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

374Water (NASDAQ:SCWO)‘s stock had its “sell (e+)” rating reissued by stock analysts at Weiss Ratings in a research report issued to clients and investors on Saturday,Weiss Ratings reports.

374Water Stock Down 3.7 %

Shares of SCWO stock traded down $0.02 during mid-day trading on Friday, reaching $0.59. 326,218 shares of the company’s stock traded hands, compared to its average volume of 278,398. The company’s 50-day moving average price is $0.87 and its 200-day moving average price is $1.17. The company has a market cap of $78.57 million, a P/E ratio of -7.38 and a beta of -0.43. 374Water has a 12 month low of $0.54 and a 12 month high of $1.99.

Insider Activity

In other 374Water news, major shareholder Yaacov Nagar sold 44,557 shares of 374Water stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $1.77, for a total value of $78,865.89. Following the completion of the transaction, the insider now directly owns 37,666,195 shares of the company’s stock, valued at approximately $66,669,165.15. The trade was a 0.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Chris M. Gannon purchased 120,000 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were purchased at an average price of $1.25 per share, for a total transaction of $150,000.00. Following the acquisition, the chief executive officer now owns 120,000 shares of the company’s stock, valued at approximately $150,000. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 172,800 shares of company stock worth $216,000 and sold 266,685 shares worth $300,471. Company insiders own 54.32% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Geode Capital Management LLC grew its stake in shares of 374Water by 11.3% in the third quarter. Geode Capital Management LLC now owns 1,556,928 shares of the company’s stock worth $2,118,000 after acquiring an additional 158,482 shares during the period. Charles Schwab Investment Management Inc. grew its holdings 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 worth $678,000 after acquiring an additional 83,198 shares during the period. Barclays PLC increased its position in 374Water by 299.1% during the third quarter. Barclays PLC now owns 94,506 shares of the company’s stock valued at $128,000 after acquiring an additional 70,828 shares during the last quarter. SG Americas Securities LLC bought a new position in 374Water in the third quarter valued at about $30,000. Finally, Virtu Financial LLC purchased a new position in 374Water in the third quarter worth about $30,000. Hedge funds and other institutional investors 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.