DevvStream Corp (NASDAQ: DEVS): Should Value Hunters Buy It?

The trading price of DevvStream Corp (NASDAQ:DEVS) closed lower on Tuesday, May 06, and closing at $0.19, -1.53% lower than its previous close.

In examining the 52-week price action we see that the stock hit a 52-week high of $15.48 and a 52-week low of $0.18. Over the past month, the stock has lost -4.60% in value.

DevvStream Corp, whose market valuation is $5.81 million at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable.

A quick review shows that DEVS’s price is currently -5.18% off the SMA20 and -29.20% off the SMA50. The RSI metric on the 14-day chart is currently showing 37.79, and weekly volatility stands at 18.98%. When measured over the past 30 days, the indicator reaches 14.33%. DevvStream Corp (NASDAQ:DEVS)’s beta value is currently sitting at -0.06, while the Average True Range indicator is currently displaying 0.03.

To see how DevvStream Corp stock has been performing in comparison to its peers in the industry, here are the numbers: DEVS stock’s performance was -1.53% in the latest trading, and -98.26% in the past year.

An evaluation of the daily trading volume of DevvStream Corp (NASDAQ:DEVS) indicates that the 3-month average is 615.57K.

Currently, records show that 28.34 million of the company’s shares remain outstanding. The insiders hold 52.00% of outstanding shares, whereasinstitutions hold 6.10%. However, since the stock’s price has seen -74.34% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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