DevvStream (NASDAQ:DEVS) Posts Quarterly Earnings Results

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

DevvStream Trading Up 2.3%

NASDAQ:DEVS opened at $0.27 on Tuesday. DevvStream has a 12-month low of $0.11 and a 12-month high of $10.10. The stock’s 50 day simple moving average is $0.37 and its 200-day simple moving average is $0.86. The firm has a market cap of $1.42 million, a P/E ratio of -0.17 and a beta of 0.36.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On DevvStream

An institutional investor recently bought a new position in DevvStream stock. DRW Securities LLC acquired a new stake in DevvStream Corp. (NASDAQ:DEVS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 Securities and Exchange Commission. 75.79% of the stock is owned by hedge funds and other institutional investors.

About DevvStream

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.