iQSTEL (NASDAQ:IQST) Issues Quarterly Earnings Results

iQSTEL (NASDAQ:IQST) issued its quarterly earnings results on Monday. The company reported ($0.92) earnings per share (EPS) for the quarter, FiscalAI reports. iQSTEL had a negative return on equity of 56.70% and a negative net margin of 2.50%.The firm had revenue of $84.22 million for the quarter.

iQSTEL Trading Down 8.6%

IQST opened at $1.65 on Wednesday. The company has a market cap of $7.57 million and a P/E ratio of -1.10. The business’s 50-day moving average price is $2.01 and its 200-day moving average price is $3.63. iQSTEL has a 12 month low of $1.48 and a 12 month high of $18.68.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of iQSTEL in a research note on Friday, March 27th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, iQSTEL presently has an average rating of “Hold” and a consensus price target of $18.00.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Cetera Investment Advisers purchased a new position in shares of iQSTEL during the second quarter valued at approximately $148,000. Geode Capital Management LLC purchased a new position in shares of iQSTEL during the 2nd quarter worth approximately $288,000. Finally, DRW Securities LLC grew its holdings in shares of iQSTEL by 74.2% during the 4th quarter. DRW Securities LLC now owns 32,001 shares of the company’s stock worth $93,000 after acquiring an additional 13,628 shares during the period.

About iQSTEL

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.