Weiss Ratings Reiterates “Sell (E+)” Rating for 374Water (NASDAQ:SCWO)

374Water (NASDAQ:SCWO)‘s stock had its “sell (e+)” rating reaffirmed by equities research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

374Water Stock Performance

Shares of NASDAQ:SCWO opened at $0.36 on Wednesday. The firm has a fifty day moving average of $0.58 and a 200 day moving average of $1.05. 374Water has a 52-week low of $0.30 and a 52-week high of $1.99. The firm has a market capitalization of $48.29 million, a PE ratio of -4.53 and a beta of -0.42.

Insider Buying and Selling at 374Water

In other news, major shareholder Yaacov Nagar sold 69,570 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $0.68, for a total transaction of $47,307.60. Following the transaction, the insider now directly owns 37,050,752 shares of the company’s stock, valued at approximately $25,194,511.36. This trade represents a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 521,226 shares of company stock worth $269,744 over the last ninety days. Insiders own 54.32% of the company’s stock.

Hedge Funds Weigh In On 374Water

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sigma Planning Corp grew its holdings in shares of 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 purchasing an additional 9,000 shares during the last quarter. Icon Wealth Advisors LLC grew its holdings in 374Water by 1.7% in the 3rd quarter. Icon Wealth Advisors LLC now owns 1,166,612 shares of the company’s stock worth $1,587,000 after acquiring an additional 20,000 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of 374Water in the third quarter valued at about $30,000. SG Americas Securities LLC bought a new position in shares of 374Water during the third quarter valued at about $30,000. Finally, Captrust Financial Advisors boosted its holdings in shares of 374Water by 4.4% during the fourth quarter. Captrust Financial Advisors now owns 670,888 shares of the company’s stock worth $458,000 after purchasing an additional 28,461 shares during the period. 12.16% of the stock is currently owned by institutional investors.

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.