In the past week, DEVS stock has gone down by -2.35%, with a monthly decline of -30.72% and a quarterly plunge of -50.89%. The volatility ratio for the week is 9.54%, and the volatility levels for the last 30 days are 9.93% for DevvStream Corp The simple moving average for the past 20 days is -17.67% for DEVS’s stock, with a -94.18% simple moving average for the past 200 days.
Is It Worth Investing in DevvStream Corp (NASDAQ: DEVS) Right Now?
The 36-month beta value for DEVS is at -0.44.
The public float for DEVS is 3.13M, and currently, shorts hold a 7.29% of that float. The average trading volume for DEVS on February 21, 2025 was 3.51M shares.
DEVS) stock’s latest price update
DevvStream Corp (NASDAQ: DEVS)’s stock price has dropped by -6.15 in relation to previous closing price of 0.46. Nevertheless, the company has seen a loss of -2.35% in its stock price over the last five trading days. newsfilecorp.com reported 2025-02-03 that Invitation-only initiative directly connects leading international suppliers and enablers of carbon markets to Singapore-based corporates, as well as enabling carbon credit sales under Article 6 to countries with whom Singapore has signed an implementation agreement Calgary, Alberta–(Newsfile Corp. – February 3, 2025) – DevvStream Corp. (NASDAQ: DEVS) (“DevvStream” or the “Company”), a leading carbon credit project co-development and generation firm specializing in technology-based solutions, today announced its admittance into the Singapore Carbon Market Alliance (“SCMA”), an invitation-only platform developed by the Singapore Economic Development Board in cooperation with IETA, the first international, multi-sector organization devoted to pricing and trading greenhouse gas reductions commercially. The SCMA’s primary focus is on high-integrity carbon credits that are aligned with Article 6 of the Paris Agreement, which enables these credits to be traded to nations with whom Singapore has signed a cooperative implementation agreement.
DEVS Trading at -31.41% from the 50-Day Moving Average
After a stumble in the market that brought DEVS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -97.21% of loss for the given period.
Volatility was left at 9.93%, however, over the last 30 days, the volatility rate increased by 9.54%, as shares sank -25.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -44.90% lower at present.
During the last 5 trading sessions, DEVS fell by -2.35%, in comparison to the 20-day moving average, which settled at $0.5242. In addition, DevvStream Corp saw -42.61% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for DEVS
Equity return is now at value -14.56, with -9.65 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.02.
Conclusion
In conclusion, DevvStream Corp (DEVS) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
