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We are quite glad we bought more of $IQST recently, today it was up 31%. The fact is it’s an undervalued stock, their revenue forecast is really quite good. The catalyst today is also that they are seeking to uplist to the NASDAQ.
As of July 1, 2021, with the official addition of the three new independent Board Members, iQSTEL’s Board of Directors will be majority independent meeting another one of Nasdaq’s listing requirements advancing iQSTEL one more step toward its up-listing objective.
I like how well diversified this company is in IoT, 5G, blockchain and VOIP verticals. $5.14 Million in revenue for May 2021. The preliminary accounting results for May 2021 show a 16% increase in revenue over May 2020. I think we can expect them to have a good year in 2022. They came so sharply down since the February highs that at $0.50 they were simply too good to resist.
Now after a sharp leg higher, they are already $0.72. I don’t think its the end of the run-up, I expect them to go higher this week.
It’s hard to get a feeling of exactly what they do, because it’s a lot of different things. They are an internet company and a tech company.
- They provides telecom and technology solutions. It provides international long-distance voice services (ILD wholesale) for telecommunications operator; and submarine fiber optic network capacity for internet, such as 4G and 5G.
- The company offers voice over IP connectivity, short messages service (SMS), and international and domestic SMS termination services.
- It also provides infrastructure connectivity, Cloud-PBX, OmniChannel marketing, Internet of Things services, and blockchain and payment solutions.
Founded in 2011, ten years is usually the sweet spot for growing companies. For the meme hype they company also has considerable entry into the EV and blockchain space and I like that diversification.
The Company has an extensive portfolio of products and services for its clients: SMS, VoIP, international fiber-optic connectivity for 5G, Cloud-PBX, OmniChannel Marketing, EV Batteries, EV Chargers, EV Battery Management System, EV IoT Connectivity, Mobile App For EV Connectivity,
EV Dashboard Display, IoT Smart Gas Platform, IoT Smart Tank Platform, Visa Debit Card, Money Remittance, Mobile Top Up, Cryptocurrency Exchange Services, Mobile Number Portability Application MNPA (Blockchain Platform) and Settlement & Payments Marketplace SPM (Blockchain Platform).
It’s honestly a bit hard to tell which of those might be viable long-term but I like the 5G, IoT angle too.
In February, 2021 they reached as high as $1.85. I think their true resting place is in the area between $2 and 3$ long-term. They offer leading-edge telecommunication, technology and fintech services for global markets, with presence in 15 countries. That’s pretty impressive for a penny stock eh?
This is my stock alert of the day, in the future of all of these will be on Stock Quest. This is not financial advice, but for me personally this is a buy below $0.75 and moreover under $0.60. Real revenue growth and possible innovation is occurring here.
The total revenue (unaudited) for the first 5 months of the year through May 2021 is $24.6 Million YTD. For a penny stock, that’s music to my ears. They are also up to weird mischief. iQSTEL is working with ALYI’s MODUS EV design team to create an EV-Battery, IoTSmartEV device and Motorcycle Dashboard Display.
Management is pleased with the performance of all operating subsidiaries and confident the company is on track to to achieve its $60.5 Million revenue forecast. It’s good PR and decent business diversification. I feel pretty safe not selling this off even as rare as a 30% increase in a single day is in the summer of 2021.
Buy low sell high, with penny stocks that many more multiples of ROI. Think straight, don’t let that pandemic brain fog get to you. Investing is still a game of fundamentals. So I actually believe management’s good predictions here.
iQSTEL continues with its current high growth telecommunications and technology business plan expanding upon a solid operational foundation that generated over $44 million in revenue in 2020, now driving toward a forecasted $60.5 million in revenue for 2021 developing new high margin products and services that include MNPA (BlockChain), IoTSmartTank, Visa/Mastercard debit card, Cryptocurrencies Exchange Services, Remittances, EV Batteries solutions, EV Charging, and EV IoT Connectivity.
With a NASDAQ uplisting, this is a stock that immediately goes to $1.50 with the potential to surge above $3. That’s about where I’d sell it or hold it more for the long-term. I hope that helps, share this content if you know someone who might appreciate such a stock alert.
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