iQSTEL Inc (IQST)

[adamski]

https://insiderfinancial.com/4-otc-stocks-on-the-move-celz-dsgt-iqst-pmpg/180804/

IQST is another OTC stock that we profiled back in October, but took some time to pay off. We said that IQST was an undervalued opportunity, which you can read here. IQST was trading around $.06 at the time.

We believe IQST still has more room to run as its current market cap is only $18.7 million. Year to date revenue is now $39,725,507 putting the company well on track to exceed its $42 million revenue projection for 2020.

IQST is also making shareholder-friendly moves after converting 21 million common shares held among the CEO, CFO, and chief commercial officer into Series B preferred shares, effectively reducing the outstanding share count by more than 22%. These Class B preferred shares have a one-year lock-up, and upon conversion, management has opted for a one-year leak out on the shares into the outstanding share count.

Back in October, Goldman Small Cap Research issued a research report with a $.54 a share price target on IQST.