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

374Water (NASDAQ:SCWO) issued its quarterly earnings results on Friday. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.05, FiscalAI reports. The firm had revenue of $2.26 million for the quarter, compared to analyst estimates of $0.50 million.

374Water Stock Performance

Shares of 374Water stock traded down $0.02 on Friday, hitting $2.50. 53,142 shares of the company’s stock traded hands, compared to its average volume of 55,510. The firm’s 50-day moving average price is $2.17 and its two-hundred day moving average price is $2.54. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.93 and a current ratio of 1.42. 374Water has a one year low of $1.75 and a one year high of $10.90.

Institutional Investors Weigh In On 374Water

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SCWO. CW Advisors LLC acquired a new position in 374Water in the second quarter valued at about $117,000. Qube Research & Technologies Ltd acquired a new position in shares of 374Water during the 2nd quarter worth about $93,000. Marshall Wace LLP acquired a new position in shares of 374Water during the 2nd quarter worth about $57,000. Two Sigma Investments LP bought a new stake in shares of 374Water in the 3rd quarter valued at about $41,000. Finally, Jane Street Group LLC bought a new stake in shares of 374Water in the 2nd quarter valued at about $28,000. Institutional investors own 12.16% of the company’s stock.

Wall Street Analyst Weigh In

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

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.