DevvStream (NASDAQ:DEVS) Posts Quarterly Earnings Results
by Amy Steele · The Cerbat GemDevvStream (NASDAQ:DEVS – Get Free Report) 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”.
Get Our Latest Research Report on DEVS
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 – Free Report) 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.