374Water (NASDAQ:SCWO) Announces Earnings Results

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

374Water Trading Down 0.8%

Shares of 374Water stock traded down $0.02 during trading hours 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 business has a fifty day moving average of $2.17 and a 200 day moving average of $2.54. 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 has a 1-year low of $1.75 and a 1-year high of $10.90. The company has a market capitalization of $44.30 million, a PE ratio of -2.91 and a beta of -0.39.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Virtu Financial LLC acquired a new position in 374Water in the 4th quarter worth $26,000. Jane Street Group LLC acquired a new position in shares of 374Water in the 2nd quarter worth approximately $28,000. Two Sigma Investments LP acquired a new position in 374Water in the third quarter worth $41,000. Marshall Wace LLP bought a new stake in shares of 374Water during the 2nd quarter valued at about $57,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of 374Water during the 2nd quarter worth approximately $93,000. 12.16% of the stock is owned by institutional investors and hedge funds.

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.