374Water (NASDAQ:SCWO) Stock Price Down 4.3% - Here's What Happened

Key Points

• 374Water shares fell 4.3% to $3.10 in mid-day trading, with volume rising 141% above the average daily level.
• Analyst sentiment remains negative: Weiss Ratings reaffirmed a “sell (e+)” rating, and the stock has an average “Sell” rating from analysts.
• Despite the decline, 374Water reported a quarterly loss of $0.15 per share, beating estimates of a $0.20 loss, while revenue of $2.26 million exceeded the $0.50 million consensus forecast.

374Water Inc. (NASDAQ:SCWO - Get Free Report)'s share price fell 4.3% during mid-day trading on Monday . The company traded as low as $2.97 and last traded at $3.10. Approximately 142,777 shares changed hands 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.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of 374Water in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, 374Water currently has an average rating of "Sell".

374Water Trading Down 4.3%

The firm has a market cap of $54.93 million, a P/E ratio of -4.37 and a beta of -0.32. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.22 and a current ratio of 1.67. The firm has a fifty day moving average of $2.46 and a 200-day moving average of $2.54.

374Water (NASDAQ:SCWO - Get Free Report) last posted its earnings results on Friday, August 14th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.20) by $0.05. The company had revenue of $2.26 million during the quarter, compared to the consensus estimate of $0.50 million.

Institutional Trading of 374Water

Several hedge funds have recently bought and sold shares of SCWO. Sigma Planning Corp grew 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. BlackRock Inc. bought a new stake in shares of 374Water during the second quarter valued at approximately $227,000. Finally, D.A. Davidson & CO. raised its holdings 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 valued at $385,000 after buying an additional 26,188 shares during the last quarter. 12.16% of the stock is currently owned by institutional investors.

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.

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