NEW YORK, June 25, 2026, 15:01 EDT
- iQSTEL Inc. traded at $1.515, up 43.5 cents. Volume was close to 98.8 million shares during the session.
- That was nearly 15 times the shares outstanding according to Google Finance, and about 77 times its average volume there.
- The June 25 shareholder letter from the company said the ULTRANET deal could bring in $130 million a year in revenue and add $4.5 million to yearly net income.
- The 1 million-share buyback approval is about 15% of the listed shares out. A preferred-stock change on June 17 brings up another share-count complication.
iQSTEL Inc. (NASDAQ:IQST) shares surged Thursday with volume well above the stock’s public float. The spike comes as traders weigh the company’s buyback plans against the pile of preferred stock still on the books.
The stock last traded at $1.515, up 43.5 cents from where it closed earlier. Shares changed hands between $1.15 and $1.87. About 98.8 million shares traded on the session, putting market value at $10.3 million, market data showed.
Trading in IQST stood out on Thursday. Google Finance showed 6.74 million shares outstanding and an average daily volume of 1.29 million. That session’s trades were roughly 14.7 times total shares and about 76.6 times the average volume, according to .
That ratio is key for holders since both the buyback and the preferred-stock move hit the same spot—common shares outstanding. IQSTEL’s board gave the green light to buy back as many as 1 million common shares with no set end date. The company also said it can’t say when or if it will actually repurchase any stock.
June 17 saw a preferred-share amendment that hasn’t gotten much notice. The company said Series B preferred holders can now convert any time, with five days’ notice. As of March 31, its 10-Q listed 59,276 Series B preferreds still outstanding. Under the amended rules, each can convert into 12.5 common shares, so that’s around 741,000 shares in total before any adjustments. The amendment also includes a one-year leak-out tied to prior monthly liquidity.
IQSTEL’s shareholder letter on June 25 gave the stock a lift, after the company announced a binding memorandum of understanding to buy 51% of ULTRANET Telecom Group. According to the company, the deal would bring in about $130 million in yearly revenue, $4.5 million in annual net income, $21 million in assets and $13 million in shareholders’ equity if it goes through.
IQSTEL CEO Leandro Jose Iglesias said the company “built a platform that touches 2.3 billion end users.” He said they are pushing fintech, cybersecurity, AI and digital health products through that network.
Investors snapped to the deal on IQSTEL’s numbers. Filings show first-quarter revenue at $97.9 million, but gross profit landed at $2.08 million and net loss was $1.39 million. Cost of revenue hit $95.8 million.
Litchfield Hills Research’s Barry M. Sine, who has a buy rating and an $18 price target, said in a June 9 note that “we view the transaction favorably.” His report puts ULTRANET revenue up 30.5% at $130.9 million in 2025, with net income around $4.6 million. IQSTEL Official Investors Landing Page
Sine said IQSTEL was trading at around 0.04 times his 2027 revenue estimate, compared to 2.4 times for telecom peers he selected. In the disclosure, the report noted Litchfield Hills isn’t a U.S. broker-dealer or part of FINRA, and gets paid by IQSTEL for helping with distribution and investor-targeted services.
Financing is unresolved. The shareholder letter puts first-year transaction payments at around $7 million. Management is talking to commercial banks, institutional lenders, and financing groups about long-term debt, aiming to steer clear of issuing equity.
IQSTEL said it will include more on its share buyback plan in upcoming 10-Q and 10-K reports, and said it will weigh price, market shifts, and capital needs before repurchasing.
