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

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

374Water Trading Down 7.1%

Shares of NASDAQ:SCWO opened at $0.32 on Friday. The company has a market capitalization of $45.72 million, a PE ratio of -3.95 and a beta of -0.18. The business has a 50 day moving average of $0.31 and a two-hundred day moving average of $0.62. 374Water has a 12-month low of $0.25 and a 12-month high of $1.99.

374Water (NASDAQ:SCWO) last issued its quarterly earnings results on Thursday, March 27th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The company had revenue of $0.01 million during the quarter, compared to analysts’ expectations of $0.10 million.

Institutional Trading of 374Water

Hedge funds have recently made changes to their positions in the business. Barclays PLC raised its position in 374Water by 299.1% in 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. JPMorgan Chase & Co. raised 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 acquiring an additional 95,249 shares in the last quarter. SG Americas Securities LLC raised its position in shares of 374Water by 109.2% during the 4th quarter. SG Americas Securities LLC now owns 46,782 shares of the company’s stock worth $32,000 after acquiring an additional 24,418 shares in the last quarter. Patron Partners LLC acquired a new stake in shares of 374Water during the 4th quarter worth about $55,000. Finally, D.A. Davidson & CO. grew its stake in 374Water by 8.5% during the 4th quarter. D.A. Davidson & CO. now owns 469,180 shares of the company’s stock worth $320,000 after buying an additional 36,645 shares during the last quarter. 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.