374Water (NASDAQ:SCWO) Releases Earnings Results, Misses Expectations By $0.01 EPS

374Water (NASDAQ:SCWO) announced its quarterly earnings results on Thursday. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01), Zacks reports. The company had revenue of $0.01 million during the quarter, compared to analysts’ expectations of $0.10 million.

374Water Stock Performance

NASDAQ:SCWO opened at $0.36 on Friday. The stock has a market capitalization of $47.77 million, a PE ratio of -4.48 and a beta of -0.01. 374Water has a fifty-two week low of $0.30 and a fifty-two week high of $1.99. The company has a fifty day moving average of $0.40 and a two-hundred day moving average of $0.92.

Analysts Set New Price Targets

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

Insider Activity

In related news, major shareholder Yaacov Nagar sold 69,570 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $0.68, for a total value of $47,307.60. Following the transaction, the insider now directly owns 37,050,752 shares of the company’s stock, valued at approximately $25,194,511.36. This trade represents a 0.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 521,226 shares of company stock worth $269,744 over the last 90 days. 54.32% of the stock is currently owned by company insiders.

About 374Water

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.