374Water (NASDAQ:SCWO) Shares Down 2.5% – Here’s Why

374Water Inc. (NASDAQ:SCWO) shares traded down 2.5% during mid-day trading on Wednesday . The company traded as low as $1.87 and last traded at $1.94. Approximately 49,456 shares changed hands during mid-day trading, a decline of 24% from the average session 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 note on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

374Water Stock Down 2.5%

The company has a current ratio of 1.42, a quick ratio of 0.93 and a debt-to-equity ratio of 0.18. The company has a 50-day simple moving average of $2.29 and a 200 day simple 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.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SCWO. Virtu Financial LLC bought a new stake in 374Water during the 4th quarter valued at $26,000. Qube Research & Technologies Ltd bought a new position in shares of 374Water during the 2nd quarter worth $93,000. CW Advisors LLC purchased a new position in shares of 374Water during the second quarter valued at $117,000. Marshall Wace LLP purchased a new position in shares of 374Water during the second quarter valued at $57,000. Finally, Two Sigma Investments LP bought a new stake in shares of 374Water in the third quarter valued at about $41,000. Institutional investors own 12.16% of the company’s stock.

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.