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

Key Points

• Weiss Ratings has reaffirmed a "Sell (E+)" rating for 374Water (NASDAQ: SCWO), indicating ongoing concerns regarding the company's stock performance.
• 374Water's stock has seen a significant decline, trading down 13.2% recently, with current trading at $0.35.
• The company reported a negative net margin of 1,278.90% and missed earnings expectations in its latest quarterly report.

374Water (NASDAQ:SCWO - Get Free Report)'s stock had its "sell (e+)" rating reissued by equities research analysts at Weiss Ratings in a note issued to investors on Saturday, September 13th,Weiss Ratings reports.

374Water Stock Performance

NASDAQ:SCWO traded down $0.04 on Friday, hitting $0.31. 2,046,074 shares of the stock were exchanged, compared to its average volume of 1,126,928. The stock has a market capitalization of $46.38 million, a price-to-earnings ratio of -2.79 and a beta of -0.30. 374Water has a 52 week low of $0.16 and a 52 week high of $1.95. The company's 50-day moving average price is $0.28 and its 200 day moving average price is $0.31.

374Water (NASDAQ:SCWO - Get Free Report) last posted its earnings results on Tuesday, August 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The company had revenue of $0.60 million for 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 Activity

In related news, major shareholder Yaacov Nagar sold 122,439 shares of the business's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $0.39, for a total value of $47,751.21. Following the completion of the transaction, the insider directly owned 35,813,175 shares in the company, valued at approximately $13,967,138.25. The trade was a 0.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders sold 422,912 shares of company stock valued at $172,172. 20.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On 374Water

Several institutional investors have recently bought and sold shares of the company. Captrust Financial Advisors raised its stake in shares of 374Water by 4.4% during the 4th quarter. Captrust Financial Advisors now owns 670,888 shares of the company's stock worth $458,000 after purchasing an additional 28,461 shares in the last quarter. Northern Trust Corp increased its position in 374Water by 6.7% during the 4th quarter. Northern Trust Corp now owns 516,867 shares of the company's stock worth $353,000 after buying an additional 32,285 shares during the period. Patron Partners LLC increased its position 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 buying an additional 50,000 shares during the period. Wealthedge Investment Advisors LLC bought a new position in 374Water during the 4th quarter worth $55,000. Finally, Jane Street Group LLC bought a new position in 374Water during the 2nd quarter worth $28,000. Institutional investors 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.