IQST 200 Day MA Breakout - $0.067 Open - Now $0.083 On Volume - $0.54 TGT PPS
27 Octubre 2020 - 11:12AM
InvestorsHub NewsWire
iQSTEL, Inc. (USOTC:
IQST) -- October 27, 2020 -- via pennymillions/IQST
Goldman Small Cap Research today published
an Analyst Research Report on IQST with a $0.54 Price Per Share
(PPS) Target, nearly 10x yesterday’s closing at $0.067
PPS.
The IQST PPS as of this writing, had
broken its $0.083 200 day moving average reaching $0.085 on over 3
million shares of trading volume.
With only 78.2 million shares outstanding,
Goldman’s $0.54 PPS target reflects only 1x 2020E sales and 0.7x
2021E revenue – “upside to our targets and metrics are in the
cards,” reports Goldman.
Goldman
Small Cap Research Report
Highlights:
iQSTEL, Inc.
is a US-based, Next Generation Communications and Fintech Services
company with a presence in 13 countries. The Company offers a wide
range of cloud-based, enhanced services to Tier-1 and Tier-2
carriers, corporate, enterprise customers and the retail market.
Through its subsidiaries iQSTEL offers "one-stop-shopping". These
offerings include international and domestic VoIP services, IP-PBX
services, SMS exchange for A2P and P2P, OmniChannel Marketing,
Internet of Things (IoT) applications, 4G/5G international
infrastructure connectivity, and diversified blockchain-based
platforms.
IQST’s business model is innovative and
the Company is the beneficiary of current trends. These include 5G
deployment, and the introduction of new iPhone. Plus, the global
pandemic has prompted increases in SMS usage along with B2C fintech
expansion.
Revenue is projected to reach $42M in
2020, up from $18M last year, with sales hitting $60M in 2021 and
$80.7M in 2022. EPS of $0.04 and $0.13 are expected in 2021 and
2022, respectively.
Our price target of $0.54, or nearly 10x
the current price reflects a compelling valuation given that IQST
trades at a substantial discount to its peer group. Our target
reflects only 1x 2020E sales and 0.7x 2021E revenue and upside to
our targets and metrics are in the
cards.
See the full report at
www.goldmansmallcapresearch.com/IQST
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