Ideanomics Inc. (NASDAQ: IDEX) is 44.72% higher on its value in year-to-date trading and has touched a low of $0.28 and a high of $4.75 in the current 52-week trading range. The IDEX stock was last observed hovering at around $2.88 in the last trading session, with the day’s loss setting it 0.0% off its average median price target of $5.00 for the next 12 months. It is also 42.4% off the consensus price target high of $5.00 offered by 1 analysts, but current levels are 42.4% higher than the price target low of $5.00 for the same period.
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Currently trading at $2.88, the stock is 31.43% and 56.97% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 42.94 million and changing 0.00% at the moment leaves the stock 127.21% off its SMA200. IDEX registered 311.43% gain for a year compared to 6-month gain of 136.07%. The firm has a 50-day simple moving average (SMA 50) of $2.2664 and a 200-day simple moving average (SMA200) of $1.4402.
The stock witnessed a 50.00% loss in the last 1 month and extending the period to 3 months gives it a 188.12%, and is 23.08% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 21.41% over the week and 12.89% over the month.
Ideanomics Inc. (IDEX) has around 60 employees, a market worth around $650.04M and $15.80M in sales. Distance from 52-week low is 943.48% and -39.37% from its 52-week high. The company has generated returns on investments over the last 12 months (-153.60%).
Ideanomics Inc. (IDEX) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Ideanomics Inc. (IDEX) is a “Buy”. 1 analysts offering their recommendations for the stock, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Ideanomics Inc. is expected to release its quarterly report on 05/17/2021 and quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to shrink by -135.10% this year.
Ideanomics Inc. (IDEX) Top Institutional Holders
53 institutions hold shares in Ideanomics Inc. (IDEX), with 44.86M shares held by insiders accounting for 18.77% while institutional investors hold 5.87% of the company’s shares. The shares outstanding are 237.54M, and float is at 194.11M with Short Float at 16.00%. Institutions hold 4.77% of the Float.
The top institutional shareholder in the company is M&T Bank with over 2.94 million shares valued at $2.67 million. The investor’s holdings represent 1.23% of the IDEX Shares outstanding. As of Sep 29, 2020, the second largest holder is Susquehanna International Group, LLP with 2.22 million shares valued at $2.02 million to account for 0.93% of the shares outstanding. The other top investors are Morgan Stanley which holds 1.39 million shares representing 0.58% and valued at over $1.26 million, while Cubist Systematic Strategies, LLC holds 0.25% of the shares totaling 0.59 million with a market value of $0.54 million.
Ideanomics Inc. (IDEX) Insider Activity
A total of 2 insider transactions have happened at Ideanomics Inc. (IDEX) in the last six months, with sales accounting for 1 and purchases happening 1 times.