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 report issued on Saturday,Weiss Ratings reports.

374Water Trading Up 8.6 %

Shares of 374Water stock opened at $0.37 on Friday. The stock’s fifty day simple moving average is $0.42 and its 200 day simple moving average is $0.93. The company has a market capitalization of $49.17 million, a PE ratio of -4.62 and a beta of -0.01. 374Water has a 12 month low of $0.30 and a 12 month high of $1.99.

Insider Activity

In other news, major shareholder Yaacov Nagar sold 61,268 shares of the stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $0.63, for a total transaction of $38,598.84. Following the completion of the sale, the insider now owns 36,989,484 shares of the company’s stock, valued at $23,303,374.92. This represents a 0.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 521,226 shares of company stock worth $269,744 in the last 90 days. Corporate insiders own 54.32% of the company’s stock.

Hedge Funds Weigh In On 374Water

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SCWO. Avalon Trust Co raised its stake in shares of 374Water by 1,333.3% in the 4th quarter. Avalon Trust Co now owns 43,000 shares of the company’s stock valued at $29,000 after purchasing an additional 40,000 shares during the period. Virtu Financial LLC bought a new position in shares of 374Water during the third quarter worth about $30,000. SG Americas Securities LLC raised its position in 374Water by 109.2% in the 4th quarter. SG Americas Securities LLC now owns 46,782 shares of the company’s stock valued at $32,000 after buying an additional 24,418 shares during the last quarter. Patron Partners LLC bought a new stake in 374Water in the 4th quarter valued at approximately $55,000. Finally, Wealthedge Investment Advisors LLC acquired a new position in 374Water during the 4th quarter worth approximately $55,000. 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.