374Water (NASDAQ:SCWO) Shares Down 4.3% – Should You Sell?

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

Analyst Ratings Changes

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

374Water Price Performance

The company’s 50-day moving average price is $2.48 and its 200-day moving average price is $2.54. The company has a quick ratio of 1.22, a current ratio of 1.67 and a debt-to-equity ratio of 0.93. The firm has a market cap of $57.15 million, a price-to-earnings ratio of -4.54 and a beta of -0.32.

374Water (NASDAQ:SCWO) last announced its earnings results on Friday, August 14th. The company reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.05. The business had revenue of $2.26 million for the quarter, compared to analysts’ expectations of $0.50 million.

Institutional Trading of 374Water

Hedge funds have recently modified their holdings of the stock. Sigma Planning Corp increased its holdings in 374Water by 15.4% during 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 period. BlackRock Inc. purchased a new position in shares of 374Water in the 2nd quarter valued at about $227,000. Finally, D.A. Davidson & CO. boosted its stake in shares of 374Water by 24.0% in the 1st 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 period. 12.16% of the stock is currently owned by institutional investors and hedge funds.

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.