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

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

374Water Price Performance

Shares of NASDAQ:SCWO opened at $0.36 on Friday. The company has a market capitalization of $48.47 million, a P/E ratio of -4.55 and a beta of -0.01. 374Water has a 1 year low of $0.30 and a 1 year high of $1.99. The business’s 50 day simple moving average is $0.49 and its 200 day simple moving average is $0.99.

Insider Buying and Selling at 374Water

In other 374Water news, major shareholder Yaacov Nagar sold 69,570 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $0.68, for a total value of $47,307.60. Following the sale, the insider now 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have sold 521,226 shares of company stock valued at $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 the business. Geode Capital Management LLC boosted its holdings in shares of 374Water by 11.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,556,928 shares of the company’s stock valued at $2,118,000 after purchasing an additional 158,482 shares in the last quarter. Icon Wealth Advisors LLC boosted its holdings in shares of 374Water by 1.7% in the 3rd quarter. Icon Wealth Advisors LLC now owns 1,166,612 shares of the company’s stock valued at $1,587,000 after purchasing an additional 20,000 shares in the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of 374Water in the 4th quarter valued at $765,000. Captrust Financial Advisors boosted its holdings in shares of 374Water by 4.4% in the 4th quarter. Captrust Financial Advisors now owns 670,888 shares of the company’s stock valued at $458,000 after purchasing an additional 28,461 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of 374Water by 6.7% in the 4th quarter. Northern Trust Corp now owns 516,867 shares of the company’s stock valued at $353,000 after purchasing an additional 32,285 shares in the last quarter. Institutional investors and hedge funds 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.