IQST - $0.60 Sleeper Stock Set To Explode In Fintech Parade Of Decacorn IPO's
December 23, 2021 -- InvestorsHub NewsWire -- via Prime
Time Profiles --
Editorial / Feature
- IQST Could Reach The $3 Nasdaq Minimum Listing
iQSTEL, Inc. (OTCQX:
IQST) is a telecommunications company leveraging a $60 million
annual revenue foundation to expand into fintech and more.
From the IQST CEO Leandro Iglesias:
- We believe iQSTEL’s combined operations are uniquely
positioned to serve an increasingly mobile and connected
- iQSTEL provides connectivity through its B2B iQSTelecom
Division which includes our Telecommunications, Internet of Things,
and Blockchain products and services.
- iQSTEL provides mobility through its B2C EVOSS Division
which includes our EV Motorcycles and Fintech Mastercard Ecosystem
products and services.
- IQST has announced reaching an anticipated $63 million in
revenue for 2021 beating their $60 million forecast.
- The company has also announced a $90 million forecast for
- IQST now expects to imminently close a strategic $50
million investment and subsequently up-list to Nasdaq.
Add $50 million to the IQST balance sheet and the current market
cap should go from a $90 million plus range to $150 million taking
the share price over one dollar.
IQST Could Reach The $3 Nasdaq Minimum Listing
The $150 million market cap valuation could be low if you think
the current share price is under valued at $0.60 now. There is a
strong argument that the company is currently undervalued. Telecom
companies have an average price to sales ratio over 2, and
financial services have an average price to sales ratio over 3, and
software companies have an average price to sales ratio over 11.
IQST can be consider in all those categories and it has a price to
sales ration of just over 1 at this time. IQST has the potential to
reach the $3 Nasdaq minimum listing price without a reverse split.
With the overall stock market going sideways in the second half
of 2021, a number of anticipated IPO’s have been delayed. 2022
could bring pent-up IPO demand. Fintech is shaping up to
potentially be one of the hottest IPO sectors in 2022.
MarketWatch characterized the coming year as “a
“The year ahead could bring “five or six massive ‘decacorn’”
IPOs in the fintech space, said [Rainmaker Securities managing
director Greg Martin], acknowledging that Stripe’s would actually
be a “centicorn” deal given that the company is hovering around a
$100 billion valuation.”
Consider IQST’s expansion into the fintech space and the
corresponding potential to catch a decacorn IPO wave, and a PPS
increase from $0.60 to $3.00 may be conservative.
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Source - https://primetimeprofiles.com/iqst-0-60-sleeper-stock-set-to-explode-in-fintech-parade-of-decacorn-ipos/
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