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

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

374Water Trading Down 0.0 %

SCWO opened at $0.34 on Friday. The stock has a market cap of $45.28 million, a PE ratio of -4.25 and a beta of -0.01. 374Water has a 1 year low of $0.30 and a 1 year high of $1.99. The stock’s 50 day simple moving average is $0.43 and its 200-day simple moving average is $0.94.

Insider Activity

In other 374Water 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 value of $103,938.80. Following the sale, the insider now directly owns 36,561,675 shares in the company, valued at $17,915,220.75. This represents a 0.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last ninety days, insiders have sold 521,226 shares of company stock worth $269,744. Company insiders own 54.32% of the company’s stock.

Institutional Trading of 374Water

Large investors have recently bought and sold shares of the stock. Virtu Financial LLC bought a new stake in 374Water in the third quarter valued at $30,000. Avalon Trust Co grew its position in 374Water by 1,333.3% in the fourth quarter. Avalon Trust Co now owns 43,000 shares of the company’s stock valued at $29,000 after acquiring an additional 40,000 shares during the period. SG Americas Securities LLC grew its position in 374Water by 109.2% in the fourth quarter. SG Americas Securities LLC now owns 46,782 shares of the company’s stock valued at $32,000 after acquiring an additional 24,418 shares during the period. Patron Partners LLC bought a new stake in 374Water in the fourth quarter valued at $55,000. Finally, Wealthedge Investment Advisors LLC bought a new stake in shares of 374Water during the fourth quarter worth $55,000. 12.16% of the stock is currently 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.