374Water (NASDAQ:SCWO) COO Sells $22,906.23 in Stock

374Water Inc. (NASDAQ:SCWO) COO Brad Ian Meyers sold 9,831 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $2.33, for a total transaction of $22,906.23. Following the transaction, the chief operating officer directly owned 30,169 shares of the company’s stock, valued at approximately $70,293.77. This trade represents a 24.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, June 11th, Brad Ian Meyers sold 9,000 shares of 374Water stock. The shares were sold at an average price of $2.46, for a total transaction of $22,140.00.

374Water Stock Performance

Shares of 374Water stock remained flat at $2.31 on Monday. 101,411 shares of the stock were exchanged, compared to its average volume of 78,329. The business has a 50-day simple moving average of $2.62 and a 200 day simple moving average of $2.67. The company has a current ratio of 1.42, a quick ratio of 0.93 and a debt-to-equity ratio of 0.18. 374Water Inc. has a twelve month low of $1.63 and a twelve month high of $10.90. The stock has a market cap of $40.42 million, a price-to-earnings ratio of -2.69 and a beta of -0.28.

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

Institutional Investors Weigh In On 374Water

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

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of 374Water in a research note on Monday, April 20th. One equities 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.