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

374Water (NASDAQ:SCWO - Get Free Report)'s stock had its "sell (e+)" rating restated by investment analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

374Water Price Performance

Shares of NASDAQ:SCWO traded down $0.01 during trading hours on Wednesday, hitting $0.35. 161,375 shares of the company's stock traded hands, compared to its average volume of 322,708. The firm has a market capitalization of $46.78 million, a P/E ratio of -4.39 and a beta of -0.42. The business has a fifty day moving average price of $0.58 and a 200-day moving average price of $1.05. 374Water has a 1 year low of $0.30 and a 1 year high of $1.99.

Insider Activity at 374Water

In other 374Water news, major shareholder Yaacov Nagar sold 61,268 shares of the business'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 sale, the insider now owns 36,989,484 shares in the company, valued at approximately $23,303,374.92. The trade was a 0.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 521,226 shares of company stock valued at $269,744 over the last quarter. 54.32% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On 374Water

A number of institutional investors and hedge funds have recently modified their holdings of SCWO. Geode Capital Management LLC raised its position in 374Water by 11.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,556,928 shares of the company's stock worth $2,118,000 after buying an additional 158,482 shares during the last quarter. Icon Wealth Advisors LLC boosted its position in 374Water by 1.7% in 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 in the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of 374Water during the 4th quarter worth approximately $765,000. Captrust Financial Advisors increased its holdings in shares of 374Water by 4.4% during the 4th quarter. Captrust Financial Advisors now owns 670,888 shares of the company's stock valued at $458,000 after purchasing an additional 28,461 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of 374Water by 6.7% in the 4th quarter. Northern Trust Corp now owns 516,867 shares of the company's stock valued at $353,000 after purchasing an additional 32,285 shares during the period. Institutional investors and hedge funds 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.