Ideanomics Inc. (NASDAQ:IDEX) shares traded 8.11% higher at $0.05 on Wall Street last session.
In accordance with the data, 1 analysts cover Ideanomics Inc. (NASDAQ:IDEX). 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 $0.05, this indicates a potential upside of 486100.0 percent. IDEX stock price is now -35.99% away from the 50-day moving average and -58.78% away from the 200-day moving average. The market capitalization of the company currently stands at $75.62M.
It has been rated a hold by 1 analysts and a buy by 0. 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 $94456.25. 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 $43,000. XTX TOPCO LTD invested $34,000 in shares of IDEX during the first quarter. In the first quarter, JANE STREET GROUP, LLC acquired a new stake in Ideanomics Inc. valued at approximately $16,000. RFG ADVISORY, LLC acquired a new stake in IDEX for approximately $1,000. J.W. COLE ADVISORS, INC. 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.
Ideanomics Inc. (NASDAQ: IDEX) opened at $0.0496 on Monday. During the past 12 months, Ideanomics Inc. has had a low of $0.02 and a high of $0.68. As of last week, the company has a debt-to-equity ratio of 0.14, a current ratio of 0.60, and a quick ratio of 0.40. The fifty day moving average price for IDEX is $0.0810 and a two-hundred day moving average price translates $0.1262 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.
