Key Points
- CEO Stephen Jones purchased 450,000 shares on December 16 at $0.23 each for $103,500, boosting his stake 74.29% to 1,055,723 shares.
- 1-for-10 reverse split is scheduled before market open on December 26, with share counts adjusted after the close on December 25.
- 374Water reported weak results (Q: EPS -$0.03 vs. -$0.01 expected; revenue $0.76M vs. $10.5M est.), has highly negative margins/ROE and a consensus analyst rating of Sell.
374Water Inc. (NASDAQ:SCWO - Get Free Report) CEO Stephen Jones purchased 450,000 shares of 374Water stock in a transaction that occurred on Tuesday, December 16th. The shares were bought at an average price of $0.23 per share, with a total value of $103,500.00. Following the transaction, the chief executive officer owned 1,055,723 shares of the company's stock, valued at $242,816.29. This trade represents a 74.29% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
374Water Stock Performance
SCWO traded up $0.00 during midday trading on Thursday, reaching $0.24. The company had a trading volume of 1,801,392 shares, compared to its average volume of 2,600,918. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.00 and a current ratio of 1.44. The stock has a market cap of $40.28 million, a PE ratio of -1.98 and a beta of -0.07. 374Water Inc. has a 12-month low of $0.16 and a 12-month high of $1.09. The business has a 50-day moving average price of $0.35 and a two-hundred day moving average price of $0.32.
374Water shares are scheduled 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 - Get Free Report) last posted its quarterly earnings results on Wednesday, November 12th. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $0.76 million during the quarter, compared to the consensus estimate of $10.50 million.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in SCWO. CW Advisors LLC purchased a new stake in 374Water in the 2nd quarter worth approximately $117,000. Qube Research & Technologies Ltd bought a new stake in 374Water during the second quarter valued at $93,000. D.A. Davidson & CO. grew its position in 374Water by 37.5% during the third quarter. D.A. Davidson & CO. now owns 1,012,894 shares of the company's stock worth $291,000 after buying an additional 276,349 shares in the last quarter. Marshall Wace LLP bought a new position in 374Water in the 2nd quarter worth about $57,000. Finally, Two Sigma Investments LP purchased a new stake in shares of 374Water in the 3rd quarter valued at about $41,000. Institutional investors own 12.16% of the company's stock.
Wall Street Analyst Weigh In
SCWO has been the subject of several research reports. Weiss Ratings reiterated 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 research note on Saturday, October 18th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, 374Water currently has a consensus rating of "Sell".
Read Our Latest Stock Report on 374Water
About 374Water
(
Get Free Report)
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.
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