374Water (NASDAQ:SCWO) Announces Earnings Results

374Water (NASDAQ:SCWO) posted its quarterly earnings results on Thursday. The company reported ($0.03) earnings per share for the quarter, Zacks reports.

374Water Trading Down 7.6 %

NASDAQ SCWO traded down $0.03 during mid-day trading on Thursday, hitting $0.36. The company’s stock had a trading volume of 987,287 shares, compared to its average volume of 190,425. The firm has a market capitalization of $47.77 million, a price-to-earnings ratio of -4.48 and a beta of -0.01. The company’s 50 day simple moving average is $0.41 and its 200 day simple moving average is $0.92. 374Water has a twelve month low of $0.30 and a twelve month high of $1.99.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, major shareholder Yaacov Nagar sold 61,268 shares of the stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $0.63, for a total value of $38,598.84. Following the completion of the sale, the insider now directly owns 36,989,484 shares of the company’s stock, valued at $23,303,374.92. This represents a 0.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 521,226 shares of company stock worth $269,744. Insiders own 54.32% of the company’s stock.

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.