374Water (NASDAQ:SCWO) Shares Up 1.9% – Time to Buy?

374Water Inc. (NASDAQ:SCWO) shares were up 1.9% during mid-day trading on Wednesday . The stock traded as high as $0.2820 and last traded at $0.2743. Approximately 683,066 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 1,699,366 shares. The stock had previously closed at $0.2692.

Wall Street Analyst Weigh In

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

374Water Price Performance

The stock has a 50-day simple moving average of $0.37 and a 200 day simple moving average of $0.33. The stock has a market capitalization of $46.43 million, a P/E ratio of -2.29 and a beta of -0.07. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.00 and a current ratio of 1.44.

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

Insider Activity at 374Water

In related news, major shareholder Yaacov Nagar sold 473,211 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider directly owned 32,112,632 shares of the company’s stock, valued at $13,808,431.76. The trade was a 1.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last ninety days, insiders have sold 3,822,982 shares of company stock worth $1,779,619. 16.30% of the stock is owned by insiders.

Institutional Investors Weigh In On 374Water

A number of institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC bought a new stake in 374Water in the second quarter valued at approximately $28,000. TFO Wealth Partners LLC acquired a new stake in shares of 374Water during the third quarter worth about $34,000. Y Intercept Hong Kong Ltd bought a new position in shares of 374Water during the 2nd quarter valued at about $35,000. Nuveen LLC bought a new position in shares of 374Water during the 1st quarter valued at about $37,000. Finally, Two Sigma Investments LP acquired a new position in shares of 374Water in the 3rd quarter valued at approximately $41,000. 12.16% of the stock is owned by institutional investors and hedge funds.

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.