374Water (NASDAQ:SCWO) Upgraded at Wall Street Zen

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

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

374Water Stock Down 5.9%

SCWO opened at $0.39 on Friday. 374Water has a 52-week low of $0.16 and a 52-week high of $1.95. The company has a 50 day moving average of $0.36 and a two-hundred day moving average of $0.32. The company has a market cap of $59.37 million, a P/E ratio of -3.57 and a beta of -0.40.

374Water (NASDAQ:SCWO) last posted its earnings results on Tuesday, August 12th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). 374Water had a negative net margin of 1,278.90% and a negative return on equity of 138.71%. The business had revenue of $0.60 million for the quarter, compared to analyst estimates of $5.20 million.

Insider Activity

In related news, major shareholder Yaacov Nagar sold 131,680 shares of the business’s stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $0.42, for a total value of $55,305.60. Following the transaction, the insider owned 32,977,358 shares in the company, valued at approximately $13,850,490.36. The trade was a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 2,980,967 shares of company stock worth $1,420,559 over the last 90 days. 20.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On 374Water

Several institutional investors and hedge funds have recently made changes to their positions in SCWO. Jane Street Group LLC acquired a new stake in shares of 374Water during the second quarter worth approximately $28,000. Qube Research & Technologies Ltd bought a new stake in shares of 374Water in the 2nd quarter worth about $93,000. Marshall Wace LLP acquired a new stake in shares of 374Water in the 2nd quarter valued at about $57,000. CW Advisors LLC bought a new position in shares of 374Water during the second quarter worth about $117,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of 374Water during the second quarter worth about $35,000. 12.16% of the stock is currently owned by hedge funds and other 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.