Is iqst a good buy?

iQSTEL Inc. (IQST) is not currently a good buy for the following reasons:

1. Financial Performance: iQSTEL reported a net loss of $54.6 million and a diluted EPS of -$0.28 for the quarter ending June 30, 2024. The company's revenue growth rate, net income growth rate, and diluted EPS growth rate are not available, which raises concerns about its financial health and growth prospects.
2. Stock Valuation: The company's P/E ratio, P/B ratio, and P/S ratio are not available, which makes it difficult to assess the stock's valuation compared to its earnings and book value.
3. Market Sentiment: There is no available information on the company's market sentiment, which is an important factor in investment decisions.
4. Industry and Market Conditions: The telecommunications and fintech industries are highly competitive, and iQSTEL's ability to differentiate itself and capture market share is uncertain.
5. Strategic Developments: While iQSTEL has announced some strategic developments, such as the acquisition of SwissLink Carrier AG., the potential benefits of these developments are not yet clear, and there may be execution risks.

In conclusion, despite some potential for growth in the telecommunications and fintech industries, the current financial performance and lack of available valuation metrics suggest that iQSTEL is a high-risk investment at this time. Potential investors should carefully consider the company's financial health, market position, and strategic prospects before making an investment decision.