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Duos Technologies Group, Inc. (DUOT) Moves 5.8% Higher: Will This Strength Last?
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Duos Technologies Group, Inc. (DUOT - Free Report) shares soared 5.8% in the last trading session to close at $8.61. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 20.4% loss over the past four weeks.
The stock recorded this price increase as the company benefits from a GPU-as-a-Service contract with Hydra Host, the expansion of the modular Edge Data Center platform in an underserved market and strength in its Technology Solutions segment.
This company is expected to post quarterly loss of $0.02 per share in its upcoming report, which represents a year-over-year change of +93.3%. Revenues are expected to be $10.7 million, up 86.4% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Duos Technologies Group, 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 DUOT going forward to see if this recent jump can turn into more strength down the road.
Duos Technologies Group, Inc. belongs to the Zacks Technology Services industry. Another stock from the same industry, Amprius Technologies (AMPX - Free Report) , closed the last trading session 1.4% higher at $9.6. Over the past month, AMPX has returned -23.5%.
For Amprius, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.03. This represents a change of +40% from what the company reported a year ago. Amprius currently has a Zacks Rank of #3 (Hold).
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Duos Technologies Group, Inc. (DUOT) Moves 5.8% Higher: Will This Strength Last?
Duos Technologies Group, Inc. (DUOT - Free Report) shares soared 5.8% in the last trading session to close at $8.61. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 20.4% loss over the past four weeks.
The stock recorded this price increase as the company benefits from a GPU-as-a-Service contract with Hydra Host, the expansion of the modular Edge Data Center platform in an underserved market and strength in its Technology Solutions segment.
This company is expected to post quarterly loss of $0.02 per share in its upcoming report, which represents a year-over-year change of +93.3%. Revenues are expected to be $10.7 million, up 86.4% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Duos Technologies Group, 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 DUOT 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 >>>>
Duos Technologies Group, Inc. belongs to the Zacks Technology Services industry. Another stock from the same industry, Amprius Technologies (AMPX - Free Report) , closed the last trading session 1.4% higher at $9.6. Over the past month, AMPX has returned -23.5%.
For Amprius, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.03. This represents a change of +40% from what the company reported a year ago. Amprius currently has a Zacks Rank of #3 (Hold).