374Water (NASDAQ:SCWO) CEO Stephen Jones Buys 450,000 Shares

374Water Inc. (NASDAQ:SCWO) CEO Stephen Jones purchased 450,000 shares of the stock in a transaction on Tuesday, December 16th. The shares were acquired at an average cost of $0.23 per share, for a total transaction of $103,500.00. Following the transaction, the chief executive officer owned 1,055,723 shares of the company’s stock, valued at approximately $242,816.29. The trade was a 74.29% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

374Water Stock Performance

Shares of SCWO traded down $0.01 during mid-day trading on Wednesday, reaching $0.23. The company’s stock had a trading volume of 789,449 shares, compared to its average volume of 2,604,536. 374Water Inc. has a 1-year low of $0.16 and a 1-year high of $1.09. The stock has a market cap of $39.49 million, a P/E ratio of -1.94 and a beta of -0.07. The business has a 50-day simple moving average of $0.36 and a two-hundred day simple moving average of $0.33. The company has a current ratio of 1.44, a quick ratio of 1.00 and a debt-to-equity ratio of 0.01.

Shares of 374Water are going to reverse split before the market opens on Friday, December 26th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, December 25th.

374Water (NASDAQ:SCWO) last posted its quarterly earnings results on Wednesday, November 12th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). 374Water had a negative net margin of 911.15% and a negative return on equity of 160.15%. The business had revenue of $0.76 million during the quarter, compared to the consensus estimate of $10.50 million.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 374Water in a report on Wednesday, October 8th. Wall Street Zen upgraded 374Water to a “sell” rating in a research report on Saturday, October 18th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SCWO. Jane Street Group LLC acquired a new stake in 374Water during the 2nd quarter worth approximately $28,000. Y Intercept Hong Kong Ltd bought a new stake in shares of 374Water in the second quarter worth $35,000. Nuveen LLC acquired a new stake in 374Water in the first quarter valued at $37,000. TFO Wealth Partners LLC bought a new position in 374Water during the 3rd quarter worth $34,000. Finally, Two Sigma Investments LP acquired a new position in 374Water during the 3rd quarter worth about $41,000. Institutional investors and hedge funds own 12.16% of the company’s stock.

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.