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

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

374Water Price Performance

Shares of SCWO stock opened at $0.49 on Friday. The company’s fifty day moving average price is $0.74 and its two-hundred day moving average price is $1.12. The firm has a market capitalization of $64.93 million, a P/E ratio of -6.10 and a beta of -0.42. 374Water has a 12 month low of $0.47 and a 12 month high of $1.99.

Insider Buying and Selling at 374Water

In related news, Director Marc Deshusses bought 32,000 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were acquired at an average price of $1.25 per share, for a total transaction of $40,000.00. Following the purchase, the director now owns 22,652,451 shares in the company, valued at $28,315,563.75. This trade represents a 0.14 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Yaacov Nagar sold 30,662 shares of 374Water stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $1.54, for a total value of $47,219.48. Following the completion of the transaction, the insider now owns 37,163,258 shares of the company’s stock, valued at $57,231,417.32. This trade represents a 0.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 172,800 shares of company stock worth $216,000 and sold 204,806 shares worth $179,894. 54.32% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Geode Capital Management LLC raised its position in shares of 374Water by 11.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,556,928 shares of the company’s stock valued at $2,118,000 after acquiring an additional 158,482 shares in the last quarter. Icon Wealth Advisors LLC increased its stake in 374Water by 1.7% during the third quarter. Icon Wealth Advisors LLC now owns 1,166,612 shares of the company’s stock valued at $1,587,000 after purchasing an additional 20,000 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of 374Water by 20.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 498,529 shares of the company’s stock worth $678,000 after purchasing an additional 83,198 shares during the period. D.A. Davidson & CO. lifted its position in shares of 374Water by 8.5% in the 4th quarter. D.A. Davidson & CO. now owns 469,180 shares of the company’s stock worth $320,000 after buying an additional 36,645 shares during the last quarter. Finally, Sigma Planning Corp grew its position in shares of 374Water by 36.1% during the 4th quarter. Sigma Planning Corp now owns 183,960 shares of the company’s stock valued at $126,000 after buying an additional 48,767 shares during the last quarter. Institutional investors 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.