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

374Water (NASDAQ:SCWO - Get Free Report)'s stock had its "sell (e+)" rating reiterated by research analysts at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

374Water Trading Down 15.2%

SCWO stock opened at $0.34 on Friday. The firm has a market cap of $49.74 million, a P/E ratio of -3.44 and a beta of -0.13. 374Water has a 12-month low of $0.25 and a 12-month high of $1.99. The stock's 50 day simple moving average is $0.35 and its 200 day simple moving average is $0.43.

374Water (NASDAQ:SCWO - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The firm had revenue of $0.54 million for the quarter, compared to analyst estimates of $0.10 million. 374Water had a negative net margin of 2,093.18% and a negative return on equity of 119.57%.

Insider Buying and Selling

In other 374Water news, major shareholder Yaacov Nagar sold 59,946 shares of the business's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $0.42, for a total transaction of $25,177.32. Following the completion of the transaction, the insider now directly owns 36,085,100 shares of the company's stock, valued at $15,155,742. The trade was a 0.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders purchased 129,593 shares of company stock worth $46,478 and sold 202,189 shares worth $82,798. 20.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On 374Water

Several large investors have recently made changes to their positions in SCWO. Highbridge Capital Management LLC acquired a new position in shares of 374Water during the fourth quarter worth approximately $765,000. Raymond James Financial Inc. bought a new stake in 374Water during the 4th quarter valued at $255,000. Wealthedge Investment Advisors LLC raised its stake in 374Water by 376.2% during the 1st quarter. Wealthedge Investment Advisors LLC now owns 385,610 shares of the company's stock valued at $131,000 after acquiring an additional 304,635 shares in the last quarter. JPMorgan Chase & Co. boosted its position in 374Water by 109.8% during the 4th quarter. JPMorgan Chase & Co. now owns 261,333 shares of the company's stock worth $178,000 after acquiring an additional 136,753 shares during the period. Finally, Nuveen LLC bought a new position in shares of 374Water in the first quarter worth $37,000. Institutional investors and hedge funds 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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