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374Water Inc. Common Stock(SCWO)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for SCWO
11/10/2026: SCWO (1-star) is currently NOT-A-BUY. Pass it for now.
374Water Inc. is an early-stage company specializing in supercritical water oxidation technology, which effectively destroys wastewater biosolids and pollutants like PFAS. Its primary strength lies in this proprietary, modular approach to waste management that offers a sustainable alternative to traditional landfilling. The investment story centers on the company’s potential to capture market share in a tightening regulatory environment for environmental cleanup. However, investors must consider high execution risks, significant cash burn, and intense competition from much larger waste management incumbents. The stock is best suited for growth-oriented investors with a high risk tolerance who are looking for exposure to environmental technology developments.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The company offers high-growth potential but lacks the revenue track record typical of established growth stocks. |
| Momentum investor | Strong fit while signal remains positive | The stock can exhibit high volatility, which momentum traders may exploit during periods of positive news cycles. |
| Value investor | Weak fit | The stock is currently unprofitable and lacks the traditional valuation metrics, such as P/E, to support a value-oriented thesis. |
| Dividend investor | Weak fit | The company does not pay dividends and focuses entirely on cash-intensive growth. |
| Low-risk investor | Weak fit | High volatility and early-stage business risks make this unsuitable for low-risk portfolios. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock is susceptible to significant price swings due to its small market capitalization. |
| Valuation risk | High | Without consistent earnings, valuation is driven more by speculation than tangible financial performance. |
| Competition risk (traditional waste management) | Medium / high | Large competitors have entrenched relationships and substantial financial resources. |
| Business quality | Medium | The company is still proving its technology at a commercial scale, making it an unproven business model. |
| Dividend income | Low / none | Investors should expect zero income from this position. |
| Execution risk | High | Delayed municipal contracts or technology underperformance could severely impact future operations. |
Price Behavior
Downtrend
The stock has experienced a sustained decline in price over recent periods.
Choppy
The stock has experienced frequent reversals and pronounced short-term price swings.
Analysis of Past Performance
Type Stock | Historic Profit -81.26% | Avg. Invested days 15 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/10/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 42.17M USD | Price to earnings Ratio - | 1Y Target Price 2.5 |
Price to earnings Ratio - | 1Y Target Price 2.5 | ||
Volume (30-day avg) 26.9K shares | Beta -0.34 | 52 Weeks Range 1.75 - 3.90 | Updated Date 11/10/2026 |
52 Weeks Range 1.75 - 3.90 | Updated Date 11/10/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1.19 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Waste Technology Sales & Service | Sale of AirSCWO units and recurring service/support agreements. | The company aims to profit from selling and maintaining specialized waste treatment machines. |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 45.56M | Price to Sales(TTM) 22.31 |
Enterprise Value 45.56M | Price to Sales(TTM) 22.31 | ||
Enterprise Value to Revenue 24.1 | Enterprise Value to EBITDA -105.86 | Shares Outstanding 17.72M | Shares Floating 10.19M |
Shares Outstanding 17.72M | Shares Floating 10.19M | ||
Percent Insiders 42.98 | Percent Institutions 10.78 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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