TON Strategy (TONX) Stock Analysis & Price (Updated Oct 16, 2026, 4:00 PM ET)
Updated Oct 16, 2026, 4:00 PM ET
- Closed at $2.68, -2.55% vs the prior close of $2.75.
- Volume 190.93K shares, 0.6x its 50-day average (light).
- No new SEC filings since the prior session.
- No new insider buys or sales reported since the prior session.
TONX dips 2.5% to $2.68, a 1-month low, 9 down days in a row. Closed at $2.68, -2.55% vs the prior close of $2.75. Day range $2.66–$2.79, opened at $2.75.
TONX daily analysis — what happened
A plain-English, data-only note written after every US trading day. Newest first; older days stay archived below.
Oct 16, 2026 — TONX dips 2.5% to $2.68, a 1-month low, 9 down days in a row
- Closed at $2.68, -2.55% vs the prior close of $2.75. Day range $2.66–$2.79, opened at $2.75.
- Volume was 190.93K shares, 0.6x its 50-day average of 339.04K — lighter than usual.
- Price is -17.1% vs its 50-day average ($3.23) and -8.2% vs its 200-day average ($2.92).
- 52-week range $1.75–$4.44; today's close sits at 35% of that range, 39.6% below the 52-week high.
- That makes 9 straight losses.
Oct 15, 2026 — TONX dips 1.8% to $2.75, a 1-month low, 8 down days in a row
- Closed at $2.75, -1.79% vs the prior close of $2.80. Day range $2.56–$2.78, opened at $2.76.
- Volume was 363.10K shares, 1.1x its 50-day average of 338.41K.
- Price is -15.1% vs its 50-day average ($3.24) and -5.7% vs its 200-day average ($2.92).
- 52-week range $1.75–$4.44; today's close sits at 37% of that range, 38.1% below the 52-week high.
- That makes 8 straight losses.
Oct 14, 2026 — TONX slides 8.5% to $2.80, a 1-month low, 7 down days in a row
- Closed at $2.80, -8.50% vs the prior close of $3.06. Day range $2.80–$3.08, opened at $3.02.
- Volume was 247.90K shares, 0.7x its 50-day average of 338.93K.
- Price is -13.6% vs its 50-day average ($3.24) and -3.9% vs its 200-day average ($2.91).
- 52-week range $1.75–$4.64; today's close sits at 36% of that range, 39.7% below the 52-week high.
- That makes 7 straight losses.
Oct 13, 2026 — TONX dips 1.3% to $3.06, 6 down days in a row
- Closed at $3.06, -1.29% vs the prior close of $3.10. Day range $2.99–$3.08, opened at $3.05.
- Volume was 155.50K shares, 0.5x its 50-day average of 341.22K — lighter than usual.
- Price is -5.6% vs its 50-day average ($3.24) and +5.1% vs its 200-day average ($2.91).
- 52-week range $1.75–$5.42; today's close sits at 36% of that range, 43.5% below the 52-week high.
- That makes 6 straight losses.
Oct 12, 2026 — TONX slides 3.7% to $3.10, 5 down days in a row
- Closed at $3.10, -3.73% vs the prior close of $3.22. Day range $3.05–$3.22, opened at $3.21.
- Volume was 218.10K shares, 0.6x its 50-day average of 341.50K.
- Price is -4.4% vs its 50-day average ($3.24) and +6.6% vs its 200-day average ($2.91).
- 52-week range $1.75–$6.32; today's close sits at 30% of that range, 50.9% below the 52-week high.
- That makes 5 straight losses.
Oct 9, 2026 — TONX dips 0.6% to $3.22, 4 down days in a row
- Closed at $3.22, -0.62% vs the prior close of $3.24. Day range $3.18–$3.32, opened at $3.26.
- Volume was 179.10K shares, 0.5x its 50-day average of 347.55K — lighter than usual.
- Price is -0.6% vs its 50-day average ($3.24) and +10.9% vs its 200-day average ($2.90).
- 52-week range $1.75–$6.33; today's close sits at 32% of that range, 49.1% below the 52-week high.
- That makes 4 straight losses.
Oct 8, 2026 — TONX slides 7.7% to $3.24, 3 down days in a row
- Closed at $3.24, -7.69% vs the prior close of $3.51. Day range $3.17–$3.36, opened at $3.30.
- Volume was 283.80K shares, 0.8x its 50-day average of 346.59K.
- Price is +0.1% vs its 50-day average ($3.24) and +11.8% vs its 200-day average ($2.90).
- 52-week range $1.75–$6.47; today's close sits at 32% of that range, 49.9% below the 52-week high.
- That makes 3 straight losses.
Oct 7, 2026 — TONX dips 2.0% to $3.51
- Closed at $3.51, -1.96% vs the prior close of $3.58. Day range $3.36–$3.52, opened at $3.49.
- Volume was 231.10K shares, 0.7x its 50-day average of 347.19K.
- Price is +8.6% vs its 50-day average ($3.23) and +21.3% vs its 200-day average ($2.89).
- 52-week range $1.75–$7.05; today's close sits at 33% of that range, 50.2% below the 52-week high.
Oct 6, 2026 — TONX ends flat (-0.3%) to $3.58
- Closed at $3.58, -0.28% vs the prior close of $3.59. Day range $3.53–$3.63, opened at $3.62.
- Volume was 143.80K shares, 0.4x its 50-day average of 350.11K — lighter than usual.
- Price is +10.9% vs its 50-day average ($3.23) and +23.9% vs its 200-day average ($2.89).
- 52-week range $1.75–$7.14; today's close sits at 34% of that range, 49.9% below the 52-week high.
Oct 5, 2026 — TONX rises 0.6% to $3.59
- Closed at $3.59, +0.56% vs the prior close of $3.57. Day range $3.51–$3.66, opened at $3.57.
- Volume was 162.30K shares, 0.5x its 50-day average of 351.10K — lighter than usual.
- Price is +11.4% vs its 50-day average ($3.22) and +24.5% vs its 200-day average ($2.88).
- 52-week range $1.75–$7.14; today's close sits at 34% of that range, 49.7% below the 52-week high.
Oct 2, 2026 — TONX dips 1.7% to $3.57, 4 down days in a row
- Closed at $3.57, -1.65% vs the prior close of $3.63. Day range $3.47–$3.79, opened at $3.72.
- Volume was 165.50K shares, 0.5x its 50-day average of 353.64K — lighter than usual.
- Price is +11.0% vs its 50-day average ($3.22) and +24.1% vs its 200-day average ($2.88).
- 52-week range $1.75–$7.14; today's close sits at 34% of that range, 50.0% below the 52-week high.
- That makes 4 straight losses.
TONX latest news & SEC filings
Every SEC filing by or about TONX in the last 120 days, explained in plain English. Updated daily, with a same-day refresh for new filings.
Sep 16, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 7.01 — Released information under Regulation FD (e.g. a presentation or press release).
Sep 8, 2026 · Form 4 — Insider trade
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
- Rivard Bill John sold 12,500 shares at $3.30 (≈$41.25K) on Sep 4, 2026
- Rivard Bill John sold 12,500 shares at $3.30 (≈$41.25K) on Sep 4, 2026
- Rivard Bill John sold 12,500 shares at $3.30 (≈$41.25K) on Sep 4, 2026
- Rivard Bill John sold 12,500 shares at $3.30 (≈$41.25K) on Sep 4, 2026
Open-market purchases (P) and sales (S) are shown in colour; awards, exercises and tax withholding are routine pay-related moves. Many sales are pre-planned under 10b5-1 plans.
Sep 4, 2026 · Form 144 — Planned insider sale
Notice of proposed sale (Form 144) — an insider or affiliate plans to sell restricted or control shares
A notice of intent, not a completed sale. Any actual sale by a director or officer shows up later on Form 4.
Aug 28, 2026 · Form 4 — Insider trade
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
Insider holdings update with no common-stock transactions in the table (often options or derivative awards only).
Aug 28, 2026 · Form 4 — Insider trade
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
Insider holdings update with no common-stock transactions in the table (often options or derivative awards only).
Aug 28, 2026 · Form 4 — Insider trade
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
Insider holdings update with no common-stock transactions in the table (often options or derivative awards only).
Aug 28, 2026 · Form 4 — Insider trade
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
Insider holdings update with no common-stock transactions in the table (often options or derivative awards only).
Aug 17, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 5.02 — Change in directors or officers (appointment, departure or pay).
Aug 11, 2026 · Form 10-Q — Quarterly report
Quarterly report (unaudited financial statements for the quarter)
Quarter ended Jun 30, 2026:
- Revenue: $15.02M
- Net income: $76.75M (prior year -$2.38M) (swung to profit vs Jun 30, 2025)
- Diluted EPS: $1.31 (prior year -$1.79) (swung to profit vs Jun 30, 2025)
Aug 11, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 2.02 — Reported results of operations (earnings release).
This is a results-day filing: the earnings press release is attached as an exhibit.
Aug 10, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 1.02 — Ended a material agreement.
Jul 10, 2026 · Form S-8 — Employee share plan registration
Registration of shares for employee stock plans (S-8)
Jul 1, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 7.01 — Released information under Regulation FD (e.g. a presentation or press release).
Jun 23, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 3.01 — Stock exchange listing notice or transfer of listing.
Things to know before you trade TONX
- Last results release: Aug 11, 2026 (8-K Item 2.02). Previous ones: May 12, 2026, Mar 31, 2026, Nov 12, 2025. Based on that rhythm, the next report is likely around Nov 10, 2026 — an estimate, not a confirmed date.
- How much it moves: over the last 20 sessions the average daily move was 4.14% (largest 13.3%). That is a volatile stock.
- Liquidity: about 276.17K shares (≈$740.14K) trade per day on average. Thin volume can mean wider bid/ask spreads.
- 52-week position: $2.68 vs a range of $1.75–$4.44 (35% of the range).
- Dividends: no cash dividends in the last 2 years.
- Splits: none in the last 2 years.
- Insider trades (Form 4, last 12 months, recent 25 shown): 17 open-market buys, 8 sales; latest: Bill John Rivard sold 12,500 shares on Sep 4, 2026.
- Latest filings: 8-K Sep 16, 2026; 8-K Aug 17, 2026; 10-Q Aug 11, 2026.
- Share count: 55.07M shares outstanding (Aug 4, 2026), +2801.6% vs a year earlier — notable dilution.
- Listing: Nasdaq · industry: Finance Services.
TONX market data (last 20 sessions)
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Oct 16, 2026 | 2.75 | 2.79 | 2.66 | 2.68 | 190.93K |
| Oct 15, 2026 | 2.76 | 2.78 | 2.56 | 2.75 | 363.10K |
| Oct 14, 2026 | 3.02 | 3.08 | 2.80 | 2.80 | 247.90K |
| Oct 13, 2026 | 3.05 | 3.08 | 2.99 | 3.06 | 155.50K |
| Oct 12, 2026 | 3.21 | 3.22 | 3.05 | 3.10 | 218.10K |
| Oct 9, 2026 | 3.26 | 3.32 | 3.18 | 3.22 | 179.10K |
| Oct 8, 2026 | 3.30 | 3.36 | 3.17 | 3.24 | 283.80K |
| Oct 7, 2026 | 3.49 | 3.52 | 3.36 | 3.51 | 231.10K |
| Oct 6, 2026 | 3.62 | 3.63 | 3.53 | 3.58 | 143.80K |
| Oct 5, 2026 | 3.57 | 3.66 | 3.51 | 3.59 | 162.30K |
| Oct 2, 2026 | 3.72 | 3.79 | 3.47 | 3.57 | 165.50K |
| Oct 1, 2026 | 3.77 | 3.77 | 3.59 | 3.63 | 135.00K |
| Sep 30, 2026 | 4.05 | 4.05 | 3.75 | 3.78 | 256.90K |
| Sep 29, 2026 | 3.98 | 4.08 | 3.87 | 3.95 | 197.90K |
| Sep 28, 2026 | 3.82 | 4.11 | 3.75 | 3.98 | 532.70K |
| Sep 25, 2026 | 3.87 | 3.89 | 3.56 | 3.58 | 179.00K |
| Sep 24, 2026 | 4.02 | 4.02 | 3.80 | 3.87 | 222.80K |
| Sep 23, 2026 | 4.04 | 4.20 | 3.89 | 4.04 | 584.10K |
| Sep 22, 2026 | 3.83 | 4.14 | 3.82 | 4.07 | 535.80K |
| Sep 21, 2026 | 3.48 | 3.85 | 3.41 | 3.84 | 538.10K |
About TON Strategy
TON Strategy (TONX) is listed on the Nasdaq and classified by the SEC under “Finance Services”. Its business address is in LAS VEGAS, NV. State of incorporation: NV. Fiscal year ends December 31. SEC CIK 1566610.
TONX board of directors & executives
From SEC Form 3/4/5 insider filings made in the last 12 months (date = latest filing).
Directors
| Name | Role | Latest filing |
|---|---|---|
| Rory J. Cutaia | Director | Dec 16, 2025 |
| Nicolas Claude Cary | Director | Aug 28, 2026 |
| Tucker Montana Highfield | Director | Aug 28, 2026 |
| Evan Sohn | Director | Aug 28, 2026 |
| Oscar Suarez | Director | Aug 28, 2026 |
Executive officers
| Name | Title | Latest filing |
|---|---|---|
| Veronika Kapustina | Chief Executive Officer | Oct 9, 2025 |
| Mary Marbach | General Counsel/Corp Secretary | Jul 22, 2026 |
| Sarah Josephine Olsen | CFO & COO | Aug 17, 2026 |
| Bill John Rivard | Chief Accounting Officer | Sep 8, 2026 |
| Kevin Mark Wilson | Chief Executive Officer | Aug 14, 2026 |
Recent insider buys & sales
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Sep 4, 2026 | Bill John Rivard | Sale | 12,500 | $3.30 |
| Sep 4, 2026 | Bill John Rivard | Sale | 12,500 | $3.30 |
| Sep 4, 2026 | Bill John Rivard | Sale | 12,500 | $3.30 |
| Sep 4, 2026 | Bill John Rivard | Sale | 12,500 | $3.30 |
| Aug 14, 2026 | Sarah Josephine Olsen | Sale | 217,450 | $2.75 |
| Aug 14, 2026 | Sarah Josephine Olsen | Sale | 217,450 | $2.75 |
| Aug 14, 2026 | Sarah Josephine Olsen | Sale | 217,450 | $2.75 |
| Aug 14, 2026 | Sarah Josephine Olsen | Sale | 217,450 | $2.75 |
| Aug 14, 2026 | Kevin Mark Wilson | Buy | 1,700 | $2.68 |
| Aug 14, 2026 | Kevin Mark Wilson | Buy | 1,900 | $2.67 |
| Aug 14, 2026 | Kevin Mark Wilson | Buy | 1,700 | $2.68 |
| Aug 14, 2026 | Kevin Mark Wilson | Buy | 1,900 | $2.67 |
| Aug 14, 2026 | Kevin Mark Wilson | Buy | 1,700 | $2.68 |
| Aug 14, 2026 | Kevin Mark Wilson | Buy | 1,900 | $2.67 |
| Aug 14, 2026 | Kevin Mark Wilson | Buy | 1,700 | $2.68 |
TONX financials (annual, from XBRL filings)
| Fiscal year end | Revenue | Net income | Diluted EPS | Operating cash flow |
|---|---|---|---|---|
| Dec 31, 2025 | $12.78M | $-148.48M | -5.96 | $-20.77M |
| Dec 31, 2024 | $895.00K | $-10.33M | -19.36 | $-8.77M |
| Dec 31, 2023 | $63.00K | $-21.99M | -441.48 | — |
| Dec 31, 2022 | $8.00K | $-37.44M | -6.68 | $-19.41M |
| Dec 31, 2021 | $10.52M | $-34.49M | — | $-25.86M |
Latest balance sheet: total assets $403.55M, total liabilities $5.00M, cash $28.80M (as of Jun 30, 2026).
TONX earnings / results-day log
| Date | Filing | Close that day |
|---|---|---|
| Aug 11, 2026 | 8-K Item 2.02 (results) | $3.05 |
| May 12, 2026 | 8-K Item 2.02 (results) | $3.47 |
| Mar 31, 2026 | 8-K Item 2.02 (results) | $2.47 |
| Nov 12, 2025 | 8-K Item 2.02 (results) | $3.60 |
| Dec 15, 2023 | 8-K Item 2.02 (results) | — |
| Nov 18, 2022 | 8-K Item 2.02 (results) | — |
| Aug 18, 2022 | 8-K Item 2.02 (results) | — |
| May 19, 2022 | 8-K Item 2.02 (results) | — |
| Apr 1, 2022 | 8-K Item 2.02 (results) | — |
| Nov 17, 2021 | 8-K Item 2.02 (results) | — |
| Aug 18, 2021 | 8-K Item 2.02 (results) | — |
| May 17, 2021 | 8-K Item 2.02 (results) | — |
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Information only, not investment advice. BuyMeWhiskey is not a registered investment adviser or broker-dealer; nothing here is a recommendation to buy, sell or hold any security, and there are no price targets. Data comes from SEC EDGAR filings and public end-of-day market data and may be delayed or contain errors. Verify with the company's filings before making decisions. Prices: end-of-day data as of Oct 16, 2026, 4:00 PM ET. Filings: SEC EDGAR. Updated after every US trading day.