374Water (NASDAQ:SCWO) Posts Earnings Results

374Water (NASDAQ:SCWO) posted its quarterly earnings data on Thursday. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01), Zacks reports. The firm had revenue of $0.01 million for the quarter, compared to analyst estimates of $0.10 million.

374Water Stock Down 7.6 %

Shares of NASDAQ SCWO opened at $0.36 on Friday. 374Water has a 52 week low of $0.30 and a 52 week high of $1.99. The business’s 50 day moving average price is $0.40 and its 200 day moving average price is $0.92. The firm has a market cap of $47.77 million, a P/E ratio of -4.48 and a beta of -0.01.

Insiders Place Their Bets

In other news, major shareholder Yaacov Nagar sold 144,860 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $0.43, for a total value of $62,289.80. Following the sale, the insider now owns 36,400,896 shares in the company, valued at $15,652,385.28. This represents a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 521,226 shares of company stock valued at $269,744. 54.32% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 374Water in a research report on Saturday, March 22nd.

374Water Company Profile

374Water Inc provides a technology that transforms wet wastes into recoverable resources in the United States. The company transforms wet wastes, including sewage sludge, biosolids, food waste, hazardous and non-hazardous waste, and forever chemicals. It offers AirSCWO systems, a waste stream treatment system based on supercritical water oxidation that are used to treat various hazardous and non-hazardous waste streams.