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

374Water (NASDAQ:SCWO) announced 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 during the quarter, compared to analyst estimates of $0.50 million.

374Water Price Performance

Shares of SCWO traded down $0.02 on Friday, hitting $2.50. The company’s stock had a trading volume of 53,142 shares, compared to its average volume of 55,510. The firm’s fifty day moving average price is $2.17 and its 200-day moving average price is $2.54. 374Water has a fifty-two week low of $1.75 and a fifty-two week high of $10.90. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.42 and a quick ratio of 0.93.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new position in shares of 374Water in the fourth quarter valued at approximately $26,000. Two Sigma Investments LP bought a new stake in shares of 374Water during the third quarter worth $41,000. Jane Street Group LLC acquired a new stake in shares of 374Water during the second quarter worth $28,000. Qube Research & Technologies Ltd bought a new stake in 374Water in the 2nd quarter valued at $93,000. Finally, Marshall Wace LLP bought a new stake in 374Water in the 2nd quarter valued at $57,000. Institutional investors own 12.16% of the company’s stock.

Wall Street Analyst Weigh In

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