374Water Stock to Reverse Split on Friday, December 26th (NASDAQ:SCWO)

Shares of 374Water Inc. (NASDAQ:SCWO) are set to reverse split before the market opens on Friday, December 26th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, December 25th.

374Water Stock Down 3.1%

Shares of 374Water stock opened at $0.23 on Thursday. 374Water has a 12-month low of $0.16 and a 12-month high of $1.09. The company has a quick ratio of 1.00, a current ratio of 1.44 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average price of $0.35 and a two-hundred day moving average price of $0.32. The stock has a market capitalization of $39.49 million, a P/E ratio of -1.94 and a beta of -0.07.

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

Analysts Set New Price Targets

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

Insider Buying and Selling at 374Water

In related news, major shareholder Yaacov Nagar sold 473,211 shares of the business’s stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $0.43, for a total transaction of $203,480.73. Following the transaction, the insider owned 32,112,632 shares of the company’s stock, valued at approximately $13,808,431.76. The trade was a 1.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Stephen J. Jones bought 450,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The shares were bought at an average price of $0.23 per share, with a total value of $103,500.00. Following the completion of the purchase, the chief executive officer owned 1,055,723 shares in the company, valued at approximately $242,816.29. The trade was a 74.29% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders sold 3,645,693 shares of company stock worth $1,709,928. 16.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On 374Water

A number of institutional investors have recently added to or reduced their stakes in SCWO. CW Advisors LLC bought a new position in 374Water during the second quarter valued at about $117,000. Qube Research & Technologies Ltd acquired a new stake in shares of 374Water during the 2nd quarter worth approximately $93,000. D.A. Davidson & CO. grew its holdings in shares of 374Water by 37.5% during the 3rd quarter. D.A. Davidson & CO. now owns 1,012,894 shares of the company’s stock worth $291,000 after purchasing an additional 276,349 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of 374Water during the second quarter valued at approximately $57,000. Finally, Two Sigma Investments LP acquired a new position in shares of 374Water in the third quarter valued at $41,000. 12.16% of the stock is owned by institutional investors and hedge funds.

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.