iQSTEL Inc. (NASDAQ:IQST) Short Interest Update

iQSTEL Inc. (NASDAQ:IQST) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 533,525 shares, a decrease of 33.8% from the July 30th total of 805,685 shares. Approximately 7.9% of the shares of the stock are short sold. Based on an average daily volume of 1,217,901 shares, the short-interest ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on IQST shares. Wall Street Zen lowered iQSTEL from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Zacks Research upgraded shares of iQSTEL from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 13th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of iQSTEL in a research report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $18.00.

Institutional Trading of iQSTEL

A number of large investors have recently modified their holdings of the business. DRW Securities LLC grew its holdings in shares of iQSTEL by 74.2% during the fourth quarter. DRW Securities LLC now owns 32,001 shares of the company’s stock worth $93,000 after purchasing an additional 13,628 shares in the last quarter. Geode Capital Management LLC purchased a new stake in iQSTEL in the second quarter valued at approximately $288,000. Finally, Cetera Investment Advisers bought a new stake in iQSTEL during the second quarter valued at approximately $148,000.

iQSTEL Stock Performance

iQSTEL stock opened at $0.91 on Thursday. The stock has a market cap of $9.94 million, a P/E ratio of -0.41 and a beta of 1.15. iQSTEL has a fifty-two week low of $0.87 and a fifty-two week high of $7.23. The firm’s fifty day moving average price is $1.08 and its 200-day moving average price is $1.39.

iQSTEL (NASDAQ:IQST) last posted its quarterly earnings data on Tuesday, August 18th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.15). iQSTEL had a negative net margin of 2.43% and a negative return on equity of 45.19%. The business had revenue of $109.07 million for the quarter. Sell-side analysts predict that iQSTEL will post -0.8 earnings per share for the current year.

iQSTEL Company Profile

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.