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

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

374Water Stock Performance

374Water stock opened at $0.36 on Friday. The firm’s fifty day moving average price is $0.49 and its 200-day moving average price is $0.99. The stock has a market cap of $48.47 million, a P/E ratio of -4.55 and a beta of -0.01. 374Water has a fifty-two week low of $0.30 and a fifty-two week high of $1.99.

Insider Activity

In related news, major shareholder Yaacov Nagar sold 212,120 shares of the stock in a transaction on Monday, February 3rd. The shares were 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 approximately $17,915,220.75. This trade represents a 0.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders have sold 521,226 shares of company stock worth $269,744. 54.32% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On 374Water

A number of large investors have recently modified their holdings of SCWO. Sigma Planning Corp raised its holdings in 374Water by 7.1% in the third quarter. Sigma Planning Corp now owns 135,193 shares of the company’s stock worth $184,000 after buying an additional 9,000 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of 374Water by 20.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 498,529 shares of the company’s stock valued at $678,000 after acquiring an additional 83,198 shares in the last quarter. D.A. Davidson & CO. lifted its position 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 valued at $588,000 after acquiring an additional 41,620 shares in the last quarter. Icon Wealth Advisors LLC lifted its position in shares of 374Water by 1.7% in the third quarter. Icon Wealth Advisors LLC now owns 1,166,612 shares of the company’s stock worth $1,587,000 after buying an additional 20,000 shares in the last quarter. Finally, Barclays PLC increased its stake in 374Water by 299.1% during the third quarter. Barclays PLC now owns 94,506 shares of the company’s stock worth $128,000 after acquiring an additional 70,828 shares during the last quarter. Institutional investors 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.