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

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

374Water Stock Performance

374Water stock opened at $0.36 on Wednesday. 374Water has a 52-week low of $0.30 and a 52-week high of $1.99. The firm has a 50 day moving average price of $0.58 and a two-hundred day moving average price of $1.05. The firm has a market cap of $48.29 million, a price-to-earnings ratio of -4.53 and a beta of -0.42.

Insider Activity at 374Water

In related news, major shareholder Yaacov Nagar sold 69,570 shares of 374Water stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $0.68, for a total transaction of $47,307.60. Following the transaction, the insider now owns 37,050,752 shares of the company’s stock, valued at $25,194,511.36. The trade was a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 521,226 shares of company stock valued at $269,744 in the last three months. Corporate insiders own 54.32% of the company’s stock.

Institutional Trading of 374Water

Several institutional investors have recently made changes to their positions in the company. Highbridge Capital Management LLC purchased a new position in shares of 374Water in the 4th quarter worth approximately $765,000. Raymond James Financial Inc. bought a new position in 374Water during the fourth quarter valued at about $255,000. Geode Capital Management LLC increased its holdings in 374Water by 11.3% during the third quarter. Geode Capital Management LLC now owns 1,556,928 shares of the company’s stock worth $2,118,000 after buying an additional 158,482 shares during the last quarter. JPMorgan Chase & Co. raised its position in 374Water by 109.8% in the fourth quarter. JPMorgan Chase & Co. now owns 261,333 shares of the company’s stock worth $178,000 after acquiring an additional 136,753 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in 374Water by 20.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 498,529 shares of the company’s stock valued at $678,000 after acquiring an additional 83,198 shares during the last quarter. Institutional investors own 12.16% of the company’s stock.

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.