374Water (NASDAQ:SCWO) Trading 5.4% Higher – Should You Buy?

374Water Inc. (NASDAQ:SCWO)’s stock price shot up 5.4% during trading on Tuesday . The company traded as high as $1.58 and last traded at $1.56. 171,656 shares were traded during trading, an increase of 41% from the average session volume of 121,761 shares. The stock had previously closed at $1.48.

374Water Stock Performance

The business has a fifty day simple moving average of $1.28 and a 200 day simple moving average of $1.26. The stock has a market cap of $206.97 million, a price-to-earnings ratio of -26.00 and a beta of -0.36.

374Water (NASDAQ:SCWO) last posted its quarterly earnings data on Thursday, August 15th. The company reported ($0.02) EPS for the quarter, meeting analysts’ consensus estimates of ($0.02). The company had revenue of $0.04 million for the quarter.

Institutional Investors Weigh In On 374Water

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in 374Water by 13.3% during the first quarter. Vanguard Group Inc. now owns 3,382,249 shares of the company’s stock worth $4,262,000 after acquiring an additional 396,756 shares during the last quarter. Privium Fund Management B.V. purchased a new position in shares of 374Water during the 2nd quarter worth $33,000. Finally, SG Americas Securities LLC purchased a new position in shares of 374Water during the 3rd quarter worth $30,000. 12.16% of the stock is currently owned by hedge funds and other institutional investors.

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.