374Water (NASDAQ:SCWO) Stock Rating Upgraded by Wall Street Zen

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

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

374Water Stock Up 2.6%

SCWO stock opened at $2.36 on Friday. 374Water has a one year low of $1.63 and a one year high of $10.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.00 and a current ratio of 1.44. The firm’s fifty day moving average is $3.09 and its 200 day moving average is $3.15. The firm has a market cap of $399.43 million, a PE ratio of -19.67 and a beta of -0.07.

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

Insider Activity

In other news, CEO Stephen J. Jones acquired 45,000 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was bought at an average cost of $2.30 per share, for a total transaction of $103,500.00. Following the purchase, the chief executive officer owned 105,572 shares in the company, valued at approximately $242,815.60. This represents a 74.29% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Yaacov Nagar sold 149,900 shares of the stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $4.60, for a total value of $689,540.00. Following the transaction, the insider directly owned 3,425,832 shares of the company’s stock, valued at $15,758,827.20. The trade was a 4.19% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 364,567 shares of company stock valued at $1,709,916. Insiders own 16.30% of the company’s stock.

Institutional Trading of 374Water

Large investors have recently made changes to their positions in the company. Nuveen LLC purchased a new position in 374Water in the 1st quarter valued at $37,000. D.A. Davidson & CO. grew its holdings in shares of 374Water by 29.1% during the second quarter. D.A. Davidson & CO. now owns 736,545 shares of the company’s stock worth $239,000 after buying an additional 166,080 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of 374Water in the second quarter valued at about $35,000. CW Advisors LLC acquired a new stake in shares of 374Water in the second quarter valued at about $117,000. Finally, Marshall Wace LLP purchased a new position in shares of 374Water in the second quarter worth about $57,000. 12.16% of the stock is currently owned by hedge funds and other institutional investors.

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.