374Water (NASDAQ:SCWO) Issues Quarterly Earnings Results, Beats Estimates By $0.05 EPS

374Water (NASDAQ:SCWO) announced its quarterly earnings results on Friday. The company reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.05, FiscalAI reports. The business had revenue of $2.26 million for the quarter, compared to the consensus estimate of $0.50 million.

374Water Price Performance

Shares of SCWO traded down $0.02 on Friday, hitting $2.50. The company’s stock had a trading volume of 53,142 shares, compared to its average volume of 55,510. The company has a market capitalization of $44.30 million, a PE ratio of -2.91 and a beta of -0.39. 374Water has a fifty-two week low of $1.75 and a fifty-two week high of $10.90. The company has a 50 day moving average price of $2.17 and a 200 day moving average price of $2.54. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.42 and a quick ratio of 0.93.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of 374Water in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On 374Water

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Virtu Financial LLC acquired a new stake in shares of 374Water in the fourth quarter valued at $26,000. Jane Street Group LLC bought a new stake in 374Water during the 2nd quarter worth about $28,000. Two Sigma Investments LP acquired a new stake in 374Water in the 3rd quarter valued at about $41,000. Marshall Wace LLP bought a new position in shares of 374Water in the second quarter worth about $57,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of 374Water in the second quarter worth about $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.