374Water Inc. (NASDAQ:SCWO – Get Free Report) COO Brad Ian Meyers sold 9,831 shares of 374Water stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $2.33, for a total transaction of $22,906.23. Following the sale, the chief operating officer directly owned 30,169 shares of the company’s stock, valued at $70,293.77. The trade was a 24.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Brad Ian Meyers also recently made the following trade(s):
- On Thursday, June 11th, Brad Ian Meyers sold 9,000 shares of 374Water stock. The stock was sold at an average price of $2.46, for a total transaction of $22,140.00.
374Water Stock Performance
Shares of SCWO stock opened at $2.18 on Thursday. The company has a market capitalization of $38.15 million, a price-to-earnings ratio of -2.53 and a beta of -0.28. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.93 and a current ratio of 1.42. The company has a 50-day simple moving average of $2.60 and a 200 day simple moving average of $2.66. 374Water Inc. has a 52 week low of $1.63 and a 52 week high of $10.90.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 374Water in a report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, 374Water currently has an average rating of “Sell”.
View Our Latest Stock Report on SCWO
Institutional Investors Weigh In On 374Water
Several institutional investors have recently made changes to their positions in SCWO. CW Advisors LLC acquired a new stake in 374Water during the second quarter worth approximately $117,000. Marshall Wace LLP acquired a new position in 374Water in the 2nd quarter valued at $57,000. Qube Research & Technologies Ltd bought a new stake in shares of 374Water during the 2nd quarter valued at $93,000. Jane Street Group LLC bought a new stake in shares of 374Water during the 2nd quarter valued at $28,000. Finally, Two Sigma Investments LP acquired a new stake in shares of 374Water during the 3rd quarter worth $41,000. 12.16% of the stock is currently owned by institutional investors.
About 374Water
374Water, Inc (NASDAQ: SCWO) develops and commercializes advanced water treatment technologies based on supercritical water oxidation (SCWO). The company’s flagship offering utilizes high-temperature and high-pressure conditions to oxidize organic contaminants in industrial and agricultural wastewater, converting harmful substances into benign end products such as clean water, carbon dioxide, and salts. This proprietary process is capable of destroying a wide range of pollutants, including hydrocarbons, PFAS, and biological sludges, without the need for harmful chemicals or lengthy residence times.
In addition to manufacturing modular SCWO reactors, 374Water provides end-to-end solutions encompassing system design, engineering, installation, pilot testing, commissioning, and ongoing maintenance.
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