374Water (NASDAQ:SCWO) Trading Down 4.3% – What’s Next?

374Water Inc. (NASDAQ:SCWO) shares traded down 4.3% during trading on Monday . The stock traded as low as $2.97 and last traded at $3.10. 142,777 shares were traded during mid-day trading, an increase of 141% from the average daily volume of 59,334 shares. The stock had previously closed at $3.24.

Analyst Upgrades and Downgrades

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

374Water Trading Down 4.3%

The company has a debt-to-equity ratio of 0.93, a current ratio of 1.67 and a quick ratio of 1.22. The business has a fifty day moving average of $2.46 and a 200-day moving average of $2.54. The stock has a market capitalization of $54.93 million, a price-to-earnings ratio of -4.37 and a beta of -0.32.

374Water (NASDAQ:SCWO) last released its earnings results on Friday, August 14th. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.05. The business had revenue of $2.26 million for the quarter, compared to analyst estimates of $0.50 million.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. D.A. Davidson & CO. increased its position 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 worth $385,000 after acquiring an additional 26,188 shares in the last quarter. BlackRock Inc. acquired a new position in shares of 374Water in the second quarter worth $227,000. Finally, Sigma Planning Corp increased its position in 374Water by 15.4% in the 1st quarter. Sigma Planning Corp now owns 52,353 shares of the company’s stock worth $149,000 after purchasing an additional 7,000 shares during the last quarter. 12.16% of the stock is currently owned by institutional investors and hedge funds.

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.