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Ideanomics, Inc is a software—application business based in the US. Ideanomics shares (IDEX) are listed on the NASDAQ and all prices are listed in US Dollars. Ideanomics employs 60 staff and has a trailing 12-month revenue of around USD$8.2 million.
Since the stock market crash in March caused by coronavirus, Ideanomics's share price has had significant positive movement.
Its last market close was USD$0.9, which is 43.50% up on its pre-crash value of USD$0.5085 and 226.09% up on the lowest point reached during the March crash when the shares fell as low as USD$0.276.
If you had bought USD$1,000 worth of Ideanomics shares at the start of February 2020, those shares would have been worth USD$918.51 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$1,503.01.
|Latest market close||USD$0.9|
|52-week range||USD$0.276 - USD$3.98|
|50-day moving average||USD$1.0394|
|200-day moving average||USD$1.0913|
|Wall St. target price||USD$1.38|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||USD$0.03|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
|1 week (2020-10-22)||-6.52%|
|1 month (2020-09-29)||-1.10%|
|3 months (2020-07-29)||-31.82%|
|6 months (2020-04-29)||40.60%|
|1 year (2019-10-29)||-29.13%|
|2 years (2018-10-29)||-68.64%|
|3 years (2017-10-27)||-52.88%|
|5 years (2015-10-29)||-53.37%|
Valuing Ideanomics stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Ideanomics's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Ideanomics's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 29x. In other words, Ideanomics shares trade at around 29x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Ideanomics's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$14.8 million.
The EBITDA is a measure of a Ideanomics's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$8.2 million|
|Gross profit TTM||USD$43.1 million|
|Return on assets TTM||-14.31%|
|Return on equity TTM||-178.86%|
|Market capitalisation||USD$218.3 million|
TTM: trailing 12 months
There are currently 18.6 million Ideanomics shares held short by investors – that's known as Ideanomics's "short interest". This figure is 7.7% down from 20.1 million last month.
There are a few different ways that this level of interest in shorting Ideanomics shares can be evaluated.
Ideanomics's "short interest ratio" (SIR) is the quantity of Ideanomics shares currently shorted divided by the average quantity of Ideanomics shares traded daily (recently around 6.9 million). Ideanomics's SIR currently stands at 2.68. In other words for every 100,000 Ideanomics shares traded daily on the market, roughly 2680 shares are currently held short.
However Ideanomics's short interest can also be evaluated against the total number of Ideanomics shares, or, against the total number of tradable Ideanomics shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Ideanomics's short interest could be expressed as 0.08% of the outstanding shares (for every 100,000 Ideanomics shares in existence, roughly 80 shares are currently held short) or 0.0972% of the tradable shares (for every 100,000 tradable Ideanomics shares, roughly 97 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Ideanomics.
Find out more about how you can short Ideanomics stock.
We're not expecting Ideanomics to pay a dividend over the next 12 months.
Ideanomics's shares were split on a 1:75 basis on 13 February 2012. So if you had owned 75 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Ideanomics shares – just the quantity. However, indirectly, the new 7400% higher share price could have impacted the market appetite for Ideanomics shares which in turn could have impacted Ideanomics's share price.
Over the last 12 months, Ideanomics's shares have ranged in value from as little as $0.276 up to $3.98. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Ideanomics's is -2.0204. This would suggest that Ideanomics's shares have been inversely-correlated to the average (for this exchange) – so when the broader market trended up or down, Ideanomics has bucked the trend.
Ideanomics, Inc. focuses on monetizing the adoption of commercial electric vehicles, associated energy consumption, and developing financial services and Fintech products. Its Mobile Energy Global division provides financial services and incentives for commercial fleet operators, including group purchasing discounts and battery buy-back programs. This division also offers solutions for the procurement, financing, charging, and energy management needs for fleet operators of commercial electric vehicles. The company's Ideanomics Capital division provides financial services solutions. This division is involved in the areas of capital markets, such as financial products advisory and creation, with specific focus on the application of blockchain and artificial intelligence in financial technology. This division also operates EKAR, an exchange traded fund that tracks the Innovation Labs Next Generation Vehicles Index, which comprises of global stocks that have exposure to the theme of electric and self driving/autonomous vehicles. The company was founded in 2004 and is headquartered in New York, New York with office in Beijing, China.
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