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

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

374Water Stock Down 5.4 %

Shares of 374Water stock opened at $0.49 on Friday. The firm has a market cap of $64.93 million, a price-to-earnings ratio of -6.10 and a beta of -0.42. The business has a fifty day simple moving average of $0.74 and a 200-day simple moving average of $1.12. 374Water has a fifty-two week low of $0.47 and a fifty-two week high of $1.99.

Insider Transactions 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 bought at an average cost of $1.25 per share, with a total value of $40,000.00. Following the completion of the transaction, the director now directly owns 22,652,451 shares of the company’s stock, valued at approximately $28,315,563.75. This trade represents a 0.14 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Yaacov Nagar sold 30,662 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $1.54, for a total value of $47,219.48. Following the sale, the insider now directly owns 37,163,258 shares in the company, 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. Over the last three months, insiders have purchased 172,800 shares of company stock valued at $216,000 and have sold 204,806 shares valued at $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 business. Virtu Financial LLC acquired a new position in 374Water during the third quarter valued at $30,000. SG Americas Securities LLC acquired a new position in 374Water during the third quarter valued at $30,000. Patron Partners LLC acquired a new position in 374Water during the fourth quarter valued at $55,000. Barclays PLC raised its position in 374Water by 299.1% during the third quarter. Barclays PLC now owns 94,506 shares of the company’s stock valued at $128,000 after buying an additional 70,828 shares during the period. Finally, Compass Ion Advisors LLC raised its position in 374Water by 26.4% during the third quarter. Compass Ion Advisors LLC now owns 101,647 shares of the company’s stock valued at $138,000 after buying an additional 21,212 shares during the period. 12.16% of the stock is owned by institutional investors and hedge funds.

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.