iQSTEL (NASDAQ:IQST – Get Free Report) issued its earnings results on Wednesday. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.17), FiscalAI reports. The company had revenue of $97.92 million during the quarter. iQSTEL had a negative return on equity of 44.58% and a negative net margin of 2.62%.
iQSTEL Stock Performance
Shares of IQST opened at $1.23 on Friday. The firm has a market cap of $6.22 million and a PE ratio of -0.46. The firm’s 50 day moving average price is $1.61 and its 200 day moving average price is $2.65. iQSTEL has a twelve month low of $1.21 and a twelve month high of $14.45.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of iQSTEL in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, iQSTEL presently has a consensus rating of “Hold” and an average target price of $18.00.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. DRW Securities LLC lifted its stake in shares of iQSTEL by 74.2% in the 4th quarter. DRW Securities LLC now owns 32,001 shares of the company’s stock valued at $93,000 after purchasing an additional 13,628 shares during the last quarter. Cetera Investment Advisers acquired a new position in shares of iQSTEL during the 2nd quarter valued at about $148,000. Finally, Geode Capital Management LLC bought a new stake in shares of iQSTEL during the 2nd quarter worth $288,000.
iQSTEL Company Profile
iQSTEL, Inc (NASDAQ: IQST) is a U.S.-based telecommunications company that operates a global connectivity platform for voice, data and messaging services. The company leverages cloud-native infrastructure to deliver international roaming solutions, prepaid mobile top-up services and eSIM provisioning. Its technology enables seamless wireless communications for both individual subscribers and business clients across a broad network of partner carriers.
The company’s core offerings include instant airtime reloads, cross-border mobile voice and data plans, machine-to-machine (M2M) connectivity and Internet of Things (IoT) solutions.
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