374Water (NASDAQ:SCWO) Receives Sell (E+) Rating from Weiss Ratings

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

374Water Stock Up 4.7 %

NASDAQ:SCWO opened at $0.36 on Friday. The stock’s 50 day moving average price is $0.49 and its two-hundred day moving average price is $0.99. The firm has a market capitalization of $48.47 million, a price-to-earnings ratio of -4.55 and a beta of -0.01. 374Water has a 12-month low of $0.30 and a 12-month high of $1.99.

Insider Buying and Selling at 374Water

In other news, major shareholder Yaacov Nagar sold 212,120 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was 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 in the company, valued at approximately $17,915,220.75. This trade represents a 0.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 521,226 shares of company stock worth $269,744 over the last 90 days. Company insiders own 54.32% of the company’s stock.

Hedge Funds Weigh In On 374Water

A number of large investors have recently made changes to their positions in SCWO. Highbridge Capital Management LLC bought a new position in shares of 374Water during the fourth quarter worth approximately $765,000. Raymond James Financial Inc. bought a new position in shares of 374Water during the fourth quarter worth approximately $255,000. Geode Capital Management LLC increased its stake in shares of 374Water by 11.3% during the third quarter. Geode Capital Management LLC now owns 1,556,928 shares of the company’s stock worth $2,118,000 after purchasing an additional 158,482 shares during the period. JPMorgan Chase & Co. increased its stake in shares of 374Water by 109.8% during the fourth quarter. JPMorgan Chase & Co. now owns 261,333 shares of the company’s stock worth $178,000 after purchasing an additional 136,753 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in 374Water by 20.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 498,529 shares of the company’s stock worth $678,000 after buying an additional 83,198 shares in 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.