Ideanomics Inc (NASDAQ: IDEX) closed the day trading at $1.03 up 3.00% from the previous closing price of $1.00. In other words, the price has increased by $+0.0300 from its previous closing price. On the day, 593491 shares were traded.
Ratios:
For a better understanding of IDEX, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.27 and its Current Ratio is at 0.42. In the meantime, Its Debt-to-Equity ratio is 1.32 whereas as Long-Term Debt/Eq ratio is at 0.53.
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 Feb 07 when Hayward Andrea Maria bought 2,000 shares for $0.95 per share. The transaction valued at 1,900 led to the insider holds 2,000 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, IDEX now has a Market Capitalization of 11.97M and an Enterprise Value of 45.71M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.34 while its Price-to-Book (P/B) ratio in mrq is 0.75. Its current Enterprise Value per Revenue stands at 0.48 whereas that against EBITDA is -0.14.
Stock Price History:
Over the past 52 weeks, IDEX has reached a high of $17.38, while it has fallen to a 52-week low of $0.90. The 50-Day Moving Average of the stock is 1.4088, while the 200-Day Moving Average is calculated to be 4.3899.
Shares Statistics:
Over the past 3-months, IDEX traded about 322.40K shares per day on average, while over the past 10 days, IDEX traded about 304.57k shares per day. A total of 12.00M shares are outstanding, with a floating share count of 9.68M. Insiders hold about 19.27% of the company’s shares, while institutions hold 4.67% stake in the company. Shares short for IDEX as of Jan 31, 2024 were 2.04M with a Short Ratio of 6.33, compared to 1.24M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 17.06% and a Short% of Float of 17.16%.
Earnings Estimates
Current recommendations for the stock of the company come from 0 analysts. On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0 and a low estimate of $0, while EPS last year was -$0.06. 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 and $0 for the fiscal current year, implying an average EPS of $0. EPS for the following year is $0, with 0 analysts recommending between $0 and $0.
Revenue Estimates
A total of 1 analysts have provided revenue estimates for IDEX’s current fiscal year. The highest revenue estimate was $3.29B, while the lowest revenue estimate was $3.29B, resulting in an average revenue estimate of $3.29B. In the same quarter a year ago, actual revenue was $100.94M, up 3,156.50% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $3.42B in the next fiscal year. The high estimate is $3.42B and the low estimate is $3.42B. The average revenue growth estimate for next year is up 4.00% from the average revenue estimate for this year.
