Wall Street Zen Upgrades 374Water (NASDAQ:SCWO) to “Sell”

374Water (NASDAQ:SCWO) was upgraded by equities research analysts at Wall Street Zen to a “sell” rating in a research note issued on Saturday.

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

374Water Price Performance

Shares of 374Water stock opened at $2.36 on Friday. The stock has a market capitalization of $39.93 million, a P/E ratio of -1.97 and a beta of -0.07. The business has a 50 day simple moving average of $3.09 and a two-hundred day simple moving average of $3.14. 374Water has a 12 month low of $1.63 and a 12 month high of $10.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.44 and a quick ratio of 1.00.

374Water (NASDAQ:SCWO) last posted its quarterly earnings data on Wednesday, November 12th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.20). 374Water had a negative net margin of 911.15% and a negative return on equity of 160.15%. The firm had revenue of $0.76 million during the quarter, compared to analyst estimates of $10.50 million.

Insider Buying and Selling at 374Water

In other news, CEO Stephen J. Jones bought 45,000 shares of 374Water stock in a transaction on Tuesday, December 16th. The shares were bought at an average cost of $2.30 per share, with a total value of $103,500.00. Following the completion of the purchase, the chief executive officer directly owned 105,572 shares of the company’s stock, valued at approximately $242,815.60. This trade represents a 74.29% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Yaacov Nagar sold 149,900 shares of the business’s stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $4.60, for a total transaction of $689,540.00. Following the completion of the transaction, the insider owned 3,425,832 shares in the company, valued at $15,758,827.20. The trade was a 4.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 364,567 shares of company stock worth $1,709,916. Insiders own 16.30% of the company’s stock.

Institutional Trading of 374Water

Several institutional investors have recently made changes to their positions in the company. CW Advisors LLC acquired a new position in 374Water in the second quarter valued at approximately $117,000. Qube Research & Technologies Ltd acquired a new position in 374Water in the second quarter valued at about $93,000. D.A. Davidson & CO. boosted its stake in 374Water by 37.5% during the third quarter. D.A. Davidson & CO. now owns 1,012,894 shares of the company’s stock worth $291,000 after buying an additional 276,349 shares during the period. Marshall Wace LLP acquired a new stake in shares of 374Water during the second quarter valued at about $57,000. Finally, Two Sigma Investments LP purchased a new stake in shares of 374Water in the 3rd quarter valued at approximately $41,000. Hedge funds and other institutional investors own 12.16% of the company’s stock.

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.