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

Weiss Ratings restated their sell (e+) rating on shares of 374Water (NASDAQ:SCWO - Free Report) in a research note issued to investors on Saturday morning,Weiss Ratings reports.

374Water Stock Down 2.0 %

374Water stock traded down $0.01 during mid-day trading on Friday, reaching $0.40. 292,935 shares of the company's stock were exchanged, compared to its average volume of 418,833. The firm has a market capitalization of $52.90 million, a PE ratio of -4.97 and a beta of -0.42. The business's fifty day simple moving average is $0.70 and its 200 day simple moving average is $1.10. 374Water has a one year low of $0.36 and a one year high of $1.99.

Insider Buying and Selling

In other news, major shareholder Yaacov Nagar sold 212,120 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $0.49, for a total transaction of $103,938.80. Following the transaction, the insider now owns 36,561,675 shares of the company's stock, valued at $17,915,220.75. This represents a 0.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Chris M. Gannon acquired 120,000 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average price of $1.25 per share, for a total transaction of $150,000.00. Following the completion of the purchase, the chief executive officer now directly owns 120,000 shares in the company, valued at $150,000. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 172,800 shares of company stock worth $216,000 and sold 548,015 shares worth $323,814. 54.32% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in shares of 374Water during the third quarter worth $30,000. Compass Ion Advisors LLC boosted its stake in 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 purchasing an additional 21,212 shares during the period. Sigma Planning Corp grew its holdings in 374Water by 7.1% during the 3rd quarter. Sigma Planning Corp now owns 135,193 shares of the company's stock valued at $184,000 after buying an additional 9,000 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of 374Water by 20.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 498,529 shares of the company's stock valued at $678,000 after buying an additional 83,198 shares during the period. Finally, D.A. Davidson & CO. lifted its holdings in shares of 374Water by 10.6% in the third quarter. D.A. Davidson & CO. now owns 432,535 shares of the company's stock worth $588,000 after buying an additional 41,620 shares in the last quarter. 12.16% of the stock is 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.