374Water (NASDAQ:SCWO) Releases Quarterly Earnings Results

374Water (NASDAQ:SCWO) released its quarterly earnings data on Thursday. The company reported ($0.26) earnings per share for the quarter, FiscalAI reports. 374Water had a negative net margin of 911.15% and a negative return on equity of 241.68%. The company had revenue of $0.55 million during the quarter.

374Water Stock Down 2.2%

NASDAQ:SCWO traded down $0.05 on Friday, hitting $2.24. The stock had a trading volume of 5,447 shares, compared to its average volume of 80,757. The company has a quick ratio of 1.05, a current ratio of 1.40 and a debt-to-equity ratio of 0.01. 374Water has a 52 week low of $1.63 and a 52 week high of $10.90. The business’s fifty day moving average is $2.78 and its 200 day moving average is $2.81. The company has a market cap of $39.07 million, a PE ratio of -1.87 and a beta of -0.29.

Hedge Funds Weigh In On 374Water

A number of institutional investors have recently modified their holdings of the company. Virtu Financial LLC acquired a new stake in 374Water in the 4th quarter valued at $26,000. Sigma Planning Corp raised its holdings in 374Water by 15.4% during the first quarter. Sigma Planning Corp now owns 52,353 shares of the company’s stock worth $149,000 after buying an additional 7,000 shares during the last quarter. Jane Street Group LLC acquired a new position in 374Water during the second quarter worth $28,000. D.A. Davidson & CO. lifted its stake in shares of 374Water by 24.0% in the first quarter. D.A. Davidson & CO. now owns 135,482 shares of the company’s stock valued at $385,000 after buying an additional 26,188 shares in the last quarter. Finally, Two Sigma Investments LP bought a new position in shares of 374Water in the third quarter valued at $41,000. 12.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of 374Water in a report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, Based on data from 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.