374Water’s (SCWO) Sell (E+) Rating Reiterated at Weiss Ratings

374Water (NASDAQ:SCWO)‘s stock had its “sell (e+)” rating reissued by Weiss Ratings in a note issued to investors on Saturday,Weiss Ratings reports.

374Water Price Performance

NASDAQ SCWO opened at $0.49 on Friday. 374Water has a 1-year low of $0.47 and a 1-year high of $1.99. The firm has a market capitalization of $64.93 million, a P/E ratio of -6.10 and a beta of -0.42. The business’s 50-day simple moving average is $0.74 and its 200-day simple moving average is $1.12.

Insiders Place Their Bets

In related news, CEO Chris M. Gannon purchased 120,000 shares of 374Water stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average cost of $1.25 per share, with a total value of $150,000.00. Following the transaction, the chief executive officer now owns 120,000 shares of the company’s stock, valued at approximately $150,000. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Yaacov Nagar sold 30,662 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 37,163,258 shares of the company’s stock, valued at approximately $57,231,417.32. This represents a 0.08 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 172,800 shares of company stock worth $216,000 and sold 204,806 shares worth $179,894. 54.32% of the stock is owned by insiders.

Institutional Investors Weigh In On 374Water

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sigma Planning Corp increased its position in shares of 374Water by 7.1% during the third quarter. Sigma Planning Corp now owns 135,193 shares of the company’s stock worth $184,000 after acquiring an additional 9,000 shares during the last quarter. Icon Wealth Advisors LLC increased its holdings in 374Water by 1.7% during the 3rd quarter. Icon Wealth Advisors LLC now owns 1,166,612 shares of the company’s stock worth $1,587,000 after purchasing an additional 20,000 shares during the last quarter. Compass Ion Advisors LLC raised its position in shares of 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 purchasing an additional 21,212 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of 374Water during the 3rd quarter valued at approximately $30,000. Finally, SG Americas Securities LLC acquired a new stake in shares of 374Water during the third quarter worth approximately $30,000. 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.