Ideanomics Inc. (NASDAQ: IDEX) on May 22, 2023, started off the session at the price of $0.0461, plunging -4.13% from the previous trading day. During the day, the shares moved up to $0.0465 and dropped to $0.044 before settling in for the closing price of $0.05. Within the past 52 weeks, IDEX’s price has moved between $0.02 and $0.89.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Industrials sector was -6.90%. The company achieved an average annual earnings per share of 11.10%. With a float of $533.65 million, this company’s outstanding shares have now reached $561.63 million.
Considering the fact that the conglomerate employs 565 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is -8.45, operating margin of -159.31, and the pretax margin is -272.26.
Ideanomics Inc. (IDEX) Breakdown of a Key Holders of the stock
Observing investor behavior towards Farm & Heavy Construction Machinery industry stocks is more important than anything else. The insider ownership of Ideanomics Inc. is 0.30%, while institutional ownership is 4.60%. The most recent insider transaction that took place on Oct 21, was worth 100,000. In this transaction Chief Executive Officer of this company bought 400,000 shares at a rate of $0.25, taking the stock ownership to the 1,889,125 shares.
Ideanomics Inc. (IDEX) Recent Fiscal highlights
As on 12/30/2022, Multinational firm has announced its last quarter scores, in which it reported -$0.3 earnings per share (EPS) for the period falling under the consensus outlook (set at -$0.08) by -$0.22. This company achieved a net margin of -258.27 while generating a return on equity of -102.93. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.05 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 11.10% per share during the next fiscal year.
Ideanomics Inc. (NASDAQ: IDEX) Trading Performance Indicators
Ideanomics Inc. (IDEX) is currently performing well based on its current performance indicators. A quick ratio of 1.10 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.35.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.49, a number that is poised to hit -0.04 in the next quarter and is forecasted to reach -0.10 in one year’s time.
Technical Analysis of Ideanomics Inc. (IDEX)
Compared to the last year’s volume of 48.84 million, its volume of 48.12 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 53.49%. Additionally, its Average True Range was 0.01.
During the past 100 days, Ideanomics Inc.’s (IDEX) raw stochastic average was set at 12.06%, which indicates a significant decrease from 28.40% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 104.68% in the past 14 days, which was lower than the 157.70% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.0739, while its 200-day Moving Average is $0.2401. Nevertheless, the first resistance level for the watch stands at $0.0457 in the near term. At $0.0474, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.0482. If the price goes on to break the first support level at $0.0432, it is likely to go to the next support level at $0.0424. Now, if the price goes above the second support level, the third support stands at $0.0407.
Ideanomics Inc. (NASDAQ: IDEX) Key Stats
Market capitalization of the company is 34.90 million based on 787,022K outstanding shares. Right now, sales total 100,940 K and income totals -260,690 K. The company made 17,070 K in profit during its latest quarter, and -157,000 K in sales during its previous quarter.
