How to buy Ideanomics stock - 06 March

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How to buy Ideanomics stock

Own Ideanomics stock in just a few minutes.

Fact checked

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$15.8 million.

How to buy shares in Ideanomics

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Ideanomics. Find the stock by name or ticker symbol: IDEX. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Ideanomics reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Ideanomics, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Ideanomics. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Ideanomics share price

Use our graph to track the performance of IDEX stocks over time.

Ideanomics shares at a glance

Information last updated 2021-03-03.
52-week rangeUSD$0.276 - USD$5.53
50-day moving average USD$3.9209
200-day moving average USD$2.0557
Wall St. target priceUSD$1.38
PE ratio 28.68
Dividend yield N/A (0%)
Earnings per share (TTM) USD$0.03

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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.

Is it a good time to buy Ideanomics stock?

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.

Is Ideanomics under- or over-valued?

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 P/E ratio

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

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.

Ideanomics financials

Revenue TTM USD$15.8 million
Gross profit TTM USD$43.1 million
Return on assets TTM -16.31%
Return on equity TTM -152.42%
Profit margin 0%
Book value $0.281
Market capitalisation USD$1.3 billion

TTM: trailing 12 months

Shorting Ideanomics shares

There are currently 28.2 million Ideanomics shares held short by investors – that's known as Ideanomics's "short interest". This figure is 21.1% down from 35.8 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)

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 56.5 million). Ideanomics's SIR currently stands at 0.5. In other words for every 100,000 Ideanomics shares traded daily on the market, roughly 500 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 0.0867% of the tradable shares (for every 100,000 tradable Ideanomics shares, roughly 87 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.

Ideanomics share dividends

We're not expecting Ideanomics to pay a dividend over the next 12 months.

Have Ideanomics's shares ever split?

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.

Ideanomics share price volatility

Over the last 12 months, Ideanomics's shares have ranged in value from as little as $0.276 up to $5.53. 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 -0.3127. 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 overview

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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