Stocks of Ideanomics Inc (NASDAQ:IDEX) traded higher last session on Wall Street, down -7.00% to $1.86.
IDEX stock price is now -15.67% away from the 50-day moving average and -76.72% away from the 200-day moving average. The market capitalization of the company currently stands at $22.30M.
A total of 19.51% of the company’s stock is owned by insiders.
Wednesday’s opening bell rang with an opening price of $2.0100 for Ideanomics Inc (NASDAQ: IDEX). During the past 12 months, Ideanomics Inc has had a low of $1.72 and a high of $32.50. As of last week, the company has a debt-to-equity ratio of 0.39, a current ratio of 0.51, and a quick ratio of 0.32. The fifty day moving average price for IDEX is $2.2058 and a two-hundred day moving average price translates $8.0161 for the stock.
The latest earnings results from Ideanomics Inc (NASDAQ: IDEX) was released for Sep, 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 -$1.40 EPS in the same period last year. The net profit margin was -523.04% and return on equity was -160.78% for IDEX. The company reported revenue of $0.67 million for the quarter, compared to $8.22 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -91.91 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.
