In the past week, IDEX stock has gone down by -16.29%, with a monthly gain of 15.67% and a quarterly plunge of -70.13%. The volatility ratio for the week is 8.76%, and the volatility levels for the last 30 days are 25.26% for Ideanomics Inc. The simple moving average for the past 20 days is -3.86% for IDEX’s stock, with a -82.85% simple moving average for the past 200 days.
Is It Worth Investing in Ideanomics Inc. (NASDAQ: IDEX) Right Now?
compared to its average ratio and a 36-month beta value of 0.46. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The average price point forecasted by analysts for Ideanomics Inc. (IDEX) is $1.00, which is $0.96 above the current market price. The public float for IDEX is 533.65M, and currently, short sellers hold a 10.41% ratio of that float. The average trading volume of IDEX on May 24, 2023 was 68.16M shares.
IDEX) stock’s latest price update
Ideanomics Inc. (NASDAQ: IDEX)’s stock price has decreased by -2.17 compared to its previous closing price of 0.04. However, the company has seen a -16.29% decrease in its stock price over the last five trading sessions.
IDEX Trading at -43.96% 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 -95.44% of loss for the given period.
Volatility was left at 25.26%, however, over the last 30 days, the volatility rate increased by 8.76%, as shares surge +48.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -63.38% lower at present.
During the last 5 trading sessions, IDEX fell by -15.88%, which changed the moving average for the period of 200-days by -94.40% in comparison to the 20-day moving average, which settled at $0.0429. In addition, Ideanomics Inc. saw -75.24% 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 Poor Alfred, who purchase 400,000 shares at the price of $0.25 back on Oct 21. After this action, Poor Alfred now owns 1,889,125 shares of Ideanomics Inc., valued at $100,000 using the latest closing price.
Stock Fundamentals for IDEX
Current profitability levels for the company are sitting at:
- -159.31 for the present operating margin
- -8.45 for the gross margin
The net margin for Ideanomics Inc. stands at -258.27. Equity return is now at value -101.30, with -67.30 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.48.
Conclusion
To put it simply, Ideanomics Inc. (IDEX) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
