The stock of Ideanomics Inc. (NASDAQ:IDEX) last traded at $0.06, down -17.20% from the previous session.
Data from the available sources indicates that Ideanomics Inc. (NASDAQ:IDEX) is covered by 1 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $243.10 and a low of $243.10, we find $243.10. Given the previous closing price of $0.08, this indicates a potential upside of 303775.0 percent. IDEX stock price is now -18.25% away from the 50-day moving average and -52.23% away from the 200-day moving average. The market capitalization of the company currently stands at $51.71M.
In total, 1 analysts have assigned it a hold rating, and 0 have given it a buy rating. Brokers who have rated the stock have averaged $243.10 as their price target over the next twelve months.
In other news, Poor Alfred, Chief Executive Officer bought 400,000 shares of the company’s stock on Oct 21. The stock was bought for $100,000 at an average price of $0.25. Upon completion of the transaction, the Chief Executive Officer now directly owns 1,889,125 shares in the company, valued at $0.11 million. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in IDEX stock. A new stake in Ideanomics Inc. shares was purchased by HARVEST FUND MANAGEMENT CO., LTD during the first quarter worth $54,000. POINT72 ASSET MANAGEMENT, L.P. invested $6,000 in shares of IDEX during the first quarter. In the first quarter, HRT FINANCIAL LP acquired a new stake in Ideanomics Inc. valued at approximately $5,000. BAADER BANK AKTIENGESELLSCHAFT acquired a new stake in IDEX for approximately $3,000. RFG ADVISORY, LLC purchased a new stake in IDEX valued at around $1,000 in the second quarter. In total, there are 70 active investors with 4.60% ownership of the company’s stock.
With an opening price of $0.0750 on Tuesday morning, Ideanomics Inc. (NASDAQ: IDEX) set off the trading day. During the past 12 months, Ideanomics Inc. has had a low of $0.02 and a high of $0.73. As of last week, the company has a debt-to-equity ratio of 0.13, a current ratio of 1.50, and a quick ratio of 1.10. The fifty day moving average price for IDEX is $0.0794 and a two-hundred day moving average price translates $0.1353 for the stock.
The latest earnings results from Ideanomics Inc. (NASDAQ: IDEX) was released for Mar, 2023. According to the Farm & Heavy Construction Machinery Company, earnings per share came in at -$0.3, missing analysts’ expectations of -$0.08 by -0.22. This compares to -$0.06 EPS in the same period last year. The company reported revenue of $10.56 million for the quarter, compared to $25.39 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -58.4 percent.
Ideanomics Inc.(IDEX) Company Profile
Ideanomics, Inc., through its subsidiaries, develops zero emission mobility solutions for the off-highway and on-highway commercial vehicle markets in Asia, Europe, and the United States. The company’s Ideanomics Mobility business unit focuses on the commercial adoption of electric vehicles (EV) by commercial fleet operators. This business unit provides solutions for the procurement, financing, charging, and energy management needs for the fleet operators of commercial EVs; and zero emission mobility solutions, such as the provision of commercial electric vans, trucks, buses, electric tractors, and two-wheeled transportation, supporting by the provision of energy services and infrastructure for the EV market comprising charging systems, energy storage, and energy generation, including hydrogen and solar, and associated data and management applications. It also offers high-power inductive charging solutions for medium and heavy-duty EVs; manufactures and distributes electric powered tractors; manufactures and sells electric and hybrid electric propulsion kits, as well as electric motorcycles; sells EV bikes, scooters, and batteries under the Treeletrik brand; and designs, manufactures, and markets electric commercial vehicles, as well as performs retrofits to convert diesel powered specialty vehicles. The company’s Ideanomics Capital business unit provides financing services, which focuses on the enhancement of efficiency, transparency, and profitability for the financial services industry. This business unit offers solutions for the real estate transactions, including title and escrow, residential and commercial title insurance, and closing and settlement services, as well as specialized offerings for the mortgage industry; and acts as the Financial Industry Regulatory Authority-registered broker dealer that operates a platform focused on private equity and debt. Ideanomics, Inc. was incorporated in 2004 and is headquartered in New York, New York.
