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

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 ownership by 2.27% and was made to cover tax withholding tied to vested equity awards.
• STEX shares rose 2.9% to $0.53, but remain near their 52-week low of $0.48 and well below the 52-week high of $6.50. The company reported a quarterly loss of $0.08 per share on $0.15 million in revenue.
• Analyst sentiment is mixed, with a consensus “Hold” rating and a $4.00 average price target. Streamex has also authorized a buyback of up to 5.5% of its outstanding shares.

Streamex Corp. (NASDAQ:STEX - Get Free Report) CIO Mitchell Williams sold 65,538 shares of the business's stock in a transaction 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 completion of the sale, the executive directly owned 2,820,276 shares of the company's stock, valued at $1,522,949.04. This represents a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 Trading Up 2.9%

Shares of NASDAQ:STEX traded up $0.01 on Wednesday, reaching $0.53. 1,459,295 shares of the company traded hands, compared to its average volume of 1,167,577. The stock has a market capitalization of $61.93 million, a P/E ratio of -0.06 and a beta of 2.02. The business's 50-day simple moving average is $0.73 and its 200 day simple moving average is $0.92. Streamex Corp. has a 52 week low of $0.48 and a 52 week high of $6.50.

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

Streamex announced that its Board of Directors has authorized a stock buyback plan on Tuesday, July 7th that authorizes the company to repurchase 10,000,000,000,000 shares. This repurchase authorization authorizes the company to reacquire up to 5.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

Several brokerages have recently issued reports on STEX. Needham & Company LLC cut their target price on shares of Streamex to $4.00 and set a "buy" rating on the stock in a report on Tuesday, August 18th. Zacks Research raised shares of Streamex to a "hold" rating in a research report on Friday, October 2nd. Wall Street Zen raised shares of Streamex from a "sell" rating to a "hold" rating in a report on Saturday, September 12th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Streamex in a research 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 issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $4.00.

About Streamex

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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