374Water (NASDAQ:SCWO) Earns “Sell (E+)” Rating from Weiss Ratings

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

374Water Stock Down 5.4 %

374Water stock opened at $0.49 on Friday. The business has a 50 day moving average price of $0.74 and a two-hundred day moving average price of $1.12. The stock has a market cap of $64.93 million, a price-to-earnings 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 Transactions at 374Water

In other 374Water news, Director Marc Deshusses purchased 32,000 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average cost of $1.25 per share, with a total value of $40,000.00. Following the acquisition, 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 position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Yaacov Nagar sold 61,268 shares of the firm’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $0.63, for a total value of $38,598.84. Following the sale, the insider now directly 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 disclosure for this sale can be found here. In the last ninety days, insiders purchased 172,800 shares of company stock valued at $216,000 and sold 204,806 shares valued at $179,894. 54.32% of the stock is currently owned by insiders.

Institutional Investors Weigh In On 374Water

Hedge funds and other institutional investors have recently bought and sold shares of the business. Virtu Financial LLC acquired a new stake in 374Water during the 3rd quarter valued at $30,000. SG Americas Securities LLC acquired a new stake in 374Water during the 3rd quarter valued at $30,000. Patron Partners LLC bought a new position in 374Water in the 4th quarter valued at $55,000. Barclays PLC boosted its position in 374Water by 299.1% in the 3rd 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 last quarter. Finally, Compass Ion Advisors LLC boosted its position in 374Water by 26.4% in the 3rd 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 last quarter. 12.16% of the stock is owned by institutional investors and hedge funds.

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.