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

Streamex Corp. (NASDAQ:STEX) CIO Mitchell Williams sold 65,538 shares of Streamex 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 sale, the executive directly owned 2,820,276 shares in the company, valued at $1,522,949.04. The trade was a 2.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 Price Performance

STEX stock traded up $0.01 during trading on Wednesday, reaching $0.53. The company had a trading volume of 1,459,295 shares, compared to its average volume of 1,167,577. Streamex Corp. has a 52 week low of $0.48 and a 52 week high of $6.50. The business has a 50 day moving average of $0.73 and a 200 day moving average of $0.92. The company has a market cap of $61.93 million, a P/E ratio of -0.06 and a beta of 2.02.

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

Streamex declared that its board has approved a share buyback plan on Tuesday, July 7th that permits the company to repurchase 10,000,000,000,000 shares. This repurchase authorization permits the company to buy up to 5.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

STEX has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Streamex in a report on Wednesday, July 29th. Wall Street Zen upgraded shares of Streamex from a “sell” rating to a “hold” rating in a report on Saturday, September 12th. Needham & Company LLC reduced their target price on shares of Streamex to $4.00 and set a “buy” rating on the stock in a research report on Tuesday, August 18th. Finally, Zacks Research upgraded shares of Streamex to a “hold” rating in a research note on Friday, October 2nd. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Streamex presently has an average rating of “Hold” and an average 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.