In the case of Ideanomics Inc. (NASDAQ: IDEX), what’s next?

Ideanomics Inc. (NASDAQ: IDEX) closed the day trading at $0.11 down -3.47% from the previous closing price of $0.12. In other words, the price has decreased by -$0.0040 from its previous closing price. On the day, 16558088 shares were traded. IDEX stock price reached its highest trading level at $0.1171 during the session, while it also had its lowest trading level at $0.1091.

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For a better understanding of IDEX, let’s look at 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:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 0.72 while its Price-to-Book (P/B) ratio in mrq is 0.21.

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 $0.10. The 50-Day Moving Average of the stock is 0.1622, while the 200-Day Moving Average is calculated to be 0.3883.

Shares Statistics:

Over the past 3-months, IDEX traded about 14.39M shares per day on average, while over the past 10 days, IDEX traded about 17.43M shares per day. A total of 674.08M shares are outstanding, with a floating share count of 593.41M. 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 Jan 30, 2023 were 44.07M with a Short Ratio of 57.00M, compared to 43.23M on Dec 29, 2022. Therefore, it implies a Short% of Shares Outstanding of 7.48% and a Short% of Float of 7.58%.

Earnings Estimates

Current recommendations for the stock of the company come from 1 analysts. On average, analysts expect EPS of -$0.08 for the current quarter, with a high estimate of -$0.08 and a low estimate of -$0.08, while EPS last year was -$0.2. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.

Analysts are recommending an EPS of between -$0.3 and -$0.3 for the fiscal current year, implying an average EPS of -$0.3. EPS for the following year is $0, with 0 analysts recommending between $0 and $0.

Revenue Estimates

1 analysts predict $48.8M in revenue for the current quarter. It ranges from a high estimate of $48.8M to a low estimate of $48.8M. As of the current estimate, Ideanomics Inc.’s year-ago sales were $26.25M, an estimated increase of 85.90% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $84.5M, an increase of 232.80% over than the figure of $85.90% in the same quarter last year. There is a high estimate of $84.5M for the next quarter, whereas the lowest estimate is $84.5M.

A total of 1 analysts have provided revenue estimates for IDEX’s current fiscal year. The highest revenue estimate was $132.7M, while the lowest revenue estimate was $132.7M, resulting in an average revenue estimate of $132.7M. In the same quarter a year ago, actual revenue was $114.08M, up 16.30% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $396.4M in the next fiscal year. The high estimate is $396.4M and the low estimate is $396.4M. The average revenue growth estimate for next year is up 198.70% from the average revenue estimate for this year.