Weiss Ratings Reaffirms Sell (E+) Rating for 374Water (NASDAQ:SCWO)

Weiss Ratings reiterated their sell (e+) rating on shares of 374Water (NASDAQ:SCWO - Free Report) in a research note issued to investors on Wednesday,Weiss Ratings reports.

374Water Stock Performance

NASDAQ:SCWO traded down $0.05 during midday trading on Wednesday, reaching $0.36. 288,576 shares of the stock traded hands, compared to its average volume of 477,696. 374Water has a 12-month low of $0.25 and a 12-month high of $1.99. The business has a 50-day moving average of $0.33 and a two-hundred day moving average of $0.47. The stock has a market capitalization of $52.11 million, a PE ratio of -4.50 and a beta of -0.13.

374Water (NASDAQ:SCWO - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.01). The firm had revenue of $0.54 million for the quarter, compared to analysts' expectations of $0.10 million.

Hedge Funds Weigh In On 374Water

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