374Water (NASDAQ:SCWO) Given “Sell (E+)” Rating at Weiss Ratings

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

374Water Stock Down 3.7 %

Shares of SCWO stock traded down $0.02 on Friday, reaching $0.59. The company’s stock had a trading volume of 326,218 shares, compared to its average volume of 278,398. The company has a market capitalization of $78.57 million, a P/E ratio of -7.38 and a beta of -0.43. 374Water has a 12-month low of $0.54 and a 12-month high of $1.99. The stock’s 50 day simple moving average is $0.87 and its 200-day simple moving average is $1.17.

Insider Activity

In other 374Water news, major shareholder Yaacov Nagar sold 37,832 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $1.41, for a total transaction of $53,343.12. Following the sale, the insider now owns 37,499,420 shares in the company, valued at $52,874,182.20. This trade represents a 0.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Chris M. Gannon acquired 120,000 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was purchased at an average price of $1.25 per share, with a total value of $150,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 120,000 shares in the company, valued at approximately $150,000. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 172,800 shares of company stock worth $216,000 and sold 266,685 shares worth $300,471. Corporate insiders own 54.32% of the company’s stock.

Hedge Funds Weigh In On 374Water

Large investors have recently modified their holdings of the company. Geode Capital Management LLC raised its stake in shares of 374Water by 11.3% during the third quarter. Geode Capital Management LLC now owns 1,556,928 shares of the company’s stock worth $2,118,000 after acquiring an additional 158,482 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of 374Water by 20.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 498,529 shares of the company’s stock valued at $678,000 after purchasing an additional 83,198 shares during the last quarter. Barclays PLC raised its position in 374Water by 299.1% in the 3rd quarter. Barclays PLC now owns 94,506 shares of the company’s stock worth $128,000 after purchasing an additional 70,828 shares during the period. SG Americas Securities LLC bought a new stake in 374Water in the third quarter worth $30,000. Finally, Virtu Financial LLC purchased a new stake in 374Water during the third quarter valued at about $30,000. 12.16% of the stock is owned by hedge funds and other institutional investors.

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.