iQSTEL (NASDAQ:IQST) Releases Quarterly Earnings Results, Misses Expectations By $0.17 EPS

iQSTEL (NASDAQ:IQSTGet 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.

Check Out Our Latest Stock Analysis on iQSTEL

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

(Get Free Report)

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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