374Water (NASDAQ:SCWO) Stock Price Down 2.5% – Here’s What Happened

374Water Inc. (NASDAQ:SCWO) dropped 2.5% during trading on Wednesday . The company traded as low as $1.87 and last traded at $1.94. 49,456 shares traded hands during trading, a decline of 24% from the average daily volume of 65,379 shares. The stock had previously closed at $1.99.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 374Water in a research report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, 374Water has an average rating of “Sell”.

374Water Stock Performance

The business has a 50-day moving average of $2.29 and a two-hundred day moving average of $2.59. The company has a market cap of $33.95 million, a P/E ratio of -2.26 and a beta of -0.38. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.42 and a quick ratio of 0.93.

374Water (NASDAQ:SCWO) last announced its earnings results on Thursday, May 14th. The company reported ($0.26) EPS for the quarter. The business had revenue of $0.55 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SCWO. CW Advisors LLC purchased a new stake in 374Water during the second quarter valued at approximately $117,000. Qube Research & Technologies Ltd purchased a new position in 374Water in the second quarter worth $93,000. Marshall Wace LLP purchased a new position in 374Water in the second quarter worth $57,000. Two Sigma Investments LP acquired a new position in shares of 374Water during the third quarter worth $41,000. Finally, D.A. Davidson & CO. increased its position in shares of 374Water by 24.0% during the first quarter. D.A. Davidson & CO. now owns 135,482 shares of the company’s stock worth $385,000 after purchasing an additional 26,188 shares in the last quarter. Hedge funds and other institutional investors own 12.16% of the company’s stock.

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.