December 23, 2021 -- InvestorsHub NewsWire -- via Prime Time Profiles -- 

By Primetime Editorial Feature

  • IQST Could Reach The $3 Nasdaq Minimum Listing Price

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 world.
  • 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 next year.
  • 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 Price

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. (see NYU/Stern Study)

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 fintech parade:”:

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/


Other stocks on the move include ILUS, AABB, and CYDY

SOURCE: Prime Time Profiles

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