374Water Inc. (NASDAQ:SCWO) Director Purchases $12,800.00 in Stock

374Water Inc. (NASDAQ:SCWO) Director Stephen J. Jones bought 40,000 shares of the business’s stock in a transaction on Thursday, May 22nd. The stock was purchased at an average price of $0.32 per share, with a total value of $12,800.00. Following the completion of the transaction, the director now directly owns 89,593 shares of the company’s stock, valued at $28,669.76. This trade represents a 80.66% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

374Water Stock Performance

Shares of NASDAQ:SCWO traded up $0.04 during mid-day trading on Tuesday, hitting $0.35. The stock had a trading volume of 534,056 shares, compared to its average volume of 214,691. 374Water Inc. has a 12-month low of $0.25 and a 12-month high of $1.99. The company has a market cap of $50.54 million, a PE ratio of -4.37 and a beta of -0.18. The company’s 50 day moving average is $0.30 and its 200-day moving average is $0.53.

374Water (NASDAQ:SCWO) last released its earnings results on Thursday, May 15th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The business had revenue of $0.54 million during the quarter, compared to the consensus estimate of $0.10 million.

Institutional Investors Weigh In On 374Water

Several institutional investors and hedge funds have recently modified their holdings of SCWO. JPMorgan Chase & Co. raised its position in shares of 374Water by 324.7% in 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. Raymond James Financial Inc. acquired a new position in 374Water in the 4th quarter valued at $255,000. D.A. Davidson & CO. raised its holdings in 374Water by 8.5% in the 4th quarter. D.A. Davidson & CO. now owns 469,180 shares of the company’s stock worth $320,000 after acquiring an additional 36,645 shares during the period. Avalon Trust Co lifted its position in 374Water by 1,333.3% during the 4th quarter. Avalon Trust Co now owns 43,000 shares of the company’s stock worth $29,000 after acquiring an additional 40,000 shares during the last quarter. Finally, Sigma Planning Corp boosted its holdings in 374Water by 36.1% during the fourth quarter. Sigma Planning Corp now owns 183,960 shares of the company’s stock valued at $126,000 after acquiring an additional 48,767 shares during the period. Institutional investors and hedge funds own 12.16% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of 374Water in a research report on Saturday.

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.