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

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

374Water Stock Down 3.1 %

Shares of SCWO stock opened at $0.35 on Wednesday. The business has a 50-day moving average price of $0.58 and a two-hundred day moving average price of $1.05. 374Water has a 12-month low of $0.30 and a 12-month high of $1.99. The firm has a market cap of $46.78 million, a P/E ratio of -4.39 and a beta of -0.42.

Insiders Place Their Bets

In other news, major shareholder Yaacov Nagar sold 61,268 shares of 374Water stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $0.63, for a total value of $38,598.84. Following the transaction, the insider now owns 36,989,484 shares in the company, valued at approximately $23,303,374.92. The trade was a 0.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 521,226 shares of company stock valued at $269,744 over the last 90 days. Insiders own 54.32% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Sigma Planning Corp increased its holdings in shares of 374Water by 7.1% in the third quarter. Sigma Planning Corp now owns 135,193 shares of the company’s stock worth $184,000 after buying an additional 9,000 shares during the period. Icon Wealth Advisors LLC increased its holdings in shares of 374Water by 1.7% in the third quarter. Icon Wealth Advisors LLC now owns 1,166,612 shares of the company’s stock worth $1,587,000 after buying an additional 20,000 shares during the period. Virtu Financial LLC purchased a new position in shares of 374Water in the third quarter worth about $30,000. SG Americas Securities LLC purchased a new position in shares of 374Water in the third quarter worth about $30,000. Finally, Captrust Financial Advisors increased its holdings in 374Water by 4.4% during the 4th quarter. Captrust Financial Advisors now owns 670,888 shares of the company’s stock valued at $458,000 after purchasing an additional 28,461 shares during the period. Hedge funds and other institutional investors 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.