In fact, nothing really seems to. With Ideanomics stock, investors are buying a story that doesn’t match reality. Either the reality has to change, or the stock price will.
Full Answer
Is Ideanomics (IDEX) stock a big winner?
Jul 27, 2021 · IDEX Stock Speculation. When I last wrote about Ideanomics in early April, I suggested that its stock remained a risky proposition. That was largely because it continued to go down two roads ...
Is Ideanomics a profitable company?
May 09, 2022 · What's Happening With IDEX Stock Today? Ideanomics Inc (IDEX) stock is trading at $0.57 as of 2:54 PM on Monday, May 9, a drop of -$0.07, or -10.37% from the previous closing price of $0.64. The stock has traded between $0.57 and $0.63 so far today.
What happened to Ideanomics?
Mar 03, 2022 · Thursday, March 03, 2022 01:43 PM | InvestorsObserver Analysts. Wall Street is positive on Ideanomics Inc ( IDEX ). On average, analysts give the stock a Strong Buy rating. The average price target is $4, which means analysts expect the stock to gain by 325.53% over the next twelve months. That average ranking earns the stock an Analyst Rating of 73, which is …
Is Ideanomics chasing the ‘Hot’ sector?
Mar 11, 2021 · The stock’s price-sales ratio, based on Ideanomics’ top line over the 12 months that ended in September, is 36. That’s extremely high, especially for a …
Is Ideanomics a good stock to buy now?
Is IDEX a buy or sell?
Why is ideanomics stock going up?
Is IDEX a good stock to buy 2021?
Is IDEX a good crypto?
Is Ideanomics a buy Zacks?
...
Momentum Scorecard. More Info.
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 1 | Strong Buy | 24.97% |
| 2 | Buy | 18.45% |
| 3 | Hold | 10.03% |
| 4 | Sell | 5.70% |
Will IDEX crypto go back up?
What companies does Ideanomics own?
(NASDAQ: IDEX) is a global electric vehicle company that is focuses on driving the adoption of commercial electric vehicles and associated sustainable energy consumption. It is made up of 5 subsidiaries including: VIA Motors, Solectrac, Treeletrik, Wave, and US Hybrid.
What is IDEX Crypto?
What does Ideanomics Inc do?
What is Ideanomics company?
Ideanomics, Inc. is a global company focused on facilitating the adoption of commercial electric vehicles and developing next generation financial services and fintech products. The firm operates through the Mobile Energy Global (MEG) and Ideanomics Capital business units.
Ideanomics Can Exploit the Rapid Growth of EVs in China
As I noted in my previous column, published on Dec. 15, Ideanomics links ” fleet operators that need to purchase large numbers of vehicles and manufacturers of electric vehicles (EVs).” The firm also brings together “businesses looking to buy EVs with financing companies and makers of chargers for EVs.”
The Bottom Line on IDEX Stock
Another InvestorPlace columnist Louis Navalier, has a stellar stock-picking record. He recently wrote that Ideanomics “now has a winning formula” and predicted that the stock’s ” overall trajectory is going to be upward as more money flows into the EV market.”
What is Ideanomics's subsidiary?
Ideanomics set up a subsidiary known as Intelligenta which was to offer AI solutions to the financial industry . In 2019, it acquired the Delaware Board of Trade with the aim of creating a better exchange for over-the-counter securities. Ideanomics apparently developed a consulting offering as well.
What is Ideanomics' corporate name?
Ideanomics’ corporate history can be traced to a small company called China Broadband, which as the name suggests offered broadband access in China. Via an acquisition, that company then attempted to develop a pay-per-view video-on-demand service in the country. As part of that strategy, the company changed its corporate name to You On Demand (YOD) in 2011.
What is Seven Stars Cloud Group?
The new mission? “Aiming to become a next generation Artificial-Intelligent (AI) [sic] & Blockchain-Powered, Fintech company,” according to a regulatory filing. It acquired majority stakes in two businesses and then, via partnership, started trading crude oil and consumer electronics. (Stay with me, it only gets better…)
Ideanomics: EVs Business Unit Is Growing Fast
Ideanomics, Inc. operates as a business conglomerate, and is currently investing in electric vehicles and EV battery sales as well as the blockchain industry.
Sales From Related Parties In 2019
In the nine months ended September 30, 2019, IDEX reported total revenue of $44 million with $43 million coming from related parties. Investors need to understand what a related party is. IDEX has most likely invested or has connection with a client. Most investors will not like this association.
Intangible Assets And Recent Acquisitions
In September 2020, the company reported $27 million in cash and cash equivalents, 938% more than that in December 2019. I appreciate that the company increased its level of cash. With that, there are several assets that I don’t like. IDEX reports a significant amount of intangible assets, goodwill, and investments in other entities.
The Company Is Not Cheap
In September 2020, the share count was equal to 237 million. At $1.5-2, the market capitalization is equal to $355-474 million. If we assume 2020 sales of $20 million and 20% sales growth, we could be seeing forward sales of $24 million. The company has not grown a lot in the past.
Many Related Party Transactions And Convertible Securities
Investors don’t usually like related party transactions. The market does not know whether the related party obtained better terms than a third party would obtain. IDEX has many such types of transactions. It does not look good. As a result, I believe that many institutional investors will not buy shares:
My Take
I do appreciate that IDEX is operating in the EV industry. The management is smart. It acquired an EV business right before many people got extremely interested in this sector. Having said that, the company is currently overvalued at more than 14x sales. I don’t see how investors could justify such a valuation for the company.
Ideanomics Media Sentiment
Each headline receives a score ranging from 2 (good news) to -2 (bad news). Our company news sentiment scores track the average news sentiment of articles about each company over the most recent 7 days in order to identify companies that are receiving positive press.
Media Coverage
We track news headlines from hundreds of news outlets and tag them by company. This chart compares the number of articles about this company in the last seven days compared with the average number of articles about this company on a typical week.
Ideanomics (NASDAQ IDEX) News Headlines Today
Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm.