DevvStream (NASDAQ:DEVS) Posts Quarterly Earnings Results

DevvStream (NASDAQ:DEVS) issued its quarterly earnings data on Monday. The company reported ($0.64) EPS for the quarter, Zacks reports.

DevvStream Stock Performance

Shares of DevvStream stock traded up $0.01 during trading on Monday, reaching $0.27. The company had a trading volume of 1,429,761 shares, compared to its average volume of 11,719,776. The company has a market cap of $1.42 million, a price-to-earnings ratio of -0.17 and a beta of 0.36. The firm’s fifty day moving average is $0.38 and its 200-day moving average is $0.87. DevvStream has a fifty-two week low of $0.11 and a fifty-two week high of $10.10.

Institutional Investors Weigh In On DevvStream

An institutional investor recently bought a new position in DevvStream stock. DRW Securities LLC bought a new stake in DevvStream Corp. (NASDAQ:DEVS) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 68,746 shares of the company’s stock, valued at approximately $94,000. DRW Securities LLC owned approximately 1.79% of DevvStream as of its most recent filing with the SEC. 75.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wall Street Zen upgraded shares of DevvStream to a “hold” rating in a report on Saturday, June 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of DevvStream in a report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

DevvStream Company Profile

DevvStream Holdings Inc is a carbon credit project co-development and generation firm specializing in technology-based solutions. DevvStream Holdings Inc, formerly known as Focus Impact Acquisition Corp., is based in NEW YORK.