TON Strategy Co (TONX)Technology | Software - Application | Las Vegas, United States | NasdaqCM
3.01 USD
-0.05
(-1.797%) ⇩
(Oct. 14, 2026, 11:46 a.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 6:25 a.m. EDT
The investment case for TON Strategy Co is fundamentally broken, making it a dangerous hold despite its low book value. The company is generating negative operating cash flow and has returned -99.97% over the last nine years, a trajectory that shows no signs of recovery. While the gross margin looks healthy at 84%, the inability to convert that into operating cash or positive earnings suggests a severe structural issue in scaling or cost management. The recent news of a Nasdaq reprimand adds regulatory overhang to a business that is already bleeding capital. From a trading perspective, the options market is screaming caution; the heavy put positioning and skewed implied volatility suggest smart money is betting against a bounce. There is no catalyst here to justify a long-term thesis, and the short-term outlook remains bearish due to the lack of earnings support and overwhelming downside positioning. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.100193 |
| AutoTheta | 0.110437 |
| AutoETS | 0.110445 |
| AutoARIMA | 0.114533 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 38% |
| H-stat | 0.95 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.130 |
| Excess Kurtosis | 0.63 |
| Attribute | Value |
|---|---|
| Sector | Technology |
| Revenue per Share | 0.574 |
| Market Cap | 165,491,328 |
| Beta | 0.73 |
| Previous Name | Verb Technology Company, Inc. |
| Website | https://www.tonstrat.com |
As of Oct. 10, 2026, 6:25 a.m. EDT: Speculators are heavily positioned for downside protection, evidenced by massive put open interest at the $5.00 strike compared to negligible call volume. Implied volatility is significantly elevated for calls (3.22x ATM) versus puts (1.65x ATM), indicating fear of a sharp rally or a 'long gamma' squeeze scenario where sellers face rapid losses if the price moves up. The lack of call volume suggests a consensus view that the current price is too high relative to the perceived floor.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.26618707 |
| Address1 | 2,300 West Sahara Avenue |
| Address2 | Suite 800 |
| All Time High | 364,800.0 |
| All Time Low | 1.75 |
| Ask | 3.85 |
| Ask Size | 2 |
| Average Daily Volume10 Day | 193,110 |
| Average Daily Volume3 Month | 323,342 |
| Average Volume | 323,342 |
| Average Volume10Days | 193,110 |
| Beta | 0.727 |
| Bid | 2.16 |
| Bid Size | 2 |
| Book Value | 7.054 |
| City | Las Vegas |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 3.005 |
| Current Ratio | 6.394 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,790,726,400 |
| Day High | 3.07 |
| Day Low | 2.995 |
| Display Name | TON Strategy |
| Dividend Yield | 0.0 |
| Earnings Call Timestamp End | 1,786,453,200 |
| Earnings Call Timestamp Start | 1,786,453,200 |
| Earnings Timestamp | 1,786,451,400 |
| Earnings Timestamp End | 1,794,400,200 |
| Earnings Timestamp Start | 1,794,400,200 |
| Ebitda | -33,765,000 |
| Ebitda Margins | -1.09627 |
| Enterprise To Ebitda | -4.131 |
| Enterprise To Revenue | 4.529 |
| Enterprise Value | 139,483,280 |
| Eps Trailing Twelve Months | -9.72 |
| Esg Populated | 0 |
| Exchange | NCM |
| Exchange Data Delayed By | 15 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 3.2423 |
| Fifty Day Average Change | -0.23729992 |
| Fifty Day Average Change Percent | -0.07318876 |
| Fifty Two Week Change Percent | -26.618708 |
| Fifty Two Week High | 4.44 |
| Fifty Two Week High Change | -1.435 |
| Fifty Two Week High Change Percent | -0.32319817 |
| Fifty Two Week Low | 1.75 |
| Fifty Two Week Low Change | 1.2550001 |
| Fifty Two Week Low Change Percent | 0.71714294 |
| Fifty Two Week Range | 1.75 - 4.44 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,416,580,200,000 |
| Float Shares | 30,314,376 |
| Free Cashflow | 5,932,500 |
| Full Exchange Name | NasdaqCM |
| Full Time Employees | 25 |
| Fullday Change | -0.05499983 |
| Fullday Change Percent | -1.7973801 |
| Fullday Price | 3.005 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 0.84363997 |
| Gross Profits | 25,984,000 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.31468 |
| Held Percent Institutions | 0.47849998 |
| Implied Shares Outstanding | 55,071,989 |
| Industry | Software - Application |
| Industry Disp | Software - Application |
| Industry Key | software-application |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Last Split Date | 1,728,432,000 |
| Last Split Factor | 1:200 |
| Long Business Summary | TON Strategy Company, through its subsidiaries, operates as an interactive video-based social commerce company. The company operates in three segments: TON, MARKET.live, and Go Fund Yourself. The company offers digital asset treasury and Web3 ecosystem. It also provides MARKET.live, a livestream social shopping platform that allows brands, retailers, and creators to broadcast shopping events on various social media channels. In addition, the company offers GO FUND YOURSELF, an interactive social crowd funding platform and TV show for public and private companies on various social media channels. The company was formerly known as Verb Technology Company, Inc. and changed its name to TON Strategy Company in September 2025. TON Strategy Company is headquartered in Las Vegas, Nevada. |
| Long Name | TON Strategy Co |
| Market | us_market |
| Market Cap | 165,491,328 |
| Market State | REGULAR |
| Max Age | 86,400 |
| Message Board Id | finmb_260032118 |
| Most Recent Quarter | 1,782,777,600 |
| Name Change Date | 2,026-10-14 |
| Net Income To Common | -155,182,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 222,215,475 |
| Open | 3.02 |
| Operating Cashflow | -29,173,000 |
| Operating Margins | 0.031889997 |
| Payout Ratio | 0.0 |
| Phone | 855 250 2300 |
| Prev Name | Verb Technology Company, Inc. |
| Previous Close | 3.06 |
| Price Hint | 4 |
| Price To Book | 0.42599946 |
| Price To Sales Trailing12 Months | 5.373095 |
| Profit Margins | 0.0 |
| Quick Ratio | 5.959 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | -0.05499983 |
| Regular Market Change Percent | -1.7973801 |
| Regular Market Day High | 3.07 |
| Regular Market Day Low | 2.995 |
| Regular Market Day Range | 2.995 - 3.07 |
| Regular Market Open | 3.02 |
| Regular Market Previous Close | 3.06 |
| Regular Market Price | 3.005 |
| Regular Market Time | 1,791,992,761 |
| Regular Market Volume | 49,225 |
| Return On Assets | -0.099589996 |
| Return On Equity | -0.73853993 |
| Revenue Growth | 6.074 |
| Revenue Per Share | 0.574 |
| Sand P52 Week Change | 0.17004645 |
| Sector | Technology |
| Sector Disp | Technology |
| Sector Key | technology |
| Shares Outstanding | 55,071,989 |
| Shares Percent Shares Out | 0.051999997 |
| Shares Short | 2,862,566 |
| Shares Short Previous Month Date | 1,788,134,400 |
| Shares Short Prior Month | 3,055,007 |
| Short Name | TON Strategy Company |
| Short Percent Of Float | 0.0777 |
| Short Ratio | 7.09 |
| Source Interval | 15 |
| State | NV |
| Symbol | TONX |
| Total Cash | 28,805,000 |
| Total Cash Per Share | 0.523 |
| Total Debt | 0 |
| Total Revenue | 30,800,000 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -9.72 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 2.911375 |
| Two Hundred Day Average Change | 0.09362507 |
| Two Hundred Day Average Change Percent | 0.032158367 |
| Type Disp | Equity |
| Volume | 49,225 |
| Website | https://www.tonstrat.com |
| Zip | 89,102 |