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Streamex (STEX)
NASDAQ:STEX
US Market

Streamex (STEX) AI Stock Analysis

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STEX

Streamex

(NASDAQ:STEX)

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Neutral 47 (OpenAI - 5.2)
Rating:47Neutral
Price Target:
$3.50
▲(63.55% Upside)
Action:ReiteratedDate:01/31/26
The score is primarily held back by weak financial performance (persistent losses, ongoing cash burn, and negative equity). Technicals are mixed with only modest short-term stabilization, and valuation is constrained by negative earnings and no dividend support. Offsetting these, recent corporate actions and financings are positive and may improve near-term flexibility, but they do not yet resolve the underlying profitability and balance-sheet risk.
Positive Factors
Gold-backed balance sheet
Allocating financing proceeds to vaulted physical gold builds a tangible, asset-backed base that reduces balance-sheet volatility and supports creditor and investor confidence. Over months, physical collateral bolsters GLDY’s credibility and improves the company’s structural liquidity profile.
Institutional-grade GLDY product & market access
GLDY is positioned as a regulated, yield-bearing gold token aimed at institutional users, creating a differentiated product in a large gold market. If distributed via partners and ETFs, it can generate recurring fees, deepen client relationships, and establish Streamex in the structural trend toward tokenized real-world assets.
Material equity raise improves runway
The ~$40.25M equity over-allotment proceeds materially strengthen liquidity and fund debt repayment and GLDY rollout. This reduces immediate refinancing pressure, extends operational runway, and, combined with management lock-ups, provides a more durable capital footing to execute multi-quarter product and commercial milestones.
Negative Factors
Negative shareholders' equity
Persistently negative equity is a structural capital impairment that limits financial flexibility, constrains borrowing capacity, and elevates solvency risk. Over a multi-month horizon this condition increases dependence on dilutive financings and can hinder strategic partnerships or larger institutional adoption without balance-sheet repair.
Persistent operating cash burn
Consistent negative operating and free cash flow means losses are translating into real cash outflows, forcing reliance on external capital. Even with improvement, ongoing cash burn structurally limits reinvestment capacity, increases execution risk for GLDY scaling, and necessitates repeated financing over the coming quarters.
Complex convertible financings and dilution risk
Multiple convertible debenture tranches, variable conversion pricing and prior SEPA arrangements create lasting dilution and contingent-claim complexity. These instruments increase governance and capital-allocation constraints, and over a 2–6 month horizon may force further dilutive actions or asset liquidation to satisfy conversion/prepayment mechanics.

Streamex (STEX) vs. SPDR S&P 500 ETF (SPY)

Streamex Business Overview & Revenue Model

Company DescriptionBioSig Technologies, Inc. recently rebranded as Streamex Corp., effective September 12, 2025, following its merger with Streamex Exchange Corporation. The company shifted focus from healthcare technology to real-world asset tokenization, especially integrating the gold and commodities market into blockchain technology. Streamex provides institutional-grade infrastructure for tokenizing assets powered by a gold-denominated treasury.
How the Company Makes MoneyBioSig Technologies generates revenue primarily through the sale and lease of its PURE EP System to hospitals and medical institutions. The company also earns money by providing ongoing support services, including maintenance and upgrades, to ensure optimal performance of its systems. Additionally, BioSig may enter into strategic partnerships and collaborations with other healthcare entities and technology providers to expand its market reach and enhance its technological offerings. Key revenue streams include direct sales, leasing agreements, and service contracts associated with the PURE EP System.

Streamex Financial Statement Overview

Summary
Financials indicate elevated risk: revenue is extremely small and volatile, net losses are consistently large, operating/free cash flow are negative across all periods, and stockholders’ equity is negative in 2023–2024. The main offset is a material improvement in cash burn and losses in 2024 versus 2023, but profitability and funding flexibility remain major concerns.
Income Statement
8
Very Negative
Revenue is extremely small and volatile, falling sharply from 2022 to 2023 and only modestly recovering in 2024. While gross profit is positive in recent years, profitability is deeply negative: 2024 shows a large net loss relative to revenue, following similarly severe losses in 2021–2023. Overall, the company has not demonstrated a credible path to earnings break-even based on the provided history.
Balance Sheet
18
Very Negative
The balance sheet shows meaningful stress: stockholders’ equity turned negative in 2023 and remained negative in 2024, which increases financial risk and limits flexibility. Total debt is relatively low in absolute terms in 2024 versus prior years, but the negative equity position dominates the risk profile. Assets have also declined substantially from 2021 levels, suggesting a smaller and potentially less resilient capital base.
Cash Flow
10
Very Negative
Cash generation is weak, with operating cash flow and free cash flow negative every year shown. The cash burn improved materially in 2024 versus 2023, but free cash flow growth remains negative in 2024, indicating continued pressure. Cash outflows broadly track net losses (free cash flow roughly in line with net income), which suggests losses are translating into real cash usage rather than being primarily non-cash.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue13.00K40.00K18.00K286.00K441.00K0.00
Gross Profit-2.03M40.00K18.00K229.00K242.00K-550.00K
EBITDA-40.79M-12.42M-28.15M-26.97M-33.21M-58.59M
Net Income-39.87M-10.33M-29.04M-27.05M-31.92M-52.22M
Balance Sheet
Total Assets130.51M842.00K1.80M4.11M15.52M30.39M
Cash, Cash Equivalents and Short-Term Investments11.04M155.00K293.00K458.00K11.66M28.27M
Total Debt0.00102.00K452.00K765.00K656.00K314.00K
Total Liabilities137.34M2.26M4.68M3.71M2.95M5.11M
Stockholders Equity-6.85M-1.44M-2.91M418.00K12.35M24.48M
Cash Flow
Free Cash Flow-7.89M-4.76M-17.50M-21.87M-26.94M-26.69M
Operating Cash Flow-7.89M-4.76M-17.31M-21.70M-26.40M-26.60M
Investing Cash Flow221.00K0.00-186.00K-168.00K-542.00K-87.00K
Financing Cash Flow18.10M4.71M17.33M10.57M10.33M42.85M

Streamex Technical Analysis

Technical Analysis Sentiment
Negative
Last Price2.14
Price Trends
50DMA
3.29
Negative
100DMA
4.03
Negative
200DMA
4.70
Negative
Market Momentum
MACD
-0.31
Positive
RSI
31.76
Neutral
STOCH
7.11
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 2.14 is below the 20-day moving average (MA) of 3.00, below the 50-day MA of 3.29, and below the 200-day MA of 4.70, indicating a bearish trend. The MACD of -0.31 indicates Positive momentum. The RSI at 31.76 is Neutral, neither overbought nor oversold. The STOCH value of 7.11 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 52 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

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
77
Outperform
$205.39M8.968.45%2.70%100.41%
69
Neutral
$229.87M6.769.43%17.28%206.13%298.86%
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
67
Neutral
$236.62M3.8835.45%5.39%
65
Neutral
$183.33M21.079.23%5.42%4.18%-9.53%
60
Neutral
9.679.66%17.91%630.98%234.98%
47
Neutral
$217.80M-1.64-66.67%3.34%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
STEX
Streamex
2.15
1.20
126.32%
SSSS
SuRo Capital
9.02
3.71
69.87%
EARN
Ellington Residential Mortgage
5.07
-0.42
-7.58%
TPVG
TriplePoint Venture Growth
5.51
-1.32
-19.33%
SAMG
SilverCrest Asset Management
15.17
-2.26
-12.97%
SWKH
SWK Holdings
16.65
3.20
23.79%

Streamex Corporate Events

Business Operations and StrategyPrivate Placements and Financing
Streamex Restructures Financing to Enter Transformative Growth Phase
Positive
Jan 27, 2026

On January 22 and 23, 2026, Streamex Corp., a specialist in tokenizing real-world commodity assets, moved to simplify its capital structure by issuing an irrevocable optional prepayment notice on its $50 million secured convertible debentures with Yorkville and by terminating a previously established $1 billion Standby Equity Purchase Agreement that it never utilized. The debenture holder now has ten trading days from the notice date to elect conversion before Streamex must prepay any remaining balance—potentially funded by liquidating vaulted gold bullion pledged as collateral—with repayment expected to release related security interests, while the cancellation of the unused equity facility and management’s emphasis on entering a “transformative year” with a “clean balance sheet” signal a strategic shift toward growth funded by its recent equity raise and upcoming GLDY product launch rather than ongoing reliance on Yorkville-linked financing lines.

The most recent analyst rating on (STEX) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Streamex stock, see the STEX Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Streamex Raises Capital Through Over-Allotment Share Sale
Positive
Jan 27, 2026

On January 22, 2026, Streamex Corp. entered into an underwriting agreement with Needham & Company, as representative of a syndicate of underwriters, for a public offering of 11,666,667 shares of its common stock at $3.00 per share, with the offering closing on January 26, 2026. On January 27, 2026, the underwriters fully exercised their over-allotment option to purchase an additional 1,750,000 shares at the public offering price, bringing Streamex’s aggregate gross proceeds from the transaction to approximately $40.25 million before fees and expenses. The company plans to use the net proceeds primarily to repay prior indebtedness in line with its financing strategy and to bolster working capital and general corporate purposes, while a 60-day lock-up agreed by the company, its officers and directors is expected to limit near-term share sales and provide additional stability to the stock following the capital raise.

The most recent analyst rating on (STEX) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Streamex stock, see the STEX Stock Forecast page.

Executive/Board ChangesShareholder Meetings
Streamex Shareholders Approve Proposals at 2025 Meeting
Positive
Dec 31, 2025

At its 2025 annual meeting, at which 81.21% of voting shares were represented, Streamex shareholders approved all six proposals on the agenda, reflecting overwhelming support for the company’s current governance and compensation framework. Investors re-elected Morgan Lekstrom and Karl Henry McPhie as Class I directors through the 2028 annual meeting, endorsed executive pay and set the advisory vote on compensation to occur every three years, ratified CBIZ CPAs P.C. as auditor for the 2025 fiscal year, approved an amendment to the company’s incentive plan, and backed an adjournment proposal that ultimately was not needed because a quorum was achieved, signaling broad alignment between management and shareholders on strategic and oversight priorities.

The most recent analyst rating on (STEX) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Streamex stock, see the STEX Stock Forecast page.

Private Placements and Financing
Streamex Secures $25 Million Convertible Debenture Financing
Positive
Dec 19, 2025

On December 17, 2025, Streamex Corp. entered into a fourth amendment to its Secured Convertible Debenture Purchase Agreement with institutional investor YA II PN, Ltd. (Yorkville), revising certain prior closing conditions without changing any material terms of the financing arrangements. On the same date, the company completed a second closing under the agreement, issuing a $25 million secured convertible debenture to Yorkville on terms broadly consistent with a prior tranche, generating approximately $24 million in gross proceeds at a 4% annual interest rate (rising to 18% upon default) and a maturity date of December 17, 2027; the instrument features a variable conversion price linked to the company’s volume‑weighted average share price, subject to anti‑dilution adjustments, a $4.00 per‑share conversion floor and a 4.99% ownership cap for the investor, as well as prepayment rights for Streamex with a 10% premium. The transaction, structured as a private offering exempt from SEC registration, provides Streamex with significant additional liquidity while introducing potential future equity dilution and preserving Yorkville’s ability to convert its debt into common stock within tightly defined pricing and ownership constraints, and follows a corporate update webinar the company hosted for investors on December 16, 2025.

The most recent analyst rating on (STEX) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on Streamex stock, see the STEX Stock Forecast page.

Business Operations and StrategyM&A Transactions
Streamex Acquires Stake in Empress Royalty Corp.
Positive
Dec 16, 2025

On December 11, 2025, Streamex Corp. acquired a 9.9% equity interest in Empress Royalty Corp. by exchanging shares with Terra Capital Natural Resources Fund Pty Ltd. This strategic acquisition, valued at US$12,218,751, aligns with Streamex’s strategy to expand into real-world, yield-generating commodity assets, particularly in gold and silver royalties and streams. The transaction supports Streamex’s broader mission to integrate traditional commodities with regulated digital asset infrastructure, enhancing its position in the commodities and tokenization sectors.

The most recent analyst rating on (STEX) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on Streamex stock, see the STEX Stock Forecast page.

Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Streamex Announces Board Changes and New Director
Neutral
Nov 19, 2025

On November 18, 2025, Streamex Corp. announced significant changes to its Board of Directors, with the resignation of three directors and the appointment of Kevin Gopaul as an independent director. Gopaul, a global financial executive with extensive experience in the ETF industry, is expected to leverage his expertise to drive Streamex’s growth and international expansion. The company also entered into employment agreements with its CEO and CFO, outlining compensation and severance terms, and filed an amendment to its Certificate of Incorporation to establish a classified Board structure.

The most recent analyst rating on (STEX) stock is a Buy with a $10.00 price target. To see the full list of analyst forecasts on Streamex stock, see the STEX Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Streamex Secures $25M Financing for Gold Strategy
Positive
Nov 6, 2025

On November 4, 2025, Streamex Corp. closed the first tranche of a convertible debenture financing with Yorkville, amounting to $25,000,000. This financing is part of a larger $100,000,000 agreement and will be used to purchase physical gold bullion, aligning with Streamex’s strategy to maintain a gold-backed balance sheet. This move supports their tokenization initiatives and positions the company to benefit from the increasing demand for gold-backed financial instruments, amid a positive macro-outlook for gold. The transaction also involved several financial advisors and placement agents, and the company has committed to registering the resale of conversion shares under the Securities Act.

The most recent analyst rating on (STEX) stock is a Buy with a $10.00 price target. To see the full list of analyst forecasts on Streamex stock, see the STEX Stock Forecast page.

M&A TransactionsShareholder Meetings
Streamex Finalizes Acquisition with Stockholder Approval
Positive
Nov 4, 2025

On November 4, 2025, Streamex Corp., formerly known as BioSig Technologies, Inc., successfully concluded its special meeting of stockholders, approving the issuance of over 109 million shares of common stock and one share of Super Voting Preferred Stock as part of the acquisition of Streamex Exchange Corporation. This acquisition, initially proposed in May 2025, was finalized following stockholder approval, marking a significant step in the company’s strategic growth and positioning in the market.

The most recent analyst rating on (STEX) stock is a Buy with a $10.00 price target. To see the full list of analyst forecasts on Streamex stock, see the STEX Stock Forecast page.

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.Date of analysis: Jan 31, 2026