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

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 reaffirmed by equities research analysts at Weiss Ratings in a report issued on Saturday,Weiss Ratings reports.

374Water Trading Down 13.2%

SCWO stock opened at $0.35 on Friday. The stock has a 50-day moving average price of $0.27 and a two-hundred day moving average price of $0.31. 374Water has a 1 year low of $0.16 and a 1 year high of $1.95. The stock has a market cap of $52.86 million, a PE ratio of -3.18 and a beta of -0.30.

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

Insider Buying and Selling at 374Water

In other news, major shareholder Yaacov Nagar sold 122,439 shares of 374Water stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $0.39, for a total value of $47,751.21. Following the sale, the insider directly owned 35,813,175 shares in the company, valued at $13,967,138.25. This trade represents a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have sold 480,562 shares of company stock worth $195,232. 20.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new position in 374Water during the second quarter valued at approximately $28,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of 374Water in the 2nd quarter valued at approximately $35,000. Nuveen LLC acquired a new stake in shares of 374Water in the 1st quarter valued at approximately $37,000. Patron Partners LLC grew its stake in shares of 374Water by 62.5% in the first 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 in the last quarter. Finally, Wealthedge Investment Advisors LLC acquired a new position in 374Water during the fourth quarter worth $55,000. Institutional investors own 12.16% of the company's stock.

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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