374Water (NASDAQ:SCWO) Posts Earnings Results

374Water (NASDAQ:SCWO) issued its quarterly earnings results on Thursday. The company reported ($0.26) EPS for the quarter, FiscalAI reports. 374Water had a negative return on equity of 241.68% and a negative net margin of 911.15%.The firm had revenue of $0.55 million for the quarter.

374Water Price Performance

Shares of SCWO traded up $0.07 during trading hours on Thursday, hitting $2.29. 40,034 shares of the stock were exchanged, compared to its average volume of 81,601. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.05 and a current ratio of 1.40. 374Water has a 12-month low of $1.63 and a 12-month high of $10.90. The company has a market cap of $39.94 million, a price-to-earnings ratio of -1.91 and a beta of -0.29. The stock’s 50-day moving average price is $2.79 and its two-hundred day moving average price is $2.83.

Institutional Trading of 374Water

Large investors have recently made changes to their positions in the company. D.A. Davidson & CO. boosted its stake 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 during the last quarter. CW Advisors LLC acquired a new position in 374Water during the second quarter worth $117,000. Qube Research & Technologies Ltd acquired a new position in 374Water during the second quarter worth $93,000. Marshall Wace LLP acquired a new position in 374Water during the second quarter worth $57,000. Finally, Two Sigma Investments LP acquired a new position in 374Water during the third quarter worth $41,000. 12.16% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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