DevvStream (NASDAQ:DEVS) Releases Earnings Results

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

DevvStream Stock Up 2.3%

NASDAQ DEVS traded up $0.01 on Monday, hitting $0.27. The stock had a trading volume of 1,429,761 shares, compared to its average volume of 11,719,776. DevvStream has a one year low of $0.11 and a one year high of $10.10. The stock has a market cap of $1.42 million, a price-to-earnings ratio of -0.17 and a beta of 0.36. The company’s 50-day moving average is $0.38 and its two-hundred day moving average is $0.87.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DEVS. Wall Street Zen raised shares of DevvStream to a “hold” rating in a research report on Saturday, June 6th. Weiss Ratings reaffirmed 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 MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in DevvStream stock. DRW Securities LLC bought a new position in DevvStream Corp. (NASDAQ:DEVS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 quarter. Hedge funds and other institutional investors own 75.79% of the company’s stock.

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.