Ideanomics Inc. [NASDAQ: IDEX] closed the trading session at $2.88 on 05/28/21. The day’s price range saw the stock hit a low of $2.88, while the highest price level was $3.08. The company report on May 18, 2021 that Ideanomics, Inc. Reports Q1 2021 Financial Results.
– Revenue for the quarter ended March 31, 2021, was $32.7 million and gross profit of $10.8 million.
– First revenues from WAVE – Ideanomics’ inductive charging business and from Timios, our Title and escrow services company – both businesses were acquired in January 2021.
The stocks have a year to date performance of 44.72 percent and weekly performance of 4.73 percent. The stock has been moved at 6.27 percent over the last six months. The stock has performed -7.10 percent around the most recent 30 days and changed -20.66 percent over the most recent 3-months.
If compared to the average trading volume of 21.53M shares, IDEX reached to a volume of 17715148 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]:
ROTH Capital have made an estimate for Ideanomics Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 14, 2021.
The Average True Range (ATR) for Ideanomics Inc. is set at 0.22, with the Price to Sales ratio for IDEX stock in the period of the last 12 months amounting to 21.62. The Price to Book ratio for the last quarter was 2.72, with the Price to Cash per share for the same quarter was set at 0.84.
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 4.73. With this latest performance, IDEX shares dropped by -7.10% in over the last four-week period, additionally plugging by 6.27% over the last 6 months – not to mention a rise of 631.34% 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 53.70, with the RSI for the last a single of trading hit 56.16, and the three-weeks RSI is set at 51.70 for Ideanomics Inc. [IDEX]. The present Moving Average for the last 50 days of trading for this stock 2.78, while it was recorded at 2.86 for the last single week of trading, and 2.29 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 -186.21 and a Gross Margin at -12.16. Ideanomics Inc.’s Net Margin is presently recorded at -367.04.
Return on Total Capital for IDEX is now -34.19, given the latest momentum, and Return on Invested Capital for the company is -81.07. Return on Equity for this stock declined to -88.22, with Return on Assets sitting at -54.36. When it comes to the capital structure of this company, Ideanomics Inc. [IDEX] has a Total Debt to Total Equity ratio set at 4.13. Additionally, IDEX Total Debt to Total Capital is recorded at 3.97, with Total Debt to Total Assets ending up at 3.31. Long-Term Debt to Equity for the company is recorded at 3.62, with the Long-Term Debt to Total Capital now at 3.46.
Reflecting on the efficiency of the workforce at the company, Ideanomics Inc. [IDEX] managed to generate an average of -$892,873 per employee. Receivables Turnover for the company is 4.72 with a Total Asset Turnover recorded at a value of 0.15.Ideanomics Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.20 and a Current Ratio set at 3.20.
Ideanomics Inc. [IDEX]: Insider Ownership positions
There are presently around $59 million, or 4.90% 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 5,864,964, which is approximately 16.208% of the company’s market cap and around 10.73% of the total institutional ownership; D. E. SHAW & CO., INC., holding 4,808,844 shares of the stock with an approximate value of $13.85 million in IDEX stocks shares; and M&T BANK CORP, currently with $5.51 million in IDEX stock with ownership of nearly -58.223% of the company’s market capitalization.
Positions in Ideanomics Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 66 institutional holders increased their position in Ideanomics Inc. [NASDAQ:IDEX] by around 8,384,271 shares. Additionally, 21 investors decreased positions by around 4,886,961 shares, while 11 investors held positions by with 7,223,255 shares. The mentioned changes placed institutional holdings at 20,494,487 shares, according to the latest SEC report filing. IDEX stock had 41 new institutional investments in for a total of 1,177,433 shares, while 10 institutional investors sold positions of 1,266,752 shares during the same period.