DevvStream (NASDAQ:DEVS) Shares Up 10.5% – Here’s Why

DevvStream Corp. (NASDAQ:DEVS) shares shot up 10.5% during trading on Wednesday . The stock traded as high as $0.9190 and last traded at $0.6651. 58,796,073 shares traded hands during trading, an increase of 36% from the average session volume of 43,275,540 shares. The stock had previously closed at $0.6017.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of DevvStream in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

DevvStream Stock Up 10.5%

The company has a market capitalization of $3.55 million, a PE ratio of -0.43 and a beta of 0.36. The stock’s fifty day simple moving average is $0.41 and its 200-day simple moving average is $0.92.

DevvStream (NASDAQ:DEVS) last issued its earnings results on Friday, March 13th. The company reported ($0.80) earnings per share (EPS) for the quarter. The business had revenue of $0.01 million for the quarter.

Institutional Trading of DevvStream

A hedge fund recently bought a new stake in DevvStream stock. DRW Securities LLC bought a new stake in DevvStream Corp. (NASDAQ:DEVS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & 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 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 75.79% of the company’s stock.

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.