DevvStream (NASDAQ:DEVS) Shares Up 10.5% – Should You Buy?

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

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Analysis on DEVS

DevvStream Price Performance

The business has a 50 day moving average price of $0.40 and a two-hundred day moving average price of $0.92.

DevvStream (NASDAQ:DEVSGet Free Report) last released its quarterly earnings data on Friday, March 13th. The company reported ($0.80) earnings per share for the quarter. The firm had revenue of $0.01 million during the quarter.

Institutional Investors Weigh In On DevvStream

A hedge fund recently bought a new stake in DevvStream stock. DRW Securities LLC bought a new position in DevvStream Corp. (NASDAQ:DEVSFree Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 68,746 shares of the company’s stock, valued at approximately $94,000. DRW Securities LLC owned approximately 1.79% of DevvStream at the end of the most recent quarter. 75.79% of the stock is currently owned by hedge funds and other institutional investors.

About DevvStream

(Get Free Report)

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.

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