374Water (NASDAQ:SCWO) Posts Earnings Results

374Water (NASDAQ:SCWO) posted its quarterly earnings results on Wednesday. The company reported ($0.03) earnings per share (EPS) for the quarter, Zacks reports. 374Water had a negative net margin of 1,278.90% and a negative return on equity of 138.71%.

374Water Price Performance

Shares of NASDAQ SCWO traded down $0.02 during midday trading on Wednesday, hitting $0.36. 2,205,254 shares of the company’s stock were exchanged, compared to its average volume of 2,735,072. 374Water has a twelve month low of $0.16 and a twelve month high of $1.50. The firm has a market cap of $60.59 million, a P/E ratio of -3.25 and a beta of -0.08. The stock’s 50 day moving average price is $0.40 and its 200-day moving average price is $0.33.

Insiders Place Their Bets

In other 374Water news, major shareholder Yaacov Nagar sold 473,211 shares of 374Water stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $0.43, for a total transaction of $203,480.73. Following the sale, the insider owned 32,112,632 shares of the company’s stock, valued at $13,808,431.76. The trade was a 1.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders sold 3,845,693 shares of company stock worth $1,788,476. 16.30% of the stock is owned by insiders.

Institutional Investors Weigh In On 374Water

Several institutional investors have recently bought and sold shares of the stock. CW Advisors LLC bought a new position in 374Water in the 2nd quarter valued at about $117,000. Qube Research & Technologies Ltd bought a new position in shares of 374Water in the second quarter valued at approximately $93,000. Marshall Wace LLP acquired a new position in shares of 374Water during the second quarter valued at approximately $57,000. Finally, Jane Street Group LLC bought a new stake in 374Water during the second quarter worth approximately $28,000. Institutional investors and hedge funds own 12.16% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of 374Water in a report on Wednesday, October 8th. Wall Street Zen raised shares of 374Water to a “sell” rating in a research report on Saturday, October 18th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, 374Water has an average rating of “Sell”.

374Water Company Profile

374Water Inc provides a technology that transforms wet wastes into recoverable resources in the United States. The company transforms wet wastes, including sewage sludge, biosolids, food waste, hazardous and non-hazardous waste, and forever chemicals. It offers AirSCWO systems, a waste stream treatment system based on supercritical water oxidation that are used to treat various hazardous and non-hazardous waste streams.