The stock has a 36-month beta value of 0.52. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for IDEX is 9.68M, and at present, short sellers hold a 18.32% of that float. On April 02, 2024, the average trading volume of IDEX was 533.48K shares.
IDEX) stock’s latest price update
The stock price of Ideanomics Inc (NASDAQ: IDEX) has jumped by 12.63 compared to previous close of 0.95. Despite this, the company has seen a gain of 14.05% in its stock price over the last five trading days. InvestorPlace reported 2024-02-07 that Now might be a good time to consider scooping up shares of penny stocks to buy on the dip. However, caution is essential, as penny stocks can be volatile and speculative.
IDEX’s Market Performance
Ideanomics Inc (IDEX) has experienced a 14.05% rise in stock performance for the past week, with a -32.28% drop in the past month, and a -50.92% drop in the past quarter. The volatility ratio for the week is 9.28%, and the volatility levels for the past 30 days are at 10.45% for IDEX. The simple moving average for the past 20 days is 5.43% for IDEX’s stock, with a -72.23% simple moving average for the past 200 days.
Analysts’ Opinion of IDEX
Cantor Fitzgerald, on the other hand, stated in their research note that they expect to see IDEX reach a price target of $3. The rating they have provided for IDEX stocks is “Overweight” according to the report published on February 11th, 2022.
ROTH Capital gave a rating of “Buy” to IDEX, setting the target price at $7 in the report published on April 14th of the previous year.
IDEX Trading at 2.24% 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 -93.36% of loss for the given period.
Volatility was left at 10.45%, however, over the last 30 days, the volatility rate increased by 9.28%. Over the last 50 days, in opposition, the stock is trading -5.73% lower at present.
During the last 5 trading sessions, IDEX rose by +14.05%, which changed the moving average for the period of 200-days by -90.72% in comparison to the 20-day moving average, which settled at $1.0149. In addition, Ideanomics Inc saw -46.23% 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 Hayward Andrea Maria, who purchase 2,000 shares at the price of $0.95 back on Feb 07 ’24. After this action, Hayward Andrea Maria now owns 2,000 shares of Ideanomics Inc, valued at $1,900 using the latest closing price.
Stock Fundamentals for IDEX
Current profitability levels for the company are sitting at:
- -9.96 for the present operating margin
- -0.05 for the gross margin
The net margin for Ideanomics Inc stands at -9.46. The total capital return value is set at -8.66. Equity return is now at value -232.09, with -128.33 for asset returns.
Based on Ideanomics Inc (IDEX), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at -2.04. The debt to equity ratio resting at 1.64. The interest coverage ratio of the stock is -154.47.
Currently, EBITDA for the company is -142.93 million with net debt to EBITDA at -0.2. When we switch over and look at the enterprise to sales, we see a ratio of 1.18. The receivables turnover for the company is 7.12for trailing twelve months and the total asset turnover is 0.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.42.
Conclusion
To sum up, Ideanomics Inc (IDEX) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
