374Water (NASDAQ:SCWO) CEO Buys $103,500.00 in Stock

374Water Inc. (NASDAQ:SCWO) CEO Stephen Jones bought 450,000 shares of the stock in a transaction on Tuesday, December 16th. The shares were acquired at an average cost of $0.23 per share, for a total transaction of $103,500.00. Following the purchase, the chief executive officer owned 1,055,723 shares in the company, valued at $242,816.29. The trade was a 74.29% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

374Water Price Performance

Shares of NASDAQ SCWO opened at $0.24 on Friday. The firm has a 50-day simple moving average of $0.34 and a 200-day simple moving average of $0.32. The company has a quick ratio of 1.00, a current ratio of 1.44 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $40.98 million, a price-to-earnings ratio of -2.02 and a beta of -0.07. 374Water Inc. has a 52 week low of $0.16 and a 52 week high of $1.09.

374Water’s stock is going to reverse split on the morning of Friday, December 26th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, December 25th.

374Water (NASDAQ:SCWO) last released its quarterly earnings data on Wednesday, November 12th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). The business had revenue of $0.76 million during 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%.

Hedge Funds Weigh In On 374Water

Several large investors have recently modified their holdings of the business. Jane Street Group LLC acquired a new stake in shares of 374Water during the 2nd quarter worth about $28,000. TFO Wealth Partners LLC purchased a new position in 374Water during the third quarter worth about $34,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of 374Water during the second quarter valued at about $35,000. Nuveen LLC purchased a new stake in shares of 374Water in the 1st quarter valued at approximately $37,000. Finally, Two Sigma Investments LP purchased a new stake in shares of 374Water in the 3rd quarter valued at approximately $41,000. Institutional investors and hedge funds own 12.16% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Weiss Ratings restated a “sell (e+)” rating on shares of 374Water in a report on Wednesday, October 8th. Wall Street Zen raised 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 MarketBeat, the stock currently has a consensus rating of “Sell”.

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.