374Water (NASDAQ:SCWO) Upgraded by Wall Street Zen to Sell Rating

Wall Street Zen upgraded shares of 374Water (NASDAQ:SCWO) to a sell rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 374Water in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, 374Water presently has a consensus rating of “Sell”.

374Water Trading Up 2.6%

Shares of SCWO stock opened at $2.36 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.00 and a debt-to-equity ratio of 0.01. 374Water has a twelve month low of $1.63 and a twelve month high of $10.90. The company’s 50-day moving average price is $3.09 and its 200-day moving average price is $3.15. The stock has a market cap of $39.93 million, a price-to-earnings ratio of -1.97 and a beta of -0.07.

374Water (NASDAQ:SCWO) last issued its earnings results on Wednesday, November 12th. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.20). The firm had revenue of $0.76 million for the quarter, compared to analysts’ expectations of $10.50 million. 374Water had a negative return on equity of 160.15% and a negative net margin of 911.15%.

Insider Transactions at 374Water

In related news, major shareholder Yaacov Nagar sold 47,321 shares of the stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $4.30, for a total transaction of $203,480.30. Following the completion of the transaction, the insider owned 3,211,263 shares of the company’s stock, valued at approximately $13,808,430.90. This trade represents a 1.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Stephen J. Jones bought 45,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was bought at an average price of $2.30 per share, with a total value of $103,500.00. Following the acquisition, the chief executive officer directly owned 105,572 shares in the company, valued at $242,815.60. The trade was a 74.29% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have sold 364,567 shares of company stock valued at $1,709,916. Company insiders own 16.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC purchased a new stake in shares of 374Water in the 2nd quarter valued at $28,000. Y Intercept Hong Kong Ltd acquired a new position in 374Water in the 2nd quarter valued at about $35,000. Nuveen LLC purchased a new stake in 374Water during the first quarter worth about $37,000. TFO Wealth Partners LLC purchased a new stake in 374Water during the third quarter worth about $34,000. Finally, Two Sigma Investments LP acquired a new stake in shares of 374Water during the third quarter worth about $41,000. 12.16% of the stock is currently owned by hedge funds and other institutional investors.

374Water Company Profile

374Water, Inc (NASDAQ: SCWO) develops and commercializes advanced water treatment technologies based on supercritical water oxidation (SCWO). The company’s flagship offering utilizes high-temperature and high-pressure conditions to oxidize organic contaminants in industrial and agricultural wastewater, converting harmful substances into benign end products such as clean water, carbon dioxide, and salts. This proprietary process is capable of destroying a wide range of pollutants, including hydrocarbons, PFAS, and biological sludges, without the need for harmful chemicals or lengthy residence times.

In addition to manufacturing modular SCWO reactors, 374Water provides end-to-end solutions encompassing system design, engineering, installation, pilot testing, commissioning, and ongoing maintenance.