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

374Water Inc. (NASDAQ:SCWO) COO Brad Ian Meyers sold 9,831 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $2.33, for a total transaction of $22,906.23. Following the sale, the chief operating officer directly owned 30,169 shares of the company’s stock, valued at approximately $70,293.77. This represents a 24.58% decrease in their position. The sale was disclosed in a filing with the SEC, 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 stock was sold at an average price of $2.46, for a total transaction of $22,140.00.

374Water Price Performance

Shares of 374Water stock remained flat at $2.31 on Monday. The stock had a trading volume of 101,411 shares, compared to its average volume of 78,329. The stock has a market cap of $40.42 million, a PE ratio of -2.69 and a beta of -0.28. The stock’s fifty day moving average is $2.62 and its 200-day moving average is $2.67. 374Water Inc. has a fifty-two week low of $1.63 and a fifty-two week high of $10.90. The company has a quick ratio of 0.93, a current ratio of 1.42 and a debt-to-equity ratio of 0.18.

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

Analyst Ratings Changes

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

Institutional Trading of 374Water

Institutional investors have recently made changes to their positions in the company. CW Advisors LLC acquired a new position in 374Water in the second quarter valued at approximately $117,000. Qube Research & Technologies Ltd acquired a new stake in 374Water during the second quarter worth $93,000. Marshall Wace LLP purchased a new stake in 374Water in the second quarter valued at $57,000. Two Sigma Investments LP purchased a new stake in 374Water in the third quarter valued at $41,000. Finally, Jane Street Group LLC acquired a new position in shares of 374Water in the 2nd quarter valued at $28,000. Hedge funds and other institutional investors own 12.16% of the company’s stock.

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.