Here’s Why Rising Technology Leader iQSTEL Is One of the More Exciting Stocks on the OTCQX Market Right Now
Organizations that are pushing the boundaries of the Internet of Things are increasingly some of the most exciting stocks you can invest in today. Of those, one that has particularly caught our attention over the past six months is telecom and tech innovator iQSTEL – and its potential for growth is itself growing by the day. iQSTEL is traded currently on the OTCQX stock market as IQST.
In a recent letter from CEO Leandro Iglesias to shareholders, the US-based cutting-edge telecommunications and tech business reported enormous growth in revenue: Iglesias announced an impressive increase of more than 4% to the company’s 2021 revenue forecast, raising it from $60.5 million to $63 million after reaching $58 million at the end of November this year.
It puts the business on track for an even greater 2022. In the same letter, Iglesias also revealed that the business is now working towards an ambitious forecast for the year ahead, with a preliminary forecast for 2022 of $80 million – and that is based on the organization’s telecoms business alone, thanks to its pending acquisition of Smartbiz.
Iglesias also revealed that the business intends to add a further $80 million to that forecast through the other arms of the business, too. It seems realistic: the potential of the business becomes clear when you take a closer look at the industries it is currently investing in and gaining traction in, with the company focusing its leading tech ventures under its two specialist B2B and B2C business divisions of connectivity and mobility.
Just some of those recent industry-leading investments in the connectivity arm of the business include Blockchain brand itsBchain and IoT Labs, which has in the last few months completed a successful initial deployment of 2,500 of its IoTsmartTank devices for a Fortune 500 Chemical Company.
Meanwhile, under the mobility business division, the business is making waves in fintech, next-gen motorcycle, and electric vehicle investments. The organization is currently working towards the launch of the EVoss Electric Motorcycle ecosystem for Latin America this year, it is also currently delivering the IoT connectivity devices and displays, as well as batteries, for Revolt Electric Motorcycles – a leader in clean energy commutes.
These are all wise areas to invest in right now, to get in on from the ground up. The global market for electric vehicles was valued at $162.34 billion in 2019 and is projected to reach an enormous $802.81 billion by 2027, while the blockchain market size was valued at just $2.01 billion in 2019 and is projected to reach an incredible $69.04 billion by 2027 – an astounding CAGR of 56.1%.
The business is also set for its highly anticipated NASDAQ Up-listing, with the iQSTEL Independent Board of Directors has just given the mandate to the Management to initiate the company’s Up-listing process, with a target to achieve the listing in the first half of 2022.
So, what does this mean for the future of the company? The stock of iQSTEL has previously risen to a $2 price point, and with the upward trajectory the business is on now, it is highly possible that its stock price could rise to this price once again – a great gain from its current position, but a value it has reached in the past and seems realistic to do so again.
After all, the areas of the industry it is currently investing in are all set to grow at an extremely impressive rate. Right now, iQSTEL is an investment as smart as the technology it is pushing the boundaries of.
DISCLAIMER: This article is strictly the author’s opinion. all stocks involve risks and the possibility of losing all of your investment. please consider all risks before investing and consult with an investment advisor if you lack experience. article provided in part by strategic innovations who are paid for by the companies for social media and research.