The closing price of Ideanomics Inc (NASDAQ: IDEX) was $1.06 for the day, up 2.91% from the previous closing price of $1.03. In other words, the price has increased by $+0.0300 from its previous closing price. On the day, 715221 shares were traded.
Ratios:
Our analysis of IDEX’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 07 ’24 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 12.69M and an Enterprise Value of 46.07M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.35 while its Price-to-Book (P/B) ratio in mrq is 0.77. Its current Enterprise Value per Revenue stands at 0.49 whereas that against EBITDA is -0.14.
Stock Price History:
Over the past 52 weeks, IDEX has reached a high of $16.12, while it has fallen to a 52-week low of $0.90. The 50-Day Moving Average of the stock is 1.2948, while the 200-Day Moving Average is calculated to be 4.1641.
Shares Statistics:
IDEX traded an average of 502.51K shares per day over the past three months and 1.37M shares per day over the past ten days. 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 4.40% stake in the company. Shares short for IDEX as of Feb 15, 2024 were 2.23M with a Short Ratio of 4.43, compared to 960.27k on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 18.60% and a Short% of Float of 18.70%.
Earnings Estimates
The firm’s stock currently is rated by 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.
