Streamex (NASDAQ:STEX) Stock: Insider Mitchell Young Williams Sells 65,538 Shares

Streamex Corp. (NASDAQ:STEX) CIO Mitchell Williams sold 65,538 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $0.54, for a total value 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 document filed with the SEC, which is available 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 stock was sold at an average price of $0.72, for a total transaction of $52,336.08.

Streamex Price Performance

NASDAQ:STEX opened at $0.51 on Friday. The stock has a market cap of $58.91 million, a P/E ratio of -0.06 and a beta of 2.02. Streamex Corp. has a one year low of $0.48 and a one year high of $6.50. The company has a fifty day moving average price of $0.72 and a 200 day moving average price of $0.91.

Streamex (NASDAQ:STEX) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.08) earnings per share (EPS) for the quarter. The business had revenue of $0.15 million for the quarter. As a group, equities research analysts anticipate that Streamex Corp. will post -0.38 EPS for the current year.

Streamex announced that its Board of Directors has approved a share buyback program 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 programs are generally a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Wall Street Zen upgraded Streamex from a “sell” rating to a “hold” rating in a research report on Saturday, September 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Streamex in a research note on Wednesday, July 29th. Needham & Company LLC lowered their price target on shares of Streamex to $4.00 and set a “buy” rating on the stock in a 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 analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus 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.