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Streamex
(NASDAQ:STEX)
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Rating:49Neutral
Price Target:
$0.61
▼(-20.91% Downside)
Action:Reiterated
Date:09/23/26
The score is held down primarily by severe financial underperformance (very large losses with minimal revenue and continued cash burn). Offsetting this, the earnings call indicates meaningful operational de-risking (cost cuts, partnerships, and liquidity runway), while technicals are mixed and valuation is constrained by losses and lack of dividend support.
Positive Factors
Operating Cost Reduction
Operating expenses fell 57.1% and the quarterly operating loss declined to $15.2M from $35.7M. This demonstrates meaningful cost discipline and can extend runway, although durable margin improvement still depends on converting infrastructure into recurring revenue.
Negative Factors
Nascent Revenue and AUM
Quarterly gold-lease revenue of only $134k–$146k remains immaterial relative to operating losses, while GLDY AUM is about $30M and external ownership is limited. The model therefore lacks demonstrated scale and depends on substantial adoption and AUM growth.
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Positive Factors
Negative Factors
Operating Cost Reduction
Operating expenses fell 57.1% and the quarterly operating loss declined to $15.2M from $35.7M. This demonstrates meaningful cost discipline and can extend runway, although durable margin improvement still depends on converting infrastructure into recurring revenue.
Read all positive factors
Streamex (STEX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$71.31M
Dividend YieldN/A
Average Volume (3M)1.03M
Price to Earnings (P/E)―
Beta (1Y)3.42
Revenue Growth1023.08%
EPS Growth-783.93%
CountryUS
Employees6
SectorFinancial
Sector Strength70
IndustryInvestment - Banking & Investment Services
Share Statistics
EPS (TTM)-10.36
Shares Outstanding116,465,416
10 Day Avg. Volume1,356,500
30 Day Avg. Volume1,028,490
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)1.09
Price to Sales (P/S)0.00
P/FCF Ratio-13.93
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit>-0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$4.00Price Target Upside419.48% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.39
Revenue Forecast (FY)$1.55M
Streamex Business Overview & Revenue Model
Company Description
Streamex Corp., previously known as BioSig Technologies, Inc., officially assumed its new name on September 12, 2025, after completing a merger with Streamex Exchange Corporation. The company has since pivoted its core business strategy, moving fr...
How the Company Makes Money
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Streamex Earnings Call Summary
Earnings Call Date:Aug 14, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Mar 15, 2027
Earnings Call Sentiment Positive
The call highlighted meaningful operational progress: first revenue and proved yield mechanics, substantial cost reductions and strengthened institutional infrastructure (custody, attestation, brokerage access, 24/7 liquidity). Management presented a clear path to scale (GLDC permissionless token as a new, potentially highly scalable revenue stream) and a multi-year liquidity runway with no debt. Offsetting these positives are the currently small GLDY AUM, limited external holders, nascent revenue today, outstanding internal control remediation, and dependence on a forthcoming institutional allocation for rapid growth. On balance the strategic and operational milestones materially de-risk the business and position it for an institutional inflection, while near-term financials and adoption remain early-stage risks.Positive Updates
First Revenue Recognized and Proven Yield Mechanism
Recognized gold lease income (reported as $146k in filings; $134k earned in the quarter after a $12k prior-period correction). First income demonstrates the gold-leasing yield mechanism is proven and repeatable; company has made four scheduled yield distributions and >27 ounces paid to holders to date.
Negative Updates
Low Assets Under Management and Limited External Holders
GLDY AUM remained small and broadly unchanged in Q2 at ~3.1k ounces (~$30M implied) and external ownership remains a small percentage (company holds ~91% of reserve per 10-Q, leaving external holders at roughly a few hundred ounces). Adoption is currently constrained and funding has been concentrated rather than broad-based.
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Q2-2026 Updates
Positive
Negative
First Revenue Recognized and Proven Yield Mechanism
Recognized gold lease income (reported as $146k in filings; $134k earned in the quarter after a $12k prior-period correction). First income demonstrates the gold-leasing yield mechanism is proven and repeatable; company has made four scheduled yield distributions and >27 ounces paid to holders to date.
Read all positive updates
Company Guidance
Management said StreamX entered Q2 2026 with $41.8M of total liquidity at June 30 (cash & marketable securities $18.5M, digital assets $6M, physical gold at cost $15.5M, MetaLayer $1.8M), of which ≈$19.5M was immediately available (noting $5M is on a 365‑day loan to Wintermute and the MetaLayer stake is locked until 9/30/2026); total assets $159.6M, liabilities $12.4M, equity $147.1M, working capital $32.8M and no debt. Q2 results included $146k of gold‑lease revenue recognized (≈$134k earned in‑quarter), GLDY AUM ≈3.1k ounces (~$30.1M) with ~9% held externally (≈280 oz), four yield distributions paid totaling >27 oz (19.4 oz in Q2), independent attestations live, and five institutional partnerships deployed (Orca, Siebert/tZERO, EisnerAmper attestation, Inspira custody—Inspira serves ~$63B/8M accounts—and Wintermute providing ~ $12M of ceded liquidity); Equity Trust IRA integration (≈359k accounts/$72B) is in progress. Operating metrics: operating loss $15.2M in Q2 (vs $35.7M in Q1), operating expenses down $20.4M (57.1%), net loss $14.6M (vs $46.7M), H1 net loss $61.2M, H1 cash decline $14.7M, with $32.5M stock‑based comp and ~$12M noncash interest included; operating cash burn was ≈$1.6M/month in Q2, excluding ~$500k/month of one‑offs the run‑rate is ≈$1.1M/month—immediately available funds cover ≈18 months and total liquidity ≈3 years assuming no further revenue. Guidance/targets: launch GLDC and initial liquidity bootstrapping in H2/Q3, convert first institutional allocations to GLDY in Q3, onboard institutional holders, complete Equity Trust IRA integration, and continue monthly yield distributions.Streamex Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
60
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2026 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 146.00K | 0.00 | 40.00K | 18.00K | 286.00K | 441.00K |
| Gross Profit | -2.26M | 0.00 | 40.00K | 18.00K | 229.00K | 242.00K |
| EBITDA | -494.29M | -458.89M | -12.42M | -28.15M | -26.97M | -33.21M |
| Net Income | -500.84M | -462.77M | -10.33M | -29.04M | -27.05M | -31.92M |
Balance Sheet | ||||||
| Total Assets | 159.58M | 187.54M | 842.00K | 1.80M | 4.11M | 15.52M |
| Cash, Cash Equivalents and Short-Term Investments | 20.29M | 30.02M | 155.00K | 293.00K | 458.00K | 11.66M |
| Total Debt | 800.00K | 38.02M | 102.00K | 452.00K | 765.00K | 656.00K |
| Total Liabilities | 12.37M | 54.22M | 2.26M | 4.68M | 3.71M | 2.95M |
| Stockholders Equity | 145.72M | 133.19M | -1.44M | -2.91M | 418.00K | 12.35M |
Cash Flow | ||||||
| Free Cash Flow | -44.34M | -10.44M | -4.76M | -17.50M | -21.87M | -26.94M |
| Operating Cash Flow | -29.96M | -10.44M | -4.76M | -17.31M | -21.70M | -26.40M |
| Investing Cash Flow | -15.45M | -24.25M | 0.00 | -186.00K | -168.00K | -542.00K |
| Financing Cash Flow | 48.29M | 54.88M | 4.71M | 17.33M | 10.57M | 10.33M |
Streamex Technical Analysis
Negative
0.77
Price Trends
0.74
Negative
0.87
Negative
1.55
Negative
Market Momentum
-0.02
Positive
40.02
Neutral
12.52
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For STEX, the sentiment is Negative. The current price of 0.77 is above the 20-day moving average (MA) of 0.68, above the 50-day MA of 0.74, and below the 200-day MA of 1.55, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 40.02 is Neutral, neither overbought nor oversold. The STOCH value of 12.52 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for STEX.
Streamex Risk Analysis
Streamex disclosed 87 risk factors in its most recent earnings report. Streamex reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Streamex Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $198.66M | 4.95 | 10.97% | 20.41% | 12.61% | -3.62% | |
58 Neutral | $124.28M | 94.28 | 1.79% | 7.97% | 0.72% | -87.22% | |
55 Neutral | $153.83M | -4.15 | -21.22% | 23.82% | ― | ― | |
49 Neutral | $71.31M | -0.06 | -464.77% | ― | 1023.08% | -783.93% |
* Financial Sector Average
STEX
Streamex
0.61
-4.63
-88.32%
EARN
Ellington Residential Mortgage
4.03
-0.43
-9.68%
TPVG
TriplePoint Venture Growth
4.90
0.18
3.88%
SAMG
SilverCrest Asset Management
10.54
-3.78
-26.40%
Streamex Corporate Events
Business Operations and StrategyFinancial Disclosures
Streamex Begins Revenue From Tokenized Gold Platform
Positive
Aug 21, 2026
On August 17, 2026, Streamex Corp. reported its financial results for the quarter ended June 30, 2026 and held a conference call to provide a business update. The company posted its first revenue from its tokenized gold platform, recognized as $0....
Business Operations and StrategyExecutive/Board Changes
Streamex Announces Board Vacancy Following Director Resignation
Neutral
Aug 4, 2026
On July 29, 2026, Streamex Corp. director Shawn Matthews resigned from the Board and all related committees, with the departure explicitly stated as not arising from any disagreement over the company’s operations, policies, or practices. The...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.