Icon Wealth Advisors LLC Decreases Stock Holdings in 374Water Inc. $SCWO

Icon Wealth Advisors LLC lowered its stake in shares of 374Water Inc. (NASDAQ:SCWO) by 90.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 108,361 shares of the company’s stock after selling 1,070,751 shares during the quarter. Icon Wealth Advisors LLC’s holdings in 374Water were worth $221,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SCWO. Jane Street Group LLC bought a new position in 374Water in the second quarter worth about $28,000. Two Sigma Investments LP bought a new stake in shares of 374Water in the 3rd quarter valued at about $41,000. Marshall Wace LLP purchased a new position in shares of 374Water in the 2nd quarter worth approximately $57,000. Qube Research & Technologies Ltd bought a new position in shares of 374Water during the 2nd quarter worth approximately $93,000. Finally, CW Advisors LLC purchased a new stake in 374Water during the second quarter valued at approximately $117,000. 12.16% of the stock is currently owned by institutional investors.

374Water Price Performance

NASDAQ SCWO opened at $2.31 on Tuesday. The firm’s fifty day simple moving average is $2.62 and its two-hundred day simple moving average is $2.67. The company has a current ratio of 1.42, a quick ratio of 0.93 and a debt-to-equity ratio of 0.18. 374Water Inc. has a 12-month low of $1.63 and a 12-month high of $10.90. The firm has a market capitalization of $40.43 million, a P/E ratio of -2.69 and a beta of -0.28.

374Water (NASDAQ:SCWO) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.26) earnings per share (EPS) for the quarter. 374Water had a negative return on equity of 338.77% and a negative net margin of 911.15%.The firm had revenue of $0.55 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of 374Water in a research note on Monday, April 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

374Water 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.