Why did Ideanomics stock skyrocket in November?
· Shares of Ideanomics, Inc. ( IDEX -5.98%) are tumbling today as some investors are likely cashing in on the gains the technology stock made in November. Shares of the company fell by as much as 24...
What happened to Ideanomics?
Get the latest Ideanomics, Inc. (IDEX) stock news and headlines to help you in your trading and investing decisions.
Is Ideanomics (IDEX) stock a big winner?
· Shares of Ideanomics, Inc. (NASDAQ: IDEX) were plummeting today as investors reacted to a short-seller tweet by Hindenburg Research. The company's stock was down as much as 15.5% by midday.
Why are Ideanomics shares tumbling today?
· Shares of Ideanomics ( IDEX 7.62% ) have tanked today, down by 24% as of 12:05 p.m. EDT, after the company reported second-quarter earnings. Total revenue declined significantly and Ideanomics...
Is Ideanomics a good stock to buy now?
Analyst coverage of Ideanomics is limited, with only two companies, Roth Capital and Cantor Fitzgerald, offering an IDEX stock prediction, according to the data from MarketBeat. With a consensus price target of $5 that suggests an upside of 419% from today's (22 March) price of $0.96.
Is IDEX a good stock to buy 2021?
The earnings for 2021 will have a definite impact on the IDEX stock forecast 2022 and beyond. The 3rd quarter earnings report for 2021 was disappointing, as the revenue of $27.05m missed the consensus estimates by nearly 17%, despite beating the revenue for the same period in 2020.
Will IDEX ever go back up?
On average, analysts forecast that IDEX's EPS will be -$0.17 for 2022, with the lowest EPS forecast at -$0.26, and the highest EPS forecast at -$0.09. On average, analysts forecast that IDEX's EPS will be -$0.07 for 2023, with the lowest EPS forecast at -$0.07, and the highest EPS forecast at -$0.07.
Is IDEX a Chinese company?
About IDEX IDEX ASA is a Norwegian public company specializing in fingerprint imaging and recognition technology.
Is IDEX overvalued?
To conclude, The stock of Ideanomics (NAS:IDEX, 30-year Financials) is believed to be significantly overvalued. The company's financial condition is fair and its profitability is poor. Its growth ranks in the bottom 10% of the companies in Software industry.
Is IDEX a good crypto?
WalletInvestor's IDEX crypto price prediction says IDEX is an “awesome” long term investment and will reach $0.17 in a year. IDEX is expected to hit $0.40 in May three years' time, according to its IDEX price prediction for 2025, and reach the $0.63 mark in May 2027.
What is the future of IDEX?
Ideanomics Inc (NASDAQ:IDEX) The 2 analysts offering 12-month price forecasts for Ideanomics Inc have a median target of 2.00, with a high estimate of 3.00 and a low estimate of 1.00. The median estimate represents a +224.57% increase from the last price of 0.62.
What companies does Ideanomics own?
Ideanomics, Inc. (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 does Ideanomics do?
Company Description 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.
Who is the owner of Ideanomics?
Alf Poor (2019–)Ideanomics / CEO
Is Ideanomics an American company?
Headquartered in New York, Ideanomics is a global group with a simple mission: to accelerate the commercial adoption of electric vehicles.
Who started IDEX?
IDEX was formed when Kohlberg Kravis Roberts purchased several divisions of Houdaille Industries, which had recently been sold by KKR to Tube Instruments.
What is the 52 week high of IDEX?
How many stocks are there on Robinhood?
The current 52-week high sits at $5.53, which is also its all-time high. Coming off of a strong earnings beat this month, retail traders have placed IDEX on their list of penny stocks to watch. According to CEO Alfred Poor, the outlook could be even brighter for the company.
The company's EV charging subsidiary made several new announcements
You can find plenty of stocks on the trading platform's 100 most popular list with sky-high share prices. Currently, there are 13 stocks included in the 100 most widely held stocks on Robinhood that have share prices of less than $5 and therefore qualify as penny stocks.
What happened
Chris has covered Tech and Telecom companies for The Motley Fool since 2012. Follow him on Twitter for the latest tech stock coverage. Follow @tmfnewsie
So what
Shares of Ideanomics ( NASDAQ:IDEX) soared today after the company announced that one of its subsidiaries, WAVE, anticipates it'll have a reduction in electric vehicle (EV) charging costs, thanks to "recent manufacturing and engineering investments."
Now what
WAVE is developing wireless charging solutions for medium- and heavy-duty vehicles. Some of its technology includes a hands-free charging system that is "embedded in roadways and charges vehicles during scheduled stops."
Who is the CEO of Ideanomics?
Some investors were clearly happy with Ideanomics' announcement today, but some of that optimism should be tempered by the company's lackluster share performance over the year.
When will Ideanomics join Russell 3000?
Ideanomics (NASDAQ: IDEX) today announced that Dr. Abas Goodarzi, Ideanomics' Chief Scientist and CEO of US Hybrid, was named the recipient of the 2021 IEEE PELS Vehicle and Transportation Systems Achievement Award, a prestigious recognition for his decades-long contributions to the advancement of electric powertrains for medium- and heavy-duty vehicles.
Is Ideanomics a company?
According to a preliminary list of additions posted on June 4, this will take effect after the US market opens on June 28.
How much did Ideanomics buy Wave?
Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company") today announced it has completed its previously reported May 12, 2021, definitive agreement to acquire 100 percent of privately held US Hybrid, a manufacturer and distributor of electric powertrain components and fuel cell engines for medium and heavy-duty commercial fleet applications. The material details of the terms are disclosed in the Company's related 8-K filing. The completed acquisition is another critical milestone in Ideanomics
How many bitcoins does Ideanomics own?
Ideanomics then announced the purchase of Wireless Advanced Vehicle Electrification, or WAVE, for $50 million in cash and stock. But the purchase price itself raises concerns. This is a market where EV charging companies are valued in the billions off often-minimal revenues. Why is WAVE, with supposedly advanced wireless charging solutions, settling for a relatively paltry price?
When did the blockchain pivot happen?
In fact, in the middle of 2019, the company claimed to own “2,409 Bitcoins and 17,460 Ethereum.” At the moment, those holdings would be worth over $100 million.
Is Ideanomics early in its growth cycle?
The blockchain pivot came in 2017, after an attempt to develop a streaming video business in China (known as You on Demand) fizzled out. The move to clean energy, via the company’s Mobile Energy Group, followed in 2019. In both cases, it’s not hard to get the sense that Ideanomics was simply chasing the ‘hot’ sector.
Is Ideanomics a winner?
Now, an investor could look at the losses and argue that Ideanomics simply is early in its growth cycle. After all, there is no shortage of unprofitable companies with valuations well above Ideanomics’ current market capitalization of $650 million.
Did Ideanomics buy FinTalk?
Ideanomics (NASDAQ: IDEX) stock seems like a potentially huge winner. After all, Ideanomics has positioned itself to grow in both the blockchain and electric vehicle industries.
Does it matter if you have $500 in savings?
There’s also the problem that Ideanomics’ past acquisitions and efforts have generally struck out. In 2018, it acquired FinTalk for $5.7 million and promptly wound the business down. ‘Influencer’ platform Grapevine was acquired and then supposedly sold last year, but according to Securities and Exchange Commission filings remains on the books. It’s done little to contribute to Ideanomics’ results.
What is Ideanomics' corporate name?
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How much did Ideanomics make in 2018?
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.
How much is Timios worth?
In 2018, Ideanomics (the current name was adopted in August 2018) generated $3 million in gross profit. Selling, general, and administrative expenses totaled more than $22 million. The company pitched its operating losses as the price to pay for gaining experience with its fintech efforts.
Does Ideanomics own Bitcoin?
At the least, Timios can’t justify a market capitalization that now, on a fully diluted basis, sits over half a billion dollars. Neither can Solectrac, with an implied valuation of about $15 million.
Does Ideanomics have a consulting business?
Unsurprisingly, Ideanomics wound up writing off all of its GTB after disclosing in a 2019 SEC filing that “the Company owns 2,409 Bitcoin and 17,460 Ethereum.”. CEO Alf Poor told a caller on last year’s second quarter conference call that the company had converted its GTB to Bitcoin.
Is IDEX a cryptocurrency?
Ideanomics apparently developed a consulting offering as well. In 2019, it booked $40.7 million in “digital business consulting services” revenue. Those revenues came in conjunction with two transactions in the first quarter of that year, in which Ideanomics received a cryptocurrency known as GTDollar Coins, or GTB.
Did YOD work?
In its dodgy history, IDEX stock has been an EV play, a cryptocurrency and a fintech
