374Water Inc. $SCWO Holdings Cut by D.A. Davidson & CO.

D.A. Davidson & CO. decreased its stake in 374Water Inc. (NASDAQ:SCWO) by 89.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 109,294 shares of the company’s stock after selling 903,600 shares during the quarter. D.A. Davidson & CO.’s holdings in 374Water were worth $223,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in 374Water in the 2nd quarter worth approximately $28,000. Two Sigma Investments LP purchased a new stake in 374Water in the 3rd quarter worth approximately $41,000. Marshall Wace LLP acquired a new position in shares of 374Water during the 2nd quarter worth $57,000. Qube Research & Technologies Ltd acquired a new position in shares of 374Water during the 2nd quarter worth $93,000. Finally, CW Advisors LLC acquired a new position in shares of 374Water during the 2nd quarter worth $117,000. Hedge funds and other institutional investors own 12.16% of the company’s stock.

374Water Stock Performance

NASDAQ:SCWO opened at $2.36 on Thursday. The company has a current ratio of 1.40, a quick ratio of 1.05 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $41.16 million, a PE ratio of -1.97 and a beta of -0.29. The firm’s fifty day simple moving average is $2.83 and its 200 day simple moving average is $2.89. 374Water Inc. has a 1 year low of $1.63 and a 1 year high of $10.90.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of 374Water in a research note on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

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.