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 214.08M with Short Float at 16.72%. Institutions hold 4.77% of the Float.
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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. (NASDAQ: IDEX) is 93.72% higher on its value in year-to-date trading and has touched a low of $0.28 and a high of $5.53 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The IDEX stock was last observed hovering at around $3.73 in the last trading session, with the day’s gains setting it 0.13% off its average median price target of $5.00 for the next 12 months. It is also 22.8% off the consensus price target high of $5.00 offered by 1 analysts, but current levels are 22.8% higher than the price target low of $5.00 for the same period.
Currently trading at $3.86, the stock is -11.55% and 22.08% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 27.33 million and changing 3.35% at the moment leaves the stock 127.55% off its SMA200. IDEX registered 572.07% gain for a year compared to 6-month gain of 218.60%. The firm has a 50-day simple moving average (SMA 50) of $3.7979 and a 200-day simple moving average (SMA200) of $1.9594.
The stock witnessed a 17.89% loss in the last 1 month and extending the period to 3 months gives it a 250.45%, and is -18.84% down 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 11.26% over the week and 12.81% over the month.
Ideanomics Inc. (IDEX) has around 60 employees, a market worth around $1.39B and $15.80M in sales. Distance from 52-week low is 1296.74% and -30.29% 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) Insider Activity
A total of 2 insider transactions have happened at Ideanomics Inc. (IDEX) in the last six months, with sales accounting for 0 and purchases happening 2 times.