374Water (NASDAQ:SCWO) CEO Stephen Jones Buys 450,000 Shares

374Water Inc. (NASDAQ:SCWO) CEO Stephen Jones bought 450,000 shares of 374Water stock in a transaction dated Tuesday, December 16th. The shares were bought at an average price of $0.23 per share, for a total transaction of $103,500.00. Following the completion of the transaction, the chief executive officer directly owned 1,055,723 shares of the company’s stock, valued at $242,816.29. This represents a 74.29% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

374Water Trading Down 3.1%

374Water stock traded down $0.01 during mid-day trading on Wednesday, hitting $0.23. The stock had a trading volume of 789,449 shares, compared to its average volume of 2,604,536. The stock has a 50-day simple moving average of $0.36 and a two-hundred day simple moving average of $0.33. The company has a current ratio of 1.44, a quick ratio of 1.00 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $39.49 million, a PE ratio of -1.94 and a beta of -0.07. 374Water Inc. has a 12 month low of $0.16 and a 12 month high of $1.09.

374Water shares 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 (NASDAQ:SCWO) last issued 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 return on equity of 160.15% and a negative net margin of 911.15%.The business had revenue of $0.76 million for the quarter, compared to analyst estimates of $10.50 million.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SCWO. Weiss Ratings reissued a “sell (e+)” rating on shares of 374Water in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of 374Water to a “sell” rating in a report on Saturday, October 18th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On 374Water

Institutional investors have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. increased its position 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 during the last quarter. CW Advisors LLC bought a new position in shares of 374Water in the second quarter valued at $117,000. Qube Research & Technologies Ltd acquired a new position in 374Water during the second quarter worth $93,000. Marshall Wace LLP bought a new stake in 374Water during the second quarter worth $57,000. Finally, Two Sigma Investments LP bought a new stake in 374Water during the third quarter worth $41,000. 12.16% of the stock is owned by institutional investors.

About 374Water

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.