374Water (NASDAQ:SCWO) Stock Price Down 2.6%

374Water Inc. (NASDAQ:SCWO)’s share price traded down 2.6% during mid-day trading on Tuesday . The stock traded as low as $1.10 and last traded at $1.14. 52,250 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 115,759 shares. The stock had previously closed at $1.17.

374Water Stock Performance

The stock has a 50-day simple moving average of $1.28 and a 200 day simple moving average of $1.29.

374Water (NASDAQ:SCWO) last announced its quarterly earnings data on Wednesday, May 15th. The company reported ($0.02) EPS for the quarter, meeting analysts’ consensus estimates of ($0.02). The company had revenue of $0.32 million for the quarter.

Hedge Funds Weigh In On 374Water

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SCWO. Vanguard Group Inc. raised its position in shares of 374Water by 13.3% in the first quarter. Vanguard Group Inc. now owns 3,382,249 shares of the company’s stock valued at $4,262,000 after purchasing an additional 396,756 shares during the period. Icon Wealth Advisors LLC acquired a new stake in 374Water in the 4th quarter valued at approximately $1,628,000. D.A. Davidson & CO. increased its position in 374Water by 8.7% in the 4th quarter. D.A. Davidson & CO. now owns 255,165 shares of the company’s stock worth $362,000 after buying an additional 20,440 shares during the period. TFO Wealth Partners LLC lifted its holdings in shares of 374Water by 108.4% during the fourth quarter. TFO Wealth Partners LLC now owns 247,192 shares of the company’s stock worth $351,000 after buying an additional 128,596 shares during the last quarter. Finally, Oceanside Advisors LLC boosted its position in shares of 374Water by 90.9% in the first quarter. Oceanside Advisors LLC now owns 200,000 shares of the company’s stock valued at $252,000 after acquiring an additional 95,238 shares during the period. Institutional investors own 12.16% of the company’s stock.

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.