The name Ideanomics Inc. (IDEX) should be kept on your radar

As of close of business last night, Ideanomics Inc.’s stock clocked out at $0.18, up 3.69% from its previous closing price of $0.17. In other words, the price has increased by $+0.0064 from its previous closing price. On the day, 8649981 shares were traded. IDEX stock price reached its highest trading level at $0.1828 during the session, while it also had its lowest trading level at $0.1750.

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To gain a deeper understanding of IDEX’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.30 and its Current Ratio is at 2.70. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.01.

Upgrades & Downgrades

On February 11, 2022, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $3.

On April 14, 2021, ROTH Capital started tracking the stock assigning a Buy rating and target price of $7.ROTH Capital initiated its Buy rating on April 14, 2021, with a $7 target price.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Oct 21 when Poor Alfred bought 400,000 shares for $0.25 per share. The transaction valued at 100,000 led to the insider holds 1,889,125 shares of the business.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.91 while its Price-to-Book (P/B) ratio in mrq is 0.34.

Stock Price History:

Over the past 52 weeks, IDEX has reached a high of $1.15, while it has fallen to a 52-week low of $0.14. The 50-Day Moving Average of the stock is 0.2052, while the 200-Day Moving Average is calculated to be 0.4910.

Shares Statistics:

It appears that IDEX traded 8.97M shares on average per day over the past three months and 9.03M shares per day over the past ten days. A total of 579.45M shares are outstanding, with a floating share count of 549.50M. Insiders hold about 0.30% of the company’s shares, while institutions hold 4.60% stake in the company. Shares short for IDEX as of Oct 13, 2022 were 36.51M with a Short Ratio of 43.23M, compared to 40.32M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 6.74% and a Short% of Float of 6.85%.

Earnings Estimates

As of right now, 1 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.05 for the current quarter, with a high estimate of -$0.05 and a low estimate of -$0.05, while EPS last year was -$0.11. The consensus estimate for the next quarter is -$0.08, with high estimates of -$0.08 and low estimates of -$0.08.

Analysts are recommending an EPS of between -$0.21 and -$0.21 for the fiscal current year, implying an average EPS of -$0.21. EPS for the following year is -$0.24, with 1 analysts recommending between -$0.24 and -$0.24.

Revenue Estimates

In the current quarter, 1 analysts expect revenue to total $43.2M. It ranges from a high estimate of $43.2M to a low estimate of $43.2M. As of the current estimate, Ideanomics Inc.’s year-ago sales were $27.05M, an estimated increase of 59.70% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $48.8M, an increase of 85.90% over than the figure of $59.70% in the same quarter last year. There is a high estimate of $48.8M for the next quarter, whereas the lowest estimate is $48.8M.

A total of 1 analysts have provided revenue estimates for IDEX’s current fiscal year. The highest revenue estimate was $151.6M, while the lowest revenue estimate was $151.6M, resulting in an average revenue estimate of $151.6M. In the same quarter a year ago, actual revenue was $114.08M, up 32.90% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $396.1M in the next fiscal year. The high estimate is $396.1M and the low estimate is $396.1M. The average revenue growth estimate for next year is up 161.30% from the average revenue estimate for this year.