374Water Inc. (NASDAQ:SCWO) Shares Sold by Sigma Planning Corp

Sigma Planning Corp trimmed its stake in shares of 374Water Inc. (NASDAQ:SCWO) by 15.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 76,343 shares of the company’s stock after selling 13,900 shares during the quarter. Sigma Planning Corp’s holdings in 374Water were worth $108,000 at the end of the most recent reporting period.

Separately, D.A. Davidson & CO. boosted its holdings in 374Water by 3.5% in the 3rd quarter. D.A. Davidson & CO. now owns 234,725 shares of the company’s stock worth $291,000 after buying an additional 8,000 shares during the last quarter. Hedge funds and other institutional investors own 12.16% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Maxim Group started coverage on 374Water in a research note on Wednesday, January 3rd. They issued a “buy” rating and a $3.00 price target on the stock.

374Water Price Performance

NASDAQ:SCWO opened at $1.50 on Tuesday. 374Water Inc. has a twelve month low of $0.97 and a twelve month high of $3.46. The company’s 50-day moving average price is $1.30 and its 200-day moving average price is $1.31.

374Water (NASDAQ:SCWO) last released its earnings results on Friday, March 29th. The company reported ($0.02) earnings per share for the quarter. The business had revenue of ($0.12) million during the quarter. 374Water had a negative return on equity of 48.86% and a negative net margin of 406.05%.

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.