Set Your Sights On 374Water Inc (NASDAQ: SCWO)’S Upside Potential

374Water Inc (SCWO) concluded trading on Wednesday at a closing price of $0.47, with 57.65 million shares of worth about $27.1 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -53.43% during that period and on Wednesday the price saw a gain of about 35.99%. Currently the company’s common shares owned by public are about 144.68M shares, out of which, 72.56M shares are available for trading.

Stock saw a price change of 50.79% in past 5 days and over the past one month there was a price change of 75.34%. Year-to-date (YTD), SCWO shares are showing a performance of -30.41% which decreased to -62.60% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.25 but also hit the highest price of $1.99 during that period. The average intraday trading volume for 374Water Inc shares is 246.08K. The stock is currently trading 48.81% above its 20-day simple moving average (SMA20), while that difference is up 53.26% for SMA50 and it goes to -41.65% lower than SMA200. 374Water Inc (NASDAQ: SCWO) currently have 144.68M outstanding shares and institutions hold larger chunk of about 12.29% of that.

The stock has a current market capitalization of $68.73M and its 3Y-monthly beta is at -0.22. It has posted earnings per share of -$0.10 in the same period. It has Quick Ratio of 3.41 while making debt-to-equity ratio of 0.05. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SCWO, volatility over the week remained 14.33% while standing at 9.77% over the month.

Analysts are in expectations that 374Water Inc (SCWO) stock would likely to be making an EPS of 0 in the current quarter, while forecast for next quarter EPS is 0 and it is 0 for next year. For the current quarter EPS, analysts have given the company a lowest target 0 which is 0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -0.02 in the same quarter a year ago.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Maxim Group on January 03, 2024 offering a Buy rating for the stock and assigned a target price of $3 to it.

Related Posts

Life Telegraph
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.