DevvStream (NASDAQ:DEVS) Releases Quarterly Earnings Results

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

DevvStream Price Performance

Shares of NASDAQ:DEVS traded up $0.07 during midday trading on Friday, reaching $0.90. 38,746,102 shares of the company’s stock were exchanged, compared to its average volume of 42,709. The stock has a market cap of $3.47 million, a price-to-earnings ratio of -0.34 and a beta of 0.58. DevvStream has a fifty-two week low of $0.74 and a fifty-two week high of $13.50. The firm’s 50 day simple moving average is $1.01 and its two-hundred day simple moving average is $1.65.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On DevvStream

An institutional investor recently bought a new position in DevvStream stock. DRW Securities LLC acquired a new position in shares of DevvStream Corp. (NASDAQ:DEVS) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 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 filing with the SEC. 75.79% of the stock is currently owned by 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.