DevvStream (NASDAQ:DEVS) Announces Quarterly Earnings Results

DevvStream (NASDAQ:DEVS) released its quarterly earnings results on Friday. The company reported ($0.80) EPS for the quarter, Zacks reports. The business had revenue of $0.01 million for the quarter.

DevvStream Trading Up 8.8%

Shares of DEVS traded up $0.07 during mid-day trading on Friday, reaching $0.90. The company’s stock had a trading volume of 38,746,102 shares, compared to its average volume of 42,709. DevvStream has a 52 week low of $0.74 and a 52 week high of $13.50. The stock has a market cap of $3.47 million, a PE ratio of -0.34 and a beta of 0.58. The company’s fifty day moving average price is $1.01 and its two-hundred day moving average price is $1.65.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of DevvStream in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Hedge Funds Weigh In On DevvStream

An institutional investor recently bought a new position in DevvStream stock. DRW Securities LLC purchased a new stake in shares of DevvStream Corp. (NASDAQ:DEVS) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 68,746 shares of the company’s stock, valued at approximately $94,000. DRW Securities LLC owned 1.79% of DevvStream as of its most recent SEC filing. 75.79% of the stock is owned by hedge funds and other institutional investors.

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.