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The Chart for Ideanomics Inc. (IDEX) Is Flashing Mixed Signals

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Ideanomics Inc. (NASDAQ:IDEX) went down by -3.33% from its latest closing price compared to the recent 1-year high of $5.53. The company’s stock price has collected -15.94% of loss in the last five trading sessions. Press Release reported on 01/05/22 that Timios Appoints Company Veteran to new Executive Role of COO to Support Its Ongoing Growth Strategy

Is It Worth Investing in Ideanomics Inc. (NASDAQ :IDEX) Right Now?

Plus, the 36-month beta value for IDEX is at -0.36. Opinions of the stock are interesting as 1 analysts out of 1 who provided ratings for Ideanomics Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $5.00, which is $3.84 above the current price. IDEX currently public float of 455.73M and currently shorts hold a 10.77% ratio of that float. Today, the average trading volume of IDEX was 9.81M shares.

IDEX’s Market Performance

IDEX stocks went down by -15.94% for the week, with a monthly drop of -25.64% and a quarterly performance of -37.30%, while its annual performance rate touched -59.72%. The volatility ratio for the week stands at 9.24% while the volatility levels for the past 30 days are set at 8.56% for Ideanomics Inc.. The simple moving average for the period of the last 20 days is -11.92% for IDEX stocks with a simple moving average of -49.14% for the last 200 days.

Analysts’ Opinion of IDEX

Many brokerage firms have already submitted their reports for IDEX stocks, with ROTH Capital repeating the rating for IDEX by listing it as a “Buy.” The predicted price for IDEX in the upcoming period, according to ROTH Capital is $7 based on the research report published on April 14th of the previous year 2021.

IDEX Trading at -27.06% from the 50-Day Moving Average

After a stumble in the market that brought IDEX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -79.02% of loss for the given period.

Volatility was left at 8.56%, however, over the last 30 days, the volatility rate increased by 9.24%, as shares sank -21.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -39.27% lower at present.

During the last 5 trading sessions, IDEX fell by -15.94%, which changed the moving average for the period of 200-days by -58.42% in comparison to the 20-day moving average, which settled at $1.3010. In addition, Ideanomics Inc. saw -3.33% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at IDEX starting from MCMAHON SHANE, who sale 500,000 shares at the price of $2.06 back on Sep 24. After this action, MCMAHON SHANE now owns 7,916,208 shares of Ideanomics Inc., valued at $1,030,000 using the latest closing price.

Stock Fundamentals for IDEX

Current profitability levels for the company are sitting at:

  • -186.21 for the present operating margin
  • -12.16 for the gross margin

The net margin for Ideanomics Inc. stands at -367.04. The total capital return value is set at -34.19, while invested capital returns managed to touch -81.07. Equity return is now at value -27.90, with -22.20 for asset returns.

Based on Ideanomics Inc. (IDEX), the company’s capital structure generated 4.13 points at debt to equity in total, while total debt to capital is 3.97. Total debt to assets is 3.31, with long-term debt to equity ratio resting at 3.62. Finally, the long-term debt to capital ratio is 3.46.

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When we switch over and look at the enterprise to sales, we see a ratio of 4.44, with the company’s debt to enterprise value settled at 0.03. The receivables turnover for the company is 4.72 and the total asset turnover is 0.15. The liquidity ratio also appears to be rather interesting for investors as it stands at 13.76.

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