Streamex (NASDAQ:STEX) CIO Sells $35,390.52 in Stock

Streamex Corp. (NASDAQ:STEX) CIO Mitchell Williams sold 65,538 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $0.54, for a total transaction of $35,390.52. Following the sale, the executive directly owned 2,820,276 shares of the company’s stock, valued at approximately $1,522,949.04. This trade represents a 2.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Mitchell Young Williams also recently made the following trade(s):

• On Wednesday, September 2nd, Mitchell Williams sold 72,689 shares of Streamex stock. The shares were sold at an average price of $0.72, for a total transaction of $52,336.08.

Streamex Stock Down 2.9%

Streamex stock opened at $0.49 on Friday. Streamex Corp. has a 12-month low of $0.48 and a 12-month high of $6.50. The firm’s fifty day moving average is $0.72 and its 200 day moving average is $0.91. The company has a market capitalization of $57.17 million, a PE ratio of -0.05 and a beta of 2.02.

Streamex (NASDAQ:STEX) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.08) EPS for the quarter. The business had revenue of $0.15 million for the quarter. Sell-side analysts expect that Streamex Corp. will post -0.38 EPS for the current fiscal year.

Streamex declared that its board has authorized a share repurchase program on Tuesday, July 7th that permits the company to buy back 10,000,000,000,000 shares. This buyback authorization permits the company to buy up to 5.5% of its stock through open market purchases. Share buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on STEX shares. Zacks Research raised Streamex to a “hold” rating in a research note on Friday, October 2nd. Wall Street Zen upgraded Streamex from a “sell” rating to a “hold” rating in a report on Saturday, September 12th. Needham & Company LLC reduced their price target on shares of Streamex to $4.00 and set a “buy” rating for the company in a research report on Tuesday, August 18th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Streamex in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $4.00.

Streamex Company Profile

Streamex Corp. is a financial technology company focused on blockchain-based financial infrastructure and the tokenization of real-world assets. Its business is centered on developing digital platforms designed to connect traditional financial products with blockchain networks.

The company’s activities include creating and supporting digital assets, blockchain applications and tokenized investment products. Streamex has described its work as serving institutional and other market participants seeking greater efficiency, transparency and accessibility in digital-asset markets.

Publicly available information about Streamex’s operating history, geographic reach, product portfolio and leadership is limited.