Ideanomics Stock Today

IDEX
 Stock
  

USD 0.33  0.02  5.71%   

Market Performance
0 of 100
Odds Of Distress
Over 97
Ideanomics is trading at 0.33 as of the 28th of September 2022; that is -5.71 percent decrease since the beginning of the trading day. The stock's open price was 0.35. Ideanomics has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors over the last 90 days. Equity ratings for Ideanomics are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of June 2022 and ending today, the 28th of September 2022. Click here to learn more.
Ideanomics, Inc. focuses on driving the adoption of commercial electric vehicles, associated energy consumption, and developing financial services and fintech products. Ideanomics, Inc. was incorporated in 2004 and is headquartered in New York, New York. The company has 497.68 M outstanding shares of which 40.79 M shares are currently shorted by private and institutional investors with about 4.91 trading days to cover. More on Ideanomics

Moving together with Ideanomics

+0.85HPQHp Inc Fiscal Year End 22nd of November 2022 PairCorr
Follow Valuation Odds of Bankruptcy
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Ideanomics Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Ideanomics' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Ideanomics or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Ideanomics generated a negative expected return over the last 90 days
Ideanomics has some characteristics of a very speculative penny stock
Ideanomics has high historical volatility and very poor performance
Ideanomics has a very high chance of going through financial distress in the upcoming years
The company reported the previous year's revenue of 98.9 M. Net Loss for the year was (115.71 M) with profit before overhead, payroll, taxes, and interest of 2.06 M.
Ideanomics currently holds about 315.37 M in cash with (61.79 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.63, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Latest headline from finance.yahoo.com: Ideanomics achieves breakthrough milestone for 500kW ultra-fast charging - Yahoo Finance
CEO, DirectorBrett McGonegal
Average Analyst Recommendation
Analysts covering Ideanomics report their recommendations after researching Ideanomics' financial statements, talking to executives and customers, or listening in on Ideanomics' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Ideanomics. The Ideanomics consensus assessment is calculated by taking the average forecast from all of the analysts covering Ideanomics.
Strong Buy1 Opinion
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Ideanomics' available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellUndervalued
Ideanomics (IDEX) is traded on NASDAQ Exchange in USA and employs 110 people. The company currently falls under 'Small-Cap' category with current market capitalization of 163.94 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Ideanomics's market, we take the total number of its shares issued and multiply it by Ideanomics's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Ideanomics conducts business under Industrials sector and is part of Farm & Heavy Construction Machinery industry. The entity has 497.68 M outstanding shares of which 40.79 M shares are currently shorted by private and institutional investors with about 4.91 trading days to cover. Ideanomics currently holds about 315.37 M in cash with (61.79 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.63, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check Ideanomics Probability Of Bankruptcy
Ownership
Ideanomics has a total of four hundred ninety-seven million six hundred eighty thousand outstanding shares. Ideanomics retains 6.09 (percent) if its outstanding shares held by insiders and 6.09 (percent) owned by outside corporations . Please note that no matter how much assets the company holds, if the real value of the firm is less than the current market value, you may not be able to make money on it.

Ownership Allocation (%)

Check Ideanomics Ownership Details

Ideanomics Stock Price Odds Analysis

Based on a normal probability distribution, the odds of Ideanomics jumping above the current price in 90 days from now is close to 99%. The Ideanomics probability density function shows the probability of Ideanomics stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Ideanomics has a beta of 0.6826. This usually indicates as returns on the market go up, Ideanomics average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Ideanomics will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Ideanomics is significantly underperforming DOW.
  Odds Below 0.33HorizonTargetOdds Above 0.33
0.32%90 days
 0.33 
99.68%
Based on a normal probability distribution, the odds of Ideanomics to move above the current price in 90 days from now is close to 99 (This Ideanomics probability density function shows the probability of Ideanomics Stock to fall within a particular range of prices over 90 days) .

Ideanomics Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Ideanomics that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Ideanomics' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Ideanomics' value.
InstituionSecurity TypeTotal SharesValue
Millennium Management LlcCommon Shares8.3 M5.5 M
D E Shaw Co IncCommon Shares6.8 M4.5 M
Susquehanna International Group LlpPut Options1.7 M1.1 M
Susquehanna International Group LlpCall Options914.4 K604 K
View Ideanomics Diagnostics

Ideanomics Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Ideanomics market risk premium is the additional return an investor will receive from holding Ideanomics long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Ideanomics. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Ideanomics' alpha and beta are two of the key measurements used to evaluate Ideanomics' performance over the market, the standard measures of volatility play an important role as well.

Ideanomics Stock Against Markets

Picking the right benchmark for Ideanomics stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Ideanomics stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Ideanomics is critical whether you are bullish or bearish towards Ideanomics at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ideanomics without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Ideanomics Corporate Directors

Ideanomics corporate directors refer to members of an Ideanomics board of directors. The board of directors generally takes responsibility for the Ideanomics' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Ideanomics' board members must vote for the resolution. The Ideanomics board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Steven Fadem - Independent DirectorProfile
John Wallace - DirectorProfile
Xin Wang - Independent DirectorProfile
Kang Zhao - Independent DirectorProfile

Invested in Ideanomics?

The danger of trading Ideanomics is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Ideanomics is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Ideanomics. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ideanomics is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please see Risk vs Return Analysis. Note that the Ideanomics information on this page should be used as a complementary analysis to other Ideanomics' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

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When running Ideanomics price analysis, check to measure Ideanomics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ideanomics is operating at the current time. Most of Ideanomics' value examination focuses on studying past and present price action to predict the probability of Ideanomics' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Ideanomics' price. Additionally, you may evaluate how the addition of Ideanomics to your portfolios can decrease your overall portfolio volatility.
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Is Ideanomics' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ideanomics. If investors know Ideanomics will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ideanomics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Ideanomics is measured differently than its book value, which is the value of Ideanomics that is recorded on the company's balance sheet. Investors also form their own opinion of Ideanomics' value that differs from its market value or its book value, called intrinsic value, which is Ideanomics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ideanomics' market value can be influenced by many factors that don't directly affect Ideanomics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ideanomics' value and its price as these two are different measures arrived at by different means. Investors typically determine Ideanomics value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ideanomics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.