Weiss Ratings Reiterates “Sell (E+)” Rating for 374Water (NASDAQ:SCWO)

Weiss Ratings reaffirmed their sell (e+) rating on shares of 374Water (NASDAQ:SCWO) in a research note released on Wednesday morning,Weiss Ratings reports.

374Water Stock Performance

374Water stock opened at $0.36 on Wednesday. The stock has a market cap of $52.11 million, a P/E ratio of -4.50 and a beta of -0.13. 374Water has a fifty-two week low of $0.25 and a fifty-two week high of $1.99. The firm’s fifty day moving average price is $0.33 and its 200-day moving average price is $0.47.

374Water (NASDAQ:SCWO) last announced its earnings results on Thursday, May 15th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The business had revenue of $0.54 million during the quarter, compared to analyst estimates of $0.10 million.

Hedge Funds Weigh In On 374Water

Institutional investors have recently made changes to their positions in the stock. Avalon Trust Co increased its holdings in shares of 374Water by 1,333.3% in the 4th quarter. Avalon Trust Co now owns 43,000 shares of the company’s stock worth $29,000 after buying an additional 40,000 shares during the last quarter. SG Americas Securities LLC increased its stake in 374Water by 109.2% in the fourth quarter. SG Americas Securities LLC now owns 46,782 shares of the company’s stock valued at $32,000 after acquiring an additional 24,418 shares during the last quarter. Nuveen LLC bought a new position in 374Water in the first quarter valued at $37,000. Patron Partners LLC increased its stake in 374Water by 62.5% in the first quarter. Patron Partners LLC now owns 130,000 shares of the company’s stock valued at $44,000 after acquiring an additional 50,000 shares during the last quarter. Finally, Wealthedge Investment Advisors LLC bought a new position in 374Water in the fourth quarter valued at $55,000. Institutional investors own 12.16% of the company’s stock.

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.