In the current trading session, Ideanomics Inc.’s (IDEX) stock is trading at the price of $0.11, a fall of -0.28% over last night’s close. So, the stock is trading at a price that is -90.63% less than its 52-week high of $1.15 and 9.12% better than its 52-week low of $0.10. Based on the past 30-day period, the stock price is -14.55% below the high and +11.25% above the low.
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The 200-day Simple moving average is often placed more emphasis on by traders because of daily price changes. Investors will use the SMA-200 in different situations in trading activity as a key indicator to determine their support and resistance levels, and at the moment, IDEX’s SMA-200 is $0.3509.
It is also essential to consider IDEX stock ratios like the price-to-sales ratio, which is 0.69 for the last year.
How does Ideanomics Inc. (IDEX) stock rate among analysts? Buy, sell, or hold?
The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. Currently, there are 1 brokerage firms that recommend the stock as a Hold. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1. Using a scale of 1-5, the current average recommendation is 3.00 in simple terms.
Ideanomics Inc. (IDEX): Earnings History
If we examine Ideanomics Inc.’s recent earnings history, in the last quarter ended on 9/29/2022, it posted adjusted earnings per share of -$0.08, beating the consensus of -$0.05. In other words, it beat the consensus by -$0.03, resulting in a -60.00% surprise. In the 3 months period before the previous quarter which was closed on 9/29/2022, the stock recorded adjusted earnings per share of -$0.08 in contrast with the Outlook of -$0.05. That was a difference of -$0.03 and a surprise of -60.00%.
Ideanomics Inc. (NASDAQ: IDEX) Ownership Details
I will give a breakdown of the key shareholders in Ideanomics Inc. (IDEX). Recent figures show that the company’s insiders hold 11.97% of shares. A total of 111 institutional investors hold shares in the company, making 3.58% of its stock and 4.07% of its float.
Sep 29, 2022, it was reported that the Company’s largest institutional holder is State Street Corporation holding total of 4.54 million shares that make 0.67% of the company’s total number of shares and are currently priced at 1.25 million.
The securities firm Millennium Management Llc holds 3.51 million shares of IDEX, making it the second largest institutional shareholder. Taking this into account, the holding percentage comes to 0.52%, and the holding percentage of shares is valued at 0.97 million.
An overview of Ideanomics Inc.’s technicals
In order to learn about trade movements and investor behavior, it is best to analyze the short, medium, and long term technical indicators along with the average volume of a stock. A 20-day average of the stock’s daily volume suggests Ideanomics Inc. (IDEX) traded 14,653,755 shares per day, with a moving average of $0.1140 and price change of -0.01. With the moving average of $0.1438 and a price change of -0.07, about 16,799,930 shares changed hands on average over the past 50 days. Finally, IDEX’s 100-day average volume is 12,303,281 shares, alongside a moving average of $0.1748 and a price change of -0.14.
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