Wall Street Zen, which coincides with Weiss Ratings reaffirming a similar rating.
• The company's stock performance has been underwhelming, with shares opening at $0.42 and a recent earnings report showing a significant revenue miss.
• Insider trading activity included major shareholder Yaacov Nagar selling 1,499,000 shares at an average price of $0.46, reducing their ownership stake by 4.19%.

374Water (NASDAQ:SCWO - Get Free Report) was upgraded by equities research analysts at Wall Street Zen to a "sell" rating in a report issued on Saturday.

Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of 374Water in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, 374Water currently has a consensus rating of "Sell".

374Water Stock Performance

Shares of SCWO opened at $0.42 on Friday. The stock has a 50-day simple moving average of $0.35 and a 200-day simple moving average of $0.32. The stock has a market capitalization of $63.08 million, a PE ratio of -3.80 and a beta of -0.40. 374Water has a 1 year low of $0.16 and a 1 year high of $1.95.

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

Insider Activity at 374Water

In related news, major shareholder Yaacov Nagar sold 1,499,000 shares of the business's stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $0.46, for a total transaction of $689,540.00. Following the transaction, the insider directly owned 34,258,325 shares in the company, valued at $15,758,829.50. The trade was a 4.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 2,763,868 shares of company stock valued at $1,321,690 in the last 90 days. Insiders own 20.30% of the company's stock.

Institutional Investors Weigh In On 374Water

Several large investors have recently modified their holdings of the stock. Jane Street Group LLC bought a new stake in shares of 374Water in the 2nd quarter valued at approximately $28,000. Qube Research & Technologies Ltd bought a new stake in shares of 374Water in the 2nd quarter valued at approximately $93,000. Marshall Wace LLP bought a new stake in shares of 374Water in the 2nd quarter valued at approximately $57,000. CW Advisors LLC bought a new stake in shares of 374Water in the 2nd quarter valued at approximately $117,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of 374Water in the 2nd quarter valued at approximately $35,000. 12.16% of the stock is currently owned by institutional investors.

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.

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