374Water (NASDAQ:SCWO) Posts Earnings Results

374Water (NASDAQ:SCWO) released its quarterly earnings results on Thursday. The company reported ($0.03) earnings per share (EPS) for the quarter, Zacks reports.

374Water Stock Down 7.6 %

SCWO stock traded down $0.03 during trading on Thursday, hitting $0.36. The company had a trading volume of 987,287 shares, compared to its average volume of 190,426. The stock has a market cap of $47.77 million, a price-to-earnings ratio of -4.48 and a beta of -0.01. The firm has a 50-day moving average price of $0.41 and a 200-day moving average price of $0.92. 374Water has a 12 month low of $0.30 and a 12 month high of $1.99.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of 374Water in a research report on Saturday, March 22nd.

Insider Buying and Selling at 374Water

In other 374Water news, major shareholder Yaacov Nagar sold 61,268 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $0.63, for a total transaction of $38,598.84. Following the transaction, the insider now directly owns 36,989,484 shares in the company, valued at approximately $23,303,374.92. This represents a 0.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have sold 521,226 shares of company stock worth $269,744. Insiders own 54.32% of the company’s stock.

About 374Water

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.