374Water (NASDAQ:SCWO - Get Free Report)'s stock had its "sell (e+)" rating reiterated by investment analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.
374Water Trading Up 28.2%
Shares of SCWO traded up $0.10 on Wednesday, reaching $0.47. The company's stock had a trading volume of 36,811,970 shares, compared to its average volume of 1,217,987. 374Water has a twelve month low of $0.16 and a twelve month high of $1.95. The firm has a fifty day moving average of $0.30 and a 200-day moving average of $0.31. The stock has a market capitalization of $70.68 million, a PE ratio of -4.24 and a beta of -0.40.
374Water (NASDAQ:SCWO - Get Free Report) last issued its quarterly earnings data 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). 374Water had a negative return on equity of 138.71% and a negative net margin of 1,278.90%.The firm had revenue of $0.60 million during the quarter, compared to the consensus estimate of $5.20 million.
Insider Transactions at 374Water
In other 374Water news, major shareholder Yaacov Nagar sold 122,439 shares of the 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 represents a 0.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 200,000 shares of company stock valued at $78,549. Corporate insiders own 20.30% of the company's stock.
Institutional Trading of 374Water
A number of hedge funds have recently made changes to their positions in the stock. D.A. Davidson & CO. boosted its position in 374Water by 29.1% during the second quarter. D.A. Davidson & CO. now owns 736,545 shares of the company's stock valued at $239,000 after buying an additional 166,080 shares during the period. Sentinel Trust Co. LBA lifted its stake in shares of 374Water by 30.8% in the first quarter. Sentinel Trust Co. LBA now owns 401,300 shares of the company's stock worth $136,000 after buying an additional 94,500 shares in the last quarter. Wealthedge Investment Advisors LLC lifted its stake in shares of 374Water by 376.2% in the first quarter. Wealthedge Investment Advisors LLC now owns 385,610 shares of the company's stock worth $131,000 after buying an additional 304,635 shares in the last quarter. CW Advisors LLC purchased a new position in shares of 374Water during the second quarter valued at approximately $117,000. Finally, Qube Research & Technologies Ltd purchased a new position in shares of 374Water during the second quarter valued at approximately $93,000. 12.16% of the stock is owned by institutional investors.
About 374Water
(
Get Free Report)
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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