Ideanomics Inc. [NASDAQ: IDEX] loss -1.05% on the last trading session, reaching $2.82 price per share at the time. The company report on February 26, 2021 that Ideanomics Announces Its Membership in CALSTART, a National Non-Profit Organization Focused on Accelerating Clean Transportation.
– Ideanomics will be a full member, which provides access to CALSTART and stakeholder leadership, increased project partnership engagement, as well as hands-on, participatory industry connections.
– CALSTART 270+ members are composed of transportation-related stakeholders, including manufacturers, suppliers, fleets, technology firms, academic institutions, government agencies, NGOs, power companies, fuel providers, banks, and more.
Ideanomics Inc. represents 237.54 million in outstanding shares, while the company has a total market value of $1.05 billion with the latest information. IDEX stock price has been found in the range of $2.765 to $3.05.
If compared to the average trading volume of 45.74M shares, IDEX reached a trading volume of 22549861 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Ideanomics Inc. [IDEX]:
The Average True Range (ATR) for Ideanomics Inc. is set at 0.51, with the Price to Sales ratio for IDEX stock in the period of the last 12 months amounting to 66.56. The Price to Book ratio for the last quarter was 10.07, with the Price to Cash per share for the same quarter was set at 0.07.
Trading performance analysis for IDEX stock
Ideanomics Inc. [IDEX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -22.31. With this latest performance, IDEX shares dropped by -46.69% in over the last four-week period, additionally plugging by 135.00% over the last 6 months – not to mention a rise of 826.11% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for IDEX stock in for the last two-week period is set at 37.61, with the RSI for the last a single of trading hit 31.42, and the three-weeks RSI is set at 42.31 for Ideanomics Inc. [IDEX]. The present Moving Average for the last 50 days of trading for this stock 3.47, while it was recorded at 3.02 for the last single week of trading, and 1.86 for the last 200 days.
Ideanomics Inc. [IDEX]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Ideanomics Inc. [IDEX] shares currently have an operating margin of +22.86 and a Gross Margin at +91.73. Ideanomics Inc.’s Net Margin is presently recorded at -219.18.
Return on Total Capital for IDEX is now 14.38, given the latest momentum, and Return on Invested Capital for the company is -186.95. Return on Equity for this stock declined to -243.22, with Return on Assets sitting at -88.33. When it comes to the capital structure of this company, Ideanomics Inc. [IDEX] has a Total Debt to Total Equity ratio set at 63.15. Additionally, IDEX Total Debt to Total Capital is recorded at 38.71, with Total Debt to Total Assets ending up at 17.32. Long-Term Debt to Equity for the company is recorded at 38.33, with the Long-Term Debt to Total Capital now at 22.64.
Reflecting on the efficiency of the workforce at the company, Ideanomics Inc. [IDEX] managed to generate an average of -$1,628,010 per employee. Receivables Turnover for the company is 3.38 with a Total Asset Turnover recorded at a value of 0.40.Ideanomics Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.
An analysis of insider ownership at Ideanomics Inc. [IDEX]
There are presently around $48 million, or 4.60% of IDEX stock, in the hands of institutional investors. The top three institutional holders of IDEX stocks are: SUSQUEHANNA INTERNATIONAL GROUP, LLP with ownership of 5,046,961, which is approximately 127.308% of the company’s market cap and around 18.77% of the total institutional ownership; M&T BANK CORP, holding 4,579,585 shares of the stock with an approximate value of $12.91 million in IDEX stocks shares; and D. E. SHAW & CO., INC., currently with $2.67 million in IDEX stock with ownership of nearly 886.46% of the company’s market capitalization.
Positions in Ideanomics Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 36 institutional holders increased their position in Ideanomics Inc. [NASDAQ:IDEX] by around 8,425,055 shares. Additionally, 23 investors decreased positions by around 2,765,462 shares, while 6 investors held positions by with 5,806,425 shares. The mentioned changes placed institutional holdings at 16,996,942 shares, according to the latest SEC report filing. IDEX stock had 23 new institutional investments in for a total of 1,687,123 shares, while 7 institutional investors sold positions of 173,639 shares during the same period.