374Water Stock to Reverse Split on Friday, December 26th (NASDAQ:SCWO)

Shares of 374Water Inc. (NASDAQ:SCWO) are set 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 Price Performance

Shares of SCWO stock opened at $0.24 on Monday. 374Water has a 1 year low of $0.16 and a 1 year high of $1.09. The company has a current ratio of 1.44, a quick ratio of 1.00 and a debt-to-equity ratio of 0.01. The firm’s 50 day moving average is $0.34 and its 200-day moving average is $0.32. The firm has a market capitalization of $40.98 million, a price-to-earnings ratio of -2.02 and a beta of -0.07.

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

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, CEO Stephen J. Jones purchased 450,000 shares of 374Water stock in a transaction dated 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 transaction, the chief executive officer directly owned 1,055,723 shares of the company’s stock, valued at approximately $242,816.29. This trade represents a 74.29% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Yaacov Nagar sold 1,499,000 shares of the company’s stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $0.46, for a total value of $689,540.00. Following the completion of the sale, the insider owned 34,258,325 shares of the company’s stock, valued at $15,758,829.50. This represents a 4.19% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 3,645,693 shares of company stock worth $1,709,928. 16.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SCWO. Two Sigma Investments LP acquired a new position in 374Water in the third quarter valued at about $41,000. D.A. Davidson & CO. lifted its holdings in shares of 374Water by 37.5% during the 3rd quarter. D.A. Davidson & CO. now owns 1,012,894 shares of the company’s stock valued at $291,000 after purchasing an additional 276,349 shares in the last quarter. TFO Wealth Partners LLC acquired a new position in shares of 374Water in the 3rd quarter valued at approximately $34,000. Jane Street Group LLC bought a new stake in 374Water during the 2nd quarter worth approximately $28,000. Finally, Qube Research & Technologies Ltd bought a new stake in 374Water during the 2nd quarter worth approximately $93,000. 12.16% of the stock is currently owned by institutional investors.

About 374Water

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.