374Water (NASDAQ:SCWO) Issues Earnings Results

374Water (NASDAQ:SCWO) announced its earnings results on Thursday. The company reported ($0.26) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $0.55 million for the quarter. 374Water had a negative return on equity of 296.07% and a negative net margin of 911.15%.

374Water Trading Down 1.3%

Shares of NASDAQ SCWO traded down $0.03 during midday trading on Friday, reaching $2.26. 23,570 shares of the stock were exchanged, compared to its average volume of 60,813. The stock has a market capitalization of $39.42 million, a P/E ratio of -1.88 and a beta of -0.29. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.05 and a current ratio of 1.40. The company has a 50 day simple moving average of $2.77 and a 200 day simple moving average of $2.81. 374Water has a twelve month low of $1.63 and a twelve month high of $10.90.

Institutional Investors Weigh In On 374Water

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SCWO. D.A. Davidson & CO. lifted its stake in shares of 374Water by 24.0% in the 1st quarter. D.A. Davidson & CO. now owns 135,482 shares of the company’s stock valued at $385,000 after purchasing an additional 26,188 shares during the last quarter. Sigma Planning Corp boosted its stake in 374Water by 15.4% during the first quarter. Sigma Planning Corp now owns 52,353 shares of the company’s stock worth $149,000 after buying an additional 7,000 shares during the period. Virtu Financial LLC purchased a new position in 374Water during the fourth quarter worth about $26,000. Two Sigma Investments LP acquired a new stake in shares of 374Water during the third quarter valued at about $41,000. Finally, Jane Street Group LLC purchased a new stake in shares of 374Water in the 2nd quarter valued at approximately $28,000. Institutional investors and hedge funds own 12.16% of the company’s stock.

Wall Street Analyst Weigh In

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

About 374Water

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.