Ideanomics Inc. (NASDAQ: IDEX) open the trading on March 16, 2023, with great promise as it jumped 10.41% to $0.12. During the day, the stock rose to $0.122 and sunk to $0.1042 before settling in for the price of $0.11 at the close. Taking a more long-term approach, IDEX posted a 52-week range of $0.10-$1.15.
Top 5 EV Tech Stocks to Buy for 2023
According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.
Click Here to Download the FREE Report.
Sponsored
The Industrials sector firm’s twelve-monthly sales growth has been 26.50% for the last half of the decade. Meanwhile, its Annual Earning per share during the time was 4.90%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -24.00%. This publicly-traded company’s shares outstanding now amounts to $674.08 million, simultaneously with a float of $593.41 million. The organization now has a market capitalization sitting at $86.43 million. At the time of writing, stock’s 50-day Moving Average stood at $0.1601, while the 200-day Moving Average is $0.3834.
It is quite necessary to find out the efficiency of the corporate organization, which has 559 number of employees on its payroll. For the Profitability, stocks gross margin was +15.00, operating margin was -73.36 and Pretax Margin of -225.26.
Ideanomics Inc. (IDEX) Ownership Facts and Figures
Sometimes it helps to make our mind if we keep our tabs on how bigger investors are working with the stock of the Farm & Heavy Construction Machinery industry. Ideanomics Inc.’s current insider ownership accounts for 0.30%, in contrast to 4.60% institutional ownership. According to the most recent insider trade that took place on Oct 21, this organization’s Chief Executive Officer bought 400,000 shares at the rate of 0.25, making the entire transaction reach 100,000 in total value, affecting insider ownership by 1,889,125.
Ideanomics Inc. (IDEX) Earnings and Revenue Records
This company achieved a net margin of -224.41 while generating a return on equity of -92.73.
Ideanomics Inc.’s EPS decrease for this current 12-month fiscal period is -24.00% and is forecasted to reach -0.24 in the upcoming year.
Ideanomics Inc. (NASDAQ: IDEX) Trading Performance Indicators
Let’s observe the current performance indicators for Ideanomics Inc. (IDEX). It’s Quick Ratio in the last reported quarter now stands at 2.30. The Stock has managed to achieve an average true range (ATR) of 0.01. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.78.
In the same vein, IDEX’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.60, a figure that is expected to reach -0.08 in the next quarter, and analysts are predicting that it will be -0.24 at the market close of one year from today.
Technical Analysis of Ideanomics Inc. (IDEX)
[Ideanomics Inc., IDEX] recent stats showed that its last 5-days Average volume was superior the volume it posted in the year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 51.74% While, its Average True Range was 0.0113.
Raw Stochastic average of Ideanomics Inc. (IDEX) in the period of the previous 100 days is set at 8.43%, which indicates a major fall in contrast to 57.82% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 70.79% that was lower than 89.06% volatility it exhibited in the past 100-days period.