374Water (NASDAQ:SCWO) COO Sells $22,140.00 in Stock

374Water Inc. (NASDAQ:SCWO) COO Brad Ian Meyers sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $2.46, for a total value of $22,140.00. Following the transaction, the chief operating officer owned 40,000 shares in the company, valued at $98,400. The trade was a 18.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Brad Ian Meyers also recently made the following trade(s):

• On Friday, June 12th, Brad Ian Meyers sold 9,831 shares of 374Water stock. The shares were sold at an average price of $2.33, for a total value of $22,906.23.

374Water Stock Performance

Shares of SCWO remained flat at $2.31 during mid-day trading on Monday. The stock had a trading volume of 101,411 shares, compared to its average volume of 78,329. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.42 and a quick ratio of 0.93. 374Water Inc. has a 1-year low of $1.63 and a 1-year high of $10.90. The stock has a market capitalization of $40.42 million, a price-to-earnings ratio of -2.69 and a beta of -0.28. The business has a fifty day moving average of $2.62 and a 200-day moving average of $2.67.

374Water (NASDAQ:SCWO) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.26) earnings per share (EPS) for the quarter. 374Water had a negative return on equity of 338.77% and a negative net margin of 911.15%.The business had revenue of $0.55 million during the quarter.

Institutional Investors Weigh In On 374Water

Large investors have recently added to or reduced their stakes in the business. CW Advisors LLC purchased a new position in 374Water during the 2nd quarter valued at about $117,000. Qube Research & Technologies Ltd purchased a new stake in shares of 374Water in the second quarter valued at about $93,000. Marshall Wace LLP acquired a new stake in shares of 374Water in the second quarter valued at approximately $57,000. Two Sigma Investments LP acquired a new stake in shares of 374Water in the third quarter valued at approximately $41,000. Finally, Jane Street Group LLC purchased a new position in shares of 374Water during the 2nd quarter worth approximately $28,000. 12.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of 374Water in a report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, 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.