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

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

374Water Trading Down 3.7 %

374Water stock opened at $0.59 on Friday. 374Water has a 12-month low of $0.54 and a 12-month high of $1.99. The firm has a 50-day moving average price of $0.87 and a 200-day moving average price of $1.17. The firm has a market capitalization of $78.57 million, a PE ratio of -7.38 and a beta of -0.43.

Insider Buying and Selling at 374Water

In related news, CEO Chris M. Gannon purchased 120,000 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were purchased at an average cost of $1.25 per share, for a total transaction of $150,000.00. Following the completion of the acquisition, the chief executive officer now owns 120,000 shares in the company, valued at approximately $150,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Yaacov Nagar sold 61,268 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $0.63, for a total transaction of $38,598.84. Following the completion of the transaction, the insider now directly owns 36,989,484 shares in the company, valued at $23,303,374.92. This represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 172,800 shares of company stock worth $216,000 and sold 266,685 shares worth $300,471. Company insiders own 54.32% of the company’s stock.

Hedge Funds Weigh In On 374Water

A number of hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new stake in shares of 374Water during the third quarter valued at approximately $30,000. SG Americas Securities LLC purchased a new position in 374Water during the 3rd quarter worth $30,000. Barclays PLC raised its position in 374Water by 299.1% during the 3rd quarter. Barclays PLC now owns 94,506 shares of the company’s stock valued at $128,000 after purchasing an additional 70,828 shares in the last quarter. Compass Ion Advisors LLC lifted its holdings 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 worth $138,000 after buying an additional 21,212 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of 374Water by 324.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 124,580 shares of the company’s stock worth $169,000 after buying an additional 95,249 shares in the last quarter. 12.16% of the stock is currently owned by institutional investors.

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.