374Water (NASDAQ:SCWO) Posts Earnings Results

374Water (NASDAQ:SCWO) posted its earnings results on Tuesday. The company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.38), FiscalAI reports. The business had revenue of ($1.68) million during the quarter, compared to the consensus estimate of $10.60 million. 374Water had a negative return on equity of 160.15% and a negative net margin of 911.15%.

374Water Trading Up 3.3%

Shares of SCWO traded up $0.09 during midday trading on Tuesday, hitting $2.84. The stock had a trading volume of 38,714 shares, compared to its average volume of 62,875. The stock’s 50 day moving average is $2.82 and its 200 day moving average is $3.07. The firm has a market cap of $48.07 million, a PE ratio of -2.37 and a beta of -0.03. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.44 and a quick ratio of 1.00. 374Water has a 1 year low of $1.63 and a 1 year high of $10.90.

Hedge Funds Weigh In On 374Water

A number of large investors have recently bought and sold shares of the business. CW Advisors LLC purchased a new stake in 374Water in the 2nd quarter valued at about $117,000. Qube Research & Technologies Ltd purchased a new stake in shares of 374Water in the second quarter valued at approximately $93,000. Marshall Wace LLP bought a new position in 374Water in the second quarter worth approximately $57,000. Two Sigma Investments LP bought a new position in 374Water in the third quarter worth approximately $41,000. Finally, Jane Street Group LLC purchased a new position in 374Water during the 2nd quarter worth $28,000. Hedge funds and other institutional investors own 12.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SCWO. Wall Street Zen raised shares of 374Water to a “sell” rating in a report on Saturday, December 27th. Weiss Ratings restated a “sell (e+)” rating on shares of 374Water in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently 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.