Weiss Ratings Reaffirms Sell (E+) Rating for 374Water (NASDAQ:SCWO)

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

374Water Trading Up 2.8 %

NASDAQ:SCWO opened at $0.38 on Wednesday. 374Water has a 1-year low of $0.30 and a 1-year high of $1.99. The business’s 50-day moving average price is $0.59 and its two-hundred day moving average price is $1.05. The firm has a market capitalization of $51.24 million, a price-to-earnings ratio of -4.81 and a beta of -0.42.

Insider Buying and Selling at 374Water

In other 374Water news, major shareholder Yaacov Nagar sold 69,570 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $0.68, for a total value of $47,307.60. Following the completion of the sale, the insider now directly owns 37,050,752 shares in the company, valued at $25,194,511.36. This represents a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have sold 521,226 shares of company stock valued at $269,744. 54.32% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On 374Water

Several large investors have recently modified their holdings of the business. Geode Capital Management LLC increased its holdings in shares of 374Water by 11.3% in 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. Icon Wealth Advisors LLC grew its stake in 374Water by 1.7% in the third quarter. Icon Wealth Advisors LLC now owns 1,166,612 shares of the company’s stock valued at $1,587,000 after purchasing an additional 20,000 shares in the last quarter. Highbridge Capital Management LLC bought a new position in 374Water in the fourth quarter valued at approximately $765,000. Captrust Financial Advisors lifted its position in shares of 374Water by 4.4% in the fourth quarter. Captrust Financial Advisors now owns 670,888 shares of the company’s stock valued at $458,000 after buying an additional 28,461 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of 374Water by 6.7% in the fourth quarter. Northern Trust Corp now owns 516,867 shares of the company’s stock valued at $353,000 after buying an additional 32,285 shares during the last quarter. 12.16% of the stock is currently owned by 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.