374Water (NASDAQ:SCWO) Shares Down 2.5% – Time to Sell?

374Water Inc. (NASDAQ:SCWO) shares were down 2.5% during mid-day trading on Wednesday . The company traded as low as $1.87 and last traded at $1.94. Approximately 49,456 shares were traded during mid-day trading, a decline of 24% from the average session volume of 65,379 shares. The stock had previously closed at $1.99.

Analyst Ratings Changes

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

374Water Price Performance

The stock’s fifty day moving average price is $2.26 and its 200-day moving average price is $2.59. The firm has a market cap of $35.69 million, a price-to-earnings ratio of -2.37 and a beta of -0.38. 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 (NASDAQ:SCWO) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.26) EPS for the quarter. The company had revenue of $0.55 million during the quarter.

Hedge Funds Weigh In On 374Water

Several large investors have recently modified their holdings of the business. Virtu Financial LLC acquired a new stake in shares of 374Water during the 4th quarter worth about $26,000. Jane Street Group LLC acquired a new stake in shares of 374Water during the second quarter valued at about $28,000. Two Sigma Investments LP acquired a new stake in shares of 374Water during the third quarter valued at about $41,000. Marshall Wace LLP purchased a new stake in shares of 374Water in the 2nd quarter valued at approximately $57,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of 374Water in the 2nd quarter valued at approximately $93,000. Institutional investors and hedge funds 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.