After a brief pullback last Wednesday, shares are currently higher by roughly 46% and are again breaching the dollar level at
In fact, the stock price is not only reacting to an expected surge in YoY revenues but also to the expectation of higher profit margins from a consolidation of its subsidiary assets under a single brand. Moreover, after recently eliminating all debt earlier this year, IQST expects to have a cash reserve exceeding
Better still, the spike in revenues is only one reason the stock can extend its gains.
A Strong Start To 2021
Understandably, 2021 revenue to date is attracting attention. However, in addition to January and February revenues keeping IQST on pace to reach its
Better still is the proof that IQST can grow its business. In less than a decade, iQSTEL has turned a startup Telecommunications venture into a projected
Moreover, its planned uplist to the NASDAQ market would likely enhance its value. Expectations are that its chosen investment banking partner would facilitate introductions to institutional investment groups both pre and post uplisting that would more appropriately value its operations. Already, on a revenues multiple, the stock appears to be considerably undervalued to its peers. The great news is that iQSTEL said it plans to engage an investment banking firm by the end of April.
A Rally Cry In Action
If so, IQST's share price may be ripe for gains. And, deservedly so. Beyond the two deals above, IQST is also accelerating opportunities through agreements that leverage its expertise in Telecommunications, Electric Vehicle (EV), Liquid Fuel Distribution, Chemical, and
Notably, the company intends to commence a field test of its two-way, Internet of Things (IoT) communication device targeting a chemical industry (www.iotsmartTank.com) application that integrates a back and front-end platform to run as a Mobile App. The test is expected to start next month, and upon meeting this Fortune 500 client's requirements, the anticipated manufacture and shipping of an initial 2500 devices could happen later this year. Investors may get more guidance on pricing after the tests are completed.
By the way, the product being tested is a great one. In fact, its SmartGas® solution has been selected as the winner of the "Smart Appliance Product of the Year" award in the 5th annual IoT Breakthrough Awards program conducted by IoT Breakthrough, a distinction that recognizes its value in the global Internet-of-Things (IoT) market today. Incidentally, IQST competed with contributions from some of the world's leading tech companies, including
Creating Its Path In 2021
Now, IQST is taking accolades, subsidiary expansion, and accretive agreements to the next level. Revenues are surging, IQST expects to post record sales in 2021, and the company's strong cash position should help them accelerate accretive merger and acquisition opportunities. Thus, at roughly
Here's what investors should know. As shown in February, IQST stock can run higher quickly. In fact, a more than 41% intraday spike sent prices touching the
In the meantime, returning back toward the
Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.
Additional Disclaimers: Hawk Point Media is responsible for the production and distribution of this content. Hawk Point Media is not operated by a licensed broker, a dealer, or a registered investment adviser. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. Our reports/releases are a commercial advisement and are for general information purposes ONLY. We are engaged in the business of marketing and advising companies for monetary compensation. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. The information made available by Hawk Point Media is not intended to be, nor does it constitute, investment advice or recommendations. The contributors may buy and sell securities before and after any particular article, report and publication. In no event shall Hawk Point Media be liable to any member, guest or third pay for any damages of any kind arising out of the use of any content or other material published or made available by Hawk Point Media, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Hawk Point Media was compensated three-thousand-five-hundred-dollars by wire transfer to produce research, video, email, newsletters, and editorial commentary for
The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results.Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled.
Media Contact
Company
Contact Person: KL Feigeles
Email: editorial@hawkpointmedia.com
City:
State:
Country:
Website: https://www.greenlightstocks.com
.
(C) 2021 M2 COMMUNICATIONS, source