Weiss Ratings Reaffirms Sell (E+) Rating for 374Water (NASDAQ:SCWO)

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

374Water Stock Down 3.7 %

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

Insider Activity at 374Water

In related news, CEO Chris M. Gannon bought 120,000 shares of the company’s stock in a transaction on Monday, November 18th. The stock was acquired at an average cost of $1.25 per share, for a total transaction of $150,000.00. Following the completion of the transaction, the chief executive officer now directly owns 120,000 shares in the company, valued at $150,000. This trade represents a ? increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Yaacov Nagar sold 37,832 shares of 374Water stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $1.41, for a total value of $53,343.12. Following the sale, the insider now directly owns 37,499,420 shares of the company’s stock, valued at approximately $52,874,182.20. This trade represents a 0.10 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have purchased 172,800 shares of company stock worth $216,000 and have sold 266,685 shares worth $300,471. 54.32% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in 374Water during the 3rd quarter valued at approximately $30,000. Virtu Financial LLC purchased a new stake in 374Water in the third quarter worth $30,000. Barclays PLC boosted its holdings in 374Water by 299.1% in 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 in the last quarter. Compass Ion Advisors LLC increased its position in 374Water by 26.4% during the 3rd quarter. Compass Ion Advisors LLC now owns 101,647 shares of the company’s stock valued at $138,000 after purchasing an additional 21,212 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in 374Water by 324.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 124,580 shares of the company’s stock worth $169,000 after purchasing an additional 95,249 shares in the last quarter. 12.16% of the stock is owned by institutional investors.

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.