374Water (NASDAQ:SCWO) Earns Sell (E+) Rating from Weiss Ratings

Weiss Ratings reissued their sell (e+) rating on shares of 374Water (NASDAQ:SCWO - Free Report) in a research report sent to investors on Friday,Weiss Ratings reports.

374Water Price Performance

NASDAQ:SCWO traded down $0.10 during trading hours on Friday, reaching $0.23. 5,291,122 shares of the company were exchanged, compared to its average volume of 537,582. The firm has a market cap of $32.55 million, a price-to-earnings ratio of -2.25 and a beta of -0.21. The stock has a 50 day simple moving average of $0.35 and a 200 day simple moving average of $0.42. 374Water has a 52-week low of $0.22 and a 52-week high of $1.99.

374Water (NASDAQ:SCWO - Get Free Report) last issued its earnings results 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). 374Water had a negative net margin of 2,093.18% and a negative return on equity of 119.57%. The firm had revenue of $0.54 million during the quarter, compared to analyst estimates of $0.10 million.

Insider Activity

In related news, major shareholder Yaacov Nagar sold 103,379 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $0.42, for a total value of $43,419.18. Following the transaction, the insider owned 35,981,721 shares in the company, valued at approximately $15,112,322.82. This trade represents a 0.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last three months, insiders bought 129,593 shares of company stock worth $46,478 and sold 328,964 shares worth $136,044. Insiders own 20.30% of the company's stock.

Institutional Investors Weigh In On 374Water

Institutional investors have recently bought and sold shares of the business. Captrust Financial Advisors lifted its holdings in shares of 374Water by 4.4% during the 4th quarter. Captrust Financial Advisors now owns 670,888 shares of the company's stock valued at $458,000 after acquiring an additional 28,461 shares in the last quarter. Northern Trust Corp raised its position in 374Water by 6.7% in the fourth quarter. Northern Trust Corp now owns 516,867 shares of the company's stock valued at $353,000 after purchasing an additional 32,285 shares during the period. Avalon Trust Co lifted its stake in shares of 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 in the last quarter. Sigma Planning Corp lifted its stake in shares of 374Water by 36.1% during the fourth quarter. Sigma Planning Corp now owns 183,960 shares of the company's stock worth $126,000 after purchasing an additional 48,767 shares in the last quarter. Finally, Patron Partners LLC boosted its position in shares of 374Water by 62.5% in the first 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. 12.16% of the stock is currently 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.