374Water’s (SCWO) Sell (E+) Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their sell (e+) rating on shares of 374Water (NASDAQ:SCWO) in a report published on Friday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded 374Water to a “sell” rating in a research report on Saturday, October 18th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

374Water Price Performance

NASDAQ SCWO opened at $0.46 on Friday. The firm has a market cap of $68.93 million, a PE ratio of -4.15 and a beta of -0.40. 374Water has a one year low of $0.16 and a one year high of $1.93. The stock’s 50 day simple moving average is $0.37 and its 200 day simple moving average is $0.32.

374Water (NASDAQ:SCWO) last released 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 business had revenue of $0.60 million for the quarter, compared to the consensus estimate of $5.20 million. 374Water had a negative return on equity of 138.71% and a negative net margin of 1,278.90%.

Insider Buying and Selling

In other news, major shareholder Yaacov Nagar sold 1,499,000 shares of the stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $0.46, for a total value of $689,540.00. Following the transaction, the insider owned 34,258,325 shares of the company’s stock, valued at $15,758,829.50. This represents a 4.19% 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 sold 3,845,693 shares of company stock valued at $1,788,476. 20.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. D.A. Davidson & CO. lifted its stake in shares of 374Water by 37.5% in the 3rd quarter. D.A. Davidson & CO. now owns 1,012,894 shares of the company’s stock valued at $291,000 after purchasing an additional 276,349 shares during the period. TFO Wealth Partners LLC acquired a new position in shares of 374Water in the 3rd quarter valued at $34,000. Jane Street Group LLC acquired a new position in shares of 374Water in the 2nd quarter valued at $28,000. Qube Research & Technologies Ltd acquired a new position in shares of 374Water in the 2nd quarter valued at $93,000. Finally, Marshall Wace LLP acquired a new position in shares of 374Water in the 2nd quarter valued at $57,000. Institutional investors and hedge funds 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.