Ideanomics Inc. [IDEX] is 65.83% higher this YTD. Is it still time to buy?

Ideanomics Inc. [NASDAQ: IDEX] plunged by -$0.06 during the normal trading session on Monday and reaching a high of $3.41 during the day while it closed the day at $3.30. The company report on March 9, 2021 that Ideanomics Invests in Italian Electric Motorcycle Company, Energica Motor Company.

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– Ideanomics acquires a 20% stake in Energica Motor Company, a leading manufacturer of high performance electric motorcycles.

– According to Schmidt Automotive Research, the Western European EV market has surpassed China and is the largest market in the world.

Ideanomics Inc. stock has also gained 17.02% of its value over the past 7 days. However, IDEX stock has inclined by 71.88% in the 3 months of the year. Over the past six months meanwhile, it has gained 202.75% and gained 65.83% year-on date.

The market cap for IDEX stock reached $1.26 billion, with 237.54 million shares outstanding and 209.58 million shares in the current float. Compared to the average trading volume of 45.60M shares, IDEX reached a trading volume of 18362861 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Ideanomics Inc. [IDEX]:

The Average True Range (ATR) for Ideanomics Inc. is set at 0.43, with the Price to Sales ratio for IDEX stock in the period of the last 12 months amounting to 79.46. The Price to Book ratio for the last quarter was 11.79, with the Price to Cash per share for the same quarter was set at 0.07.

IDEX stock trade performance evaluation

Ideanomics Inc. [IDEX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 17.02. With this latest performance, IDEX shares dropped by -30.53% in over the last four-week period, additionally plugging by 202.75% over the last 6 months – not to mention a rise of 791.89% 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 46.83, with the RSI for the last a single of trading hit 47.11, and the three-weeks RSI is set at 48.31 for Ideanomics Inc. [IDEX]. The present Moving Average for the last 50 days of trading for this stock 3.58, while it was recorded at 3.31 for the last single week of trading, and 1.93 for the last 200 days.

Ideanomics Inc. [IDEX]: An insightful look at the core fundamentals

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.

Ideanomics Inc. [IDEX]: Insider Ownership positions

There are presently around $56 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 $15.11 million in IDEX stocks shares; and D. E. SHAW & CO., INC., currently with $3.12 million in IDEX stock with ownership of nearly 886.46% of the company’s market capitalization.

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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.

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