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

Weiss Ratings restated their sell (e+) rating on shares of 374Water (NASDAQ:SCWO) in a research note released on Thursday morning,Weiss Ratings reports.

374Water Trading Up 2.0%

NASDAQ SCWO opened at $0.25 on Thursday. The company has a market cap of $37.76 million, a PE ratio of -2.27 and a beta of -0.29. 374Water has a 12 month low of $0.16 and a 12 month high of $1.99. The stock has a 50 day moving average of $0.28 and a 200-day moving average of $0.32.

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

Insider Activity at 374Water

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

Institutional Investors Weigh In On 374Water

Large investors have recently made changes to their positions in the stock. D.A. Davidson & CO. boosted its holdings in shares of 374Water by 21.6% in the 1st quarter. D.A. Davidson & CO. now owns 570,465 shares of the company’s stock valued at $194,000 after buying an additional 101,285 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in 374Water during the 4th quarter valued at $255,000. JPMorgan Chase & Co. lifted its holdings in 374Water by 109.8% during the 4th quarter. JPMorgan Chase & Co. now owns 261,333 shares of the company’s stock valued at $178,000 after purchasing an additional 136,753 shares during the last quarter. Sigma Planning Corp lifted its holdings in 374Water by 47.1% during the 1st quarter. Sigma Planning Corp now owns 270,693 shares of the company’s stock valued at $92,000 after purchasing an additional 86,733 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in 374Water by 6.7% during the 4th 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 last quarter. 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.