DevvStream (NASDAQ:DEVS) Issues Quarterly Earnings Results

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

DevvStream Price Performance

NASDAQ:DEVS opened at $0.90 on Friday. The company has a 50 day moving average price of $1.01 and a 200-day moving average price of $1.65. DevvStream has a 1-year low of $0.74 and a 1-year high of $13.50. The firm has a market cap of $3.48 million, a price-to-earnings ratio of -0.34 and a beta of 0.58.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued 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, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Institutional Trading of DevvStream

A hedge fund recently bought a new stake in DevvStream stock. DRW Securities LLC acquired a new stake in DevvStream Corp. (NASDAQ:DEVS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 68,746 shares of the company’s stock, valued at approximately $94,000. DRW Securities LLC owned approximately 1.79% of DevvStream as of its most recent filing with the Securities and Exchange Commission (SEC). 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.