Key Points
- Streamex CIO Mitchell Williams sold 65,538 shares at an average price of $0.54, generating $35,390.52. The sale reduced his direct holdings by 2.27% and was made to cover tax withholding on vested equity awards.
- Streamex shares opened at $0.53, with a market capitalization of approximately $61.9 million, after trading between $0.48 and $6.50 over the past year. The company reported a quarterly loss of $0.08 per share on revenue of $0.15 million.
- Analyst sentiment is mixed, resulting in an overall “Hold” rating and an average price target of $4.00. The company has also authorized a repurchase program covering up to 5.5% of its shares.
Streamex Corp. (NASDAQ:STEX - Get Free Report) CIO Mitchell Williams sold 65,538 shares of the firm's stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $0.54, for a total transaction of $35,390.52. Following the transaction, the executive directly owned 2,820,276 shares in the company, valued at approximately $1,522,949.04. The trade was a 2.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through 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 stock was sold at an average price of $0.72, for a total transaction of $52,336.08.
Streamex Trading Up 2.9%
Shares of NASDAQ:STEX opened at $0.53 on Thursday. The company has a 50 day moving average of $0.73 and a 200-day moving average of $0.92. The firm has a market cap of $61.93 million, a P/E ratio of -0.06 and a beta of 2.02. Streamex Corp. has a twelve month low of $0.48 and a twelve month high of $6.50.
Streamex (NASDAQ:STEX - Get Free Report) last posted its quarterly earnings data on Friday, August 14th. The company reported ($0.08) EPS for the quarter. The company had revenue of $0.15 million for the quarter. Equities research analysts forecast that Streamex Corp. will post -0.38 EPS for the current year.
Streamex announced that its board has authorized a share repurchase program on Tuesday, July 7th that permits the company to repurchase 10,000,000,000,000 shares. This repurchase authorization permits the company to purchase up to 5.5% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on STEX shares. Zacks Research upgraded Streamex to a "hold" rating in a research report 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 decreased their target price on Streamex to $4.00 and set a "buy" rating for the company in a research note on Tuesday, August 18th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Streamex in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $4.00.
Read Our Latest Research Report on STEX
About Streamex
(
Get Free Report)
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.
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