374Water (NASDAQ:SCWO) CEO Stephen Jones Buys 450,000 Shares of Stock

374Water Inc. (NASDAQ:SCWO) CEO Stephen Jones acquired 450,000 shares of 374Water stock in a transaction that occurred on Tuesday, December 16th. The stock was acquired at an average cost of $0.23 per share, for a total transaction of $103,500.00. Following the purchase, the chief executive officer owned 1,055,723 shares of the company’s stock, valued at $242,816.29. The trade was a 74.29% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

374Water Trading Up 2.0%

NASDAQ:SCWO traded up $0.00 on Thursday, reaching $0.24. 1,801,392 shares of the stock traded hands, compared to its average volume of 2,600,918. 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 Inc. has a 1-year low of $0.16 and a 1-year high of $1.09. The company’s 50 day moving average is $0.35 and its 200-day moving average is $0.32. The firm has a market capitalization of $40.28 million, a price-to-earnings ratio of -1.98 and a beta of -0.07.

374Water’s stock is scheduled to reverse split on the morning of Friday, December 26th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, December 25th.

374Water (NASDAQ:SCWO) last posted its quarterly earnings results on Wednesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). The business had revenue of $0.76 million for the quarter, compared to the consensus estimate of $10.50 million. 374Water had a negative return on equity of 160.15% and a negative net margin of 911.15%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SCWO shares. Weiss Ratings restated a “sell (e+)” rating on shares of 374Water in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of 374Water to a “sell” rating in a report on Saturday, October 18th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, 374Water currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On 374Water

Large investors have recently bought and sold shares of the stock. Jane Street Group LLC bought a new stake in shares of 374Water in the 2nd quarter worth $28,000. Y Intercept Hong Kong Ltd bought a new stake in 374Water in the 2nd quarter worth about $35,000. Nuveen LLC bought a new stake in 374Water in the 1st quarter worth about $37,000. TFO Wealth Partners LLC bought a new position in shares of 374Water during the 3rd quarter worth approximately $34,000. Finally, Two Sigma Investments LP purchased a new position in shares of 374Water in the 3rd quarter worth approximately $41,000. 12.16% of the stock is currently owned by institutional investors.

374Water Company Profile

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.