iQSTEL (NASDAQ:IQST) Releases Quarterly Earnings Results

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

iQSTEL Stock Performance

iQSTEL stock opened at $1.81 on Tuesday. iQSTEL has a one year low of $1.48 and a one year high of $18.68. The business has a fifty day moving average of $2.03 and a two-hundred day moving average of $3.66. The company has a market cap of $8.28 million and a P/E ratio of -1.20.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of iQSTEL in a research report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $18.00.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in IQST. Geode Capital Management LLC purchased a new position in iQSTEL in the second quarter valued at about $288,000. Cetera Investment Advisers purchased a new position in iQSTEL in the second quarter valued at about $148,000. Finally, DRW Securities LLC increased its holdings in iQSTEL by 74.2% in the fourth quarter. DRW Securities LLC now owns 32,001 shares of the company’s stock valued at $93,000 after buying an additional 13,628 shares in the last quarter.

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.