Ideanomics Inc [IDEX] stock is trading at $1.07, up 12.63%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The IDEX shares have gain 14.05% over the last week, with a monthly amount drifted -32.28%, and not seem to be holding up well over a long-time horizon.
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On 27, March 2024, Solectrac Announces Strategic Reorganization to Further Amplify Electrification Efforts and Enhance Customer Support. In a post published today on Yahoo Finance, Ideanomics’ Electric Tractor Subsidiary Will Leverage Success To Date In Its Direct-To-Customer Business By Expanding The DTC Strategy and Partnering with a Curated Dealer Network in Key Markets.
From an analyst’s perspective:
Ideanomics Inc [NASDAQ: IDEX] stock has seen the most recent analyst activity on April 07, 2022, when ROTH Capital downgraded its rating to a Neutral. Previously, Cantor Fitzgerald started tracking the stock with Overweight rating on February 11, 2022, and set its price target to $3. On April 14, 2021, ROTH Capital initiated with a Buy rating and assigned a price target of $7 on the stock.
Ideanomics Inc [IDEX] stock has fluctuated between $0.88 and $16.12 over the past year. Currently, Wall Street analysts expect the stock to reach $1 within the next 12 months. Ideanomics Inc [NASDAQ: IDEX] shares were valued at $1.07 at the most recent close of the market. An investor can expect a potential drop of -6.54% based on the average IDEX price forecast.
Analyzing the IDEX fundamentals
Ideanomics Inc [NASDAQ:IDEX] reported sales of 36.48M for the trailing twelve months, which represents a drop of -97.26%. Gross Profit Margin for this corporation currently stands at -0.05% with Operating Profit Margin at -9.96%, Pretax Profit Margin comes in at -9.68%, and Net Profit Margin reading is -9.46%. To continue investigating profitability, this company’s Return on Assets is posted at -2.28, Equity is -4.02 and Total Capital is -8.66. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.64.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.9667 points at the first support level, and at 0.8635 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.1366, and for the 2nd resistance point, it is at 1.2033.
Ideanomics Inc [IDEX] reported earnings per share of -$0.3 for its fiscal quarter that ended on 12/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.08/share, meaning a difference of -$0.22 and a surprise factor of -275.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2022 were -$0.08 per share as compared to estimates of -$0.05 per share, a difference of -$0.03 representing a surprise of -60.00%.
Ratios To Look Out For
For context, Ideanomics Inc’s Current Ratio is 0.42. As well, the Quick Ratio is 0.27, while the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 0.35, the price to book ratio is 0.78.
Transactions by insiders
Recent insider trading involved Hayward Andrea Maria, Director, that happened on Feb 07 ’24 when 2000.0 shares were purchased.
