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

Weiss Ratings restated their sell (e+) rating on shares of 374Water (NASDAQ:SCWO) in a research note issued to investors on Saturday morning,Weiss Ratings reports.

374Water Stock Performance

Shares of SCWO stock opened at $0.34 on Friday. The stock’s fifty day moving average is $0.43 and its 200-day moving average is $0.94. The stock has a market capitalization of $45.28 million, a PE ratio of -4.25 and a beta of -0.01. 374Water has a 52 week low of $0.30 and a 52 week high of $1.99.

Insider Activity

In other news, major shareholder Yaacov Nagar sold 69,570 shares of the company’s stock in a transaction on 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 owns 37,050,752 shares of the company’s stock, valued at $25,194,511.36. This represents a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 521,226 shares of company stock valued at $269,744 over the last 90 days. 54.32% of the stock is owned by company insiders.

Hedge Funds Weigh In On 374Water

Large investors have recently made changes to their positions in the company. Virtu Financial LLC acquired a new position in shares of 374Water during the third quarter valued at $30,000. Avalon Trust Co lifted its stake in shares of 374Water by 1,333.3% during the fourth quarter. Avalon Trust Co now owns 43,000 shares of the company’s stock valued at $29,000 after acquiring an additional 40,000 shares during the period. SG Americas Securities LLC lifted its stake in 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 buying an additional 24,418 shares during the period. Patron Partners LLC acquired a new position in 374Water in the fourth quarter valued at about $55,000. Finally, Wealthedge Investment Advisors LLC acquired a new position in 374Water in the fourth quarter valued at about $55,000. 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.