DevvStream (NASDAQ:DEVS) Announces Earnings Results

DevvStream (NASDAQ:DEVS) posted its quarterly earnings results on Monday. The company reported ($0.64) earnings per share for the quarter, Zacks reports.

DevvStream Price Performance

NASDAQ:DEVS opened at $0.21 on Wednesday. The firm has a market capitalization of $1.12 million, a price-to-earnings ratio of -0.14 and a beta of 0.36. The company’s 50-day moving average is $0.37 and its two-hundred day moving average is $0.85. DevvStream has a 1-year low of $0.11 and a 1-year high of $10.10.

Hedge Funds 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 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 68,746 shares of the company’s stock, valued at approximately $94,000. DRW Securities LLC owned about 1.79% of DevvStream at the end of the most recent reporting period. Institutional investors and hedge funds own 75.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of DevvStream in a research report on Monday, April 20th. Wall Street Zen upgraded shares of DevvStream to a “hold” rating in a research report on Saturday, June 6th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average 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.