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

Weiss Ratings reaffirmed their sell (e+) rating on shares of 374Water (NASDAQ:SCWO) in a research report sent to investors on Wednesday morning,Weiss Ratings reports.

374Water Price Performance

NASDAQ:SCWO opened at $0.35 on Wednesday. The company has a market cap of $46.78 million, a P/E ratio of -4.39 and a beta of -0.42. The stock’s fifty day moving average price is $0.58 and its two-hundred day moving average price is $1.05. 374Water has a 1 year low of $0.30 and a 1 year high of $1.99.

Insiders Place Their Bets

In related news, major shareholder Yaacov Nagar sold 144,860 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $0.43, for a total value of $62,289.80. Following the sale, the insider now owns 36,400,896 shares in the company, valued at approximately $15,652,385.28. This trade represents a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 521,226 shares of company stock worth $269,744 over the last 90 days. Corporate insiders own 54.32% of the company’s stock.

Institutional Investors Weigh In On 374Water

Institutional investors and hedge funds have recently made changes to their positions in the business. Virtu Financial LLC purchased a new stake in shares of 374Water in the third quarter worth $30,000. SG Americas Securities LLC purchased a new stake in shares of 374Water in the third quarter worth $30,000. Avalon Trust Co raised its position in shares of 374Water by 1,333.3% in the fourth quarter. Avalon Trust Co now owns 43,000 shares of the company’s stock worth $29,000 after buying an additional 40,000 shares in the last quarter. Patron Partners LLC purchased a new stake in shares of 374Water in the fourth quarter worth $55,000. Finally, Barclays PLC raised its position in shares of 374Water by 299.1% in the third quarter. Barclays PLC now owns 94,506 shares of the company’s stock worth $128,000 after buying an additional 70,828 shares in the last quarter. 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.