Shares of iQSTEL Inc (OTCMKTS:IQST) have been moving within a narrow range over the past sessions.
Trading Data
On Monday, IQST stock fell 0.62% to $0.4820 with more than 465k shares, compared to its average volume of 1.31 million shares. The stock moved within a range of $0.4622 – 0.4979 after opening trading at $0.4979.
Recent News
iQSTEL Inc (OTCMKTS:IQST) on March 4, 2022, released a special letter to shareholders giving out details on world events along with its Nasdaq uplisting objective. CEO Leandro Iglesias said that even as the conflict ensues in Ukraine, the firm is on track to achieve its 2022 revenue goals. Iglesias added that the company is positive about the future.
iQSTEL, which is engaged in providing connectivity and mobility, believes that the two are fundamental to individual freedom. The company believes that the global immigration population is not served adequately by traditional telecommunications carriers.
The CEO opined that the company’s SMS and voice services, built with the immigrant population in mind, are more vital now. With international remittances becoming critical for the migrant population, iQSTEL’s new Global Money One MAXMO fintech ecosystem is a timely product. Furthermore, affordable electric transportation is becoming the need of the hour due to rising costs of fuel. This is where iQSTEL’s EVOSS EV Motorcycle rollout is imperative. The CEO also shared that the participation in Mobile World Congress in Barcelona helped in checking on the latest technology trends for the near term and long-term future.
iQSTEL believes that Fintech solutions are critical and hence it is pushing the global launch of its MAXMO offering. With EV connectivity being a part of the Mobile World Congress, the firm views its EV connectivity amongst the best in the market.
Technical Data
IQST stock is trading below the 20-Day and 50-Day Moving averages of $0.52 and $0.60 respectively. The stock is trading in the neutral zone with RSI stands at 38.
