One Stop Systems, Inc. (OSS Quick QuoteOSS - Free Report) shares ended the last trading session 37.5% higher at $8.87. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 66.2% gain over the past four weeks.

One Stop Systems extended its rally for the second straight day, driven by optimism over its prospects in the fast growing Edge Computing space. The company’s expanding customer base is also well diversified. Moreover, frequent military program wins is a key catalyst.

Price and Consensus

This company is expected to post quarterly earnings of $0.06 per share in its upcoming report, which represents a year-over-year change of -14.3%. Revenues are expected to be $13.25 million, down 28.1% from the year-ago quarter.

Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.

For One Stop Systems, Inc.,the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on OSS going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank 3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>