Ton Strategy Co (TONX) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq
Ton Strategy Co (TONX) stock forecast summary
On Oct. 16, 2026, TONX is rated Neutral: its 90-day Alpha forecast sits in the middle 30% of the 5171 stocks scored that day.
Ton Strategy Co is a small-cap company with a market capitalization of $151M. It ranks number 60 by market capitalization among the 60 Finance Services issuers in our coverage with a current forecast.
For TONX, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 15.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 29.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
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How TONX ranks among 5171 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Ton Strategy Co (TONX) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Finance Services peers listed below that report each metric.
Valuation & Market
| Metric | TONX | Rank |
|---|---|---|
| Market Cap | $151M | 60/60 |
| EPS | $-1.91 | – |
| Revenue/Share | $0.44 | – |
| FCF/Share | $-0.53 | – |
Profitability & Margins
| Metric | TONX | Rank |
|---|---|---|
| ROIC | -8.6% | 10/27 |
| Operating Margin | -140.6% | 13/30 |
| EBT Margin | -260.1% | 29/42 |
| Tax Rate | 0.4% | – |
Financial Health
| Metric | TONX | Rank |
|---|---|---|
| Current Ratio | 6.39x | 11/41 |
| D/E Ratio | 0.01x | 52/54 |
| Financial Leverage | 1.01x | 50/52 |
| Interest Coverage | -4570.5x | 33/33 |
| Working Capital | $27M | 29/40 |
Cash Flow
| Metric | TONX | Rank |
|---|---|---|
| Operating Cash Flow | -$29M | 31/47 |
| Free Cash Flow | -$29M | 16/33 |
| Capital Spending | -$20K | 2/33 |
| FCF/Sales | -119.8% | 20/30 |
| CapEx/Sales | 0.1% | 28/30 |
Operational Efficiency
| Metric | TONX | Rank |
|---|---|---|
| Asset Turnover | 0.06x | 27/36 |
Income Statement
| Metric | TONX | Rank |
|---|---|---|
| Total Revenue | $24M | 36/39 |
| Operating Income | -$34M | 12/33 |
| Cost of Goods Sold | $5M | 19/22 |
Dividend & Shareholder Information
| Metric | TONX | Rank |
|---|---|---|
| Shares Outstanding | 55M | – |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $32M | |
| Cash & Short-term Investments | $29M | |
| Total Liabilities | $5M |
TONX quarterly financials and insider trading
Ton Strategy Co (TONX) industry peers
Companies classified under the same SEC industry code as Ton Strategy Co (Finance Services): 60 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| TONX Ton Strategy Co | ▶ | $151M |
| AXP American Express Co | ▶ | $211.77B |
| MSTR Strategy Inc | ▲ | $58.13B |
| COIN Coinbase Global, Inc. | ▲ | $45.69B |
| SYF Synchrony Financial | ▼ | $24.09B |
| CRCL Circle Internet Group, Inc. | ▲ | $20.87B |
| SOFI Sofi Technologies, Inc. | ▶ | $19.49B |
| BMNR Bitmine Immersion Technologies, Inc. | ▶ | $13.07B |
| CHYM Chime Financial, Inc. | ▲ | $11.23B |
| IREN Iren Ltd | ▶ | $10.64B |
| WULF Terawulf Inc. | ▲ | $6.30B |
| RIOT Riot Platforms, Inc. | ▲ | $5.82B |
| DAVE Dave Inc./De | ▲ | $4.96B |
| KLAR Klarna Group Plc | ▼ | $4.91B |
| BLSH Bullish | ▲ | $4.45B |
| CORZ Core Scientific, Inc./Tx | ▲ | $4.33B |
| CIFR Cipher Digital Inc. | ▲ | $3.73B |
| GPGI Gpgi, Inc. | ▼ | $3.61B |
| MARA Mara Holdings, Inc. | ▲ | $3.22B |
| SII Sprott Inc. | ▶ | $2.92B |
| IOND Ionic Digital Inc. | ▶ | $2.83B |
| UPST Upstart Holdings, Inc. | ▶ | $2.41B |
| CLSK Cleanspark, Inc. | ▲ | $2.15B |
| XXI Twenty One Capital, Inc. | ▶ | $2.11B |
| BTDR Bitdeer Technologies Group | ▲ | $2.10B |
| ASST Strive, Inc. | ▶ | $2.06B |
| PURR Hyperliquid Strategies Inc | ▲ | $1.94B |
| SECZ Securitize Corp. | ▶ | $1.85B |
| WLTH Wealthfront Corp | ▲ | $1.75B |
| PGY Pagaya Technologies Ltd. | ▲ | $1.49B |
| KEEL Keel Infrastructure Corp. | ▲ | $1.43B |
| PWP Perella Weinberg Partners | ▲ | $1.24B |
| WD Walker & Dunlop, Inc. | ▶ | $1.14B |
| RHLD Resolute Holdings Management, Inc. | ▼ | $922M |
| QFIN Qfin Holdings, Inc. | ▶ | $699M |
| GDOT Green Dot Corp | ▲ | $695M |
| BTGO Bitgo Holdings, Inc. | ▲ | $691M |
| BUR Burford Capital Ltd | ▲ | $659M |
| VEL Velocity Financial, Inc. | ▶ | $585M |
| HIVE Hive Digital Technologies Ltd. | ▲ | $557M |
| FWDI Forward Industries, Inc. | ▲ | $510M |
| WYFI Whitefiber, Inc. | ▲ | $505M |
| ABTC American Bitcoin Corp. | ▶ | $504M |
| OPFI Oppfi Inc. | ▲ | $492M |
| GEMI Gemini Space Station, Inc. | ▲ | $463M |
| OPRT Oportun Financial Corp | ▲ | $424M |
| BTBT Bit Digital, Inc | ▲ | $346M |
| SVIA Silvia, Inc. | ▼ | $344M |
| ORBS Eightco Holdings Inc. | ▶ | $330M |
| USDE Stablecoinx Inc. | ▼ | $275M |
| DGXX Digi Power X Inc. | ▶ | $266M |
| CNCK Coincheck Group N.V. | ▶ | $257M |
| MFIN Medallion Financial Corp | ▲ | $257M |
| BKKT Bakkt, Inc. | ▶ | $252M |
| SNFCA Security National Financial Corp | ▲ | $240M |
| ZSQR Z Squared Inc. | ▲ | $227M |
| CPSS Consumer Portfolio Services, Inc. | ▲ | $198M |
| SLNH Soluna Holdings, Inc | ▼ | $183M |
| LDI Loandepot, Inc. | ▲ | $181M |
| USBC Usbc, Inc. | ▶ | $175M |
Where TONX sits on the market map
Ton Strategy Co (TONX) stock news
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Ton Strategy Co (TONX) stock forecast FAQ
What is the Ton Strategy Co (TONX) stock forecast?
On Oct. 16, 2026, TONX is rated Neutral: its 90-day Alpha forecast sits in the middle 30% of the 5171 stocks scored that day.
How accurate are Ton Strategy Co stock predictions?
For TONX, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 15.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 29.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Ton Strategy Co forecasts updated?
Ton Strategy Co forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are Ton Strategy Co's industry peers?
60 issuers in our coverage, TONX included, share the SEC industry code Finance Services. The largest are: American Express Co (AXP), Strategy Inc (MSTR), Coinbase Global, Inc. (COIN), Synchrony Financial (SYF), Circle Internet Group, Inc. (CRCL), Sofi Technologies, Inc. (SOFI).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.