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

Weiss Ratings restated their sell (e+) rating on shares of 374Water (NASDAQ:SCWOFree Report) in a report issued on Saturday,Weiss Ratings reports.

374Water Stock Down 3.7 %

SCWO opened at $0.59 on Friday. The firm’s 50 day moving average is $0.85 and its 200-day moving average is $1.16. 374Water has a 52-week low of $0.54 and a 52-week high of $1.99. The firm has a market capitalization of $78.57 million, a P/E ratio of -7.38 and a beta of -0.43.

Insider Buying and Selling at 374Water

In related news, major shareholder Yaacov Nagar sold 30,662 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $1.54, for a total transaction of $47,219.48. Following the transaction, the insider now directly owns 37,163,258 shares in the company, valued at $57,231,417.32. This trade represents a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Marc Deshusses acquired 32,000 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average cost of $1.25 per share, with a total value of $40,000.00. Following the transaction, the director now owns 22,652,451 shares in the company, valued at approximately $28,315,563.75. The trade was a 0.14 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 172,800 shares of company stock worth $216,000 and sold 266,685 shares worth $300,471. 54.32% of the stock is owned by insiders.

Institutional Investors Weigh In On 374Water

Several large investors have recently added to or reduced their stakes in SCWO. SG Americas Securities LLC increased its stake in shares of 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 purchasing an additional 24,418 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of 374Water by 324.7% during the third quarter. JPMorgan Chase & Co. now owns 124,580 shares of the company’s stock valued at $169,000 after purchasing an additional 95,249 shares during the period. Virtu Financial LLC bought a new stake in shares of 374Water during the third quarter valued at about $30,000. Barclays PLC lifted its holdings in 374Water by 299.1% in the third quarter. Barclays PLC now owns 94,506 shares of the company’s stock worth $128,000 after purchasing an additional 70,828 shares during the period. Finally, Geode Capital Management LLC increased its stake in 374Water by 11.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,556,928 shares of the company’s stock valued at $2,118,000 after buying an additional 158,482 shares during the period. 12.16% of the stock is owned by institutional investors and hedge funds.

About 374Water

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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.

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