S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NASDAQ:IDEX

Ideanomics (IDEX) Stock Price, News & Analysis

$0.95
+0.05 (+5.56%)
(As of 03/28/2024 ET)
Today's Range
$0.90
$0.96
50-Day Range
$0.90
$1.58
52-Week Range
$0.88
$16.13
Volume
453,328 shs
Average Volume
530,708 shs
Market Capitalization
$11.37 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
N/A

Ideanomics MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
18.29% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.47mentions of Ideanomics in the last 14 days
Based on 4 Articles This Week
Insider Trading
Acquiring Shares
$1,900 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.49 out of 5 stars

Business Services Sector

293rd out of 310 stocks

Motor Vehicles & Car Bodies Industry

26th out of 27 stocks

IDEX stock logo

About Ideanomics Stock (NASDAQ:IDEX)

Ideanomics, Inc. is a global leader in developing and implementing zero-emission mobility solutions for commercial vehicle markets worldwide. With a strong focus on driving the adoption of electric vehicles (EVs) by commercial fleet operators, Ideanomics offers a comprehensive range of products and services to support the transition to sustainable transportation.

The company's primary business unit, Ideanomics Mobility, provides end-to-end solutions for fleet operators. This includes procurement, financing, charging infrastructure, and energy management services tailored to meet the unique needs of commercial fleet operators. Ideanomics aims to facilitate the widespread adoption of electric commercial vehicles by addressing various segments within the commercial vehicle market.

Ideanomics Mobility offers an extensive portfolio of zero-emission mobility solutions, such as commercial electric vans, trucks, buses, electric tractors, and two-wheeled transportation options. In addition, the company provides energy services and infrastructure solutions, including charging systems, energy storage, and generation technologies such as hydrogen and solar. These offerings are complemented by advanced data and management applications that enable fleet operators to optimize their operations and embrace sustainable transportation practices.

An experienced and dedicated management team leads Ideanomics. Founder and Independent Executive Chairman, Shane B. McMahon, brings his entrepreneurial expertise to the company. Under his guidance, Ideanomics has expanded its focus on developing and commercializing zero-emission mobility solutions. Alfred P. Poor is the Chief Executive Officer and Director, providing strategic leadership and driving the company's growth initiatives. The management team comprises professionals with diverse backgrounds and expertise in electric mobility, finance, and technology, ensuring a well-rounded approach to achieving the company's goals.

Ideanomics has reported its financial performance for the past year, showcasing key metrics that provide insights into the company's growth and profitability. The company reported total revenue down and indicated a decrease of over 30%. This decline in revenue reflects certain market dynamics and challenges faced by the company during that period.

Operating expenses for the same period increased by over 10%. Although expenses increased, Ideanomics remained committed to optimizing its operational efficiency to drive long-term profitability. The company's net income recently reflected an improvement. 

When considering the company's financial performance, it is essential to evaluate its long-term trends and compare them to broader industry benchmarks. Ideanomics has demonstrated a commitment to improving its financials, focusing on optimizing operational efficiency and cost management. Investors should analyze the company's revenue, earnings, and profit margin metrics over several years to understand its financial trajectory comprehensively.

Ideanomics' valuation metrics should be compared to industry peers to gain insights into the company's relative position in the market. Factors such as growth potential, market positioning, and investor sentiment influence the company's valuation. With the global shift towards sustainable transportation gaining momentum, Ideanomics' focus on zero-emission mobility solutions presents significant growth opportunities. 

Monitoring Ideanomics' stock performance is crucial for investors to gauge the company's market sentiment and investor confidence. Recent news or events may have influenced the company's share price, and staying informed about such developments is essential. Analyzing the company's stock performance over time, assessing market trends, and evaluating the impact of broader market conditions are important considerations for investors. By closely monitoring these factors, investors can make informed decisions regarding their investment in Ideanomics.

Ideanomics operates in the dynamic and evolving market of electric mobility solutions. The broader industry encompasses various players involved in developing, manufacturing, and adopting electric vehicles and related infrastructure. As governments worldwide prioritize sustainability and enact stricter emission regulations, the demand for electric vehicles is expected to surge. Ideanomics competes in this industry, leveraging its expertise in zero-emission mobility solutions to differentiate itself from competitors. The company's focus on commercial fleet operators presents unique opportunities for growth and market penetration.

Ideanomics has several growth opportunities within the rapidly expanding electric mobility market. As commercial fleet operators increasingly embrace electric vehicles, Ideanomics can leverage its expertise to become a preferred partner for fleet electrification solutions. The company's comprehensive offerings, including financing, procurement, and energy management services, position it well to capture a significant market share. Furthermore, Ideanomics can explore strategic partnerships and acquisitions to expand its product portfolio and geographical reach, enabling further growth in the industry.

While Ideanomics has a promising outlook, it also faces certain risks and challenges. The electric vehicle market is highly competitive, with numerous established players and new entrants vying for market share. Ideanomics must continually innovate and differentiate itself to stay ahead of the competition. Additionally, regulatory and policy changes, supply chain disruptions, and evolving customer preferences pose challenges to the company's operations. Effective risk management strategies, continuous market adaptation, and strong customer relationships are crucial for sustained success.

IDEX Stock Price History

IDEX Stock News Headlines

Ideanomics, Inc. (IDEX.MX)
Did You Get Your Free Bitcoin Yet?
And my special guest is willing to give you $10 in Bitcoin (BTC) if you take it seriously. Right now is a very important time to pay attention to what we are doing and what is happening. If you wait... it will be too late. This week we are holding several workshops and if you attend and pay attention my special guest is going to send you $10 in Bitcoin.
Turkish bank launches biometric payment cards based on IDEX Pay
IDEX Apr 2024 1.500 call
Did You Get Your Free Bitcoin Yet?
And my special guest is willing to give you $10 in Bitcoin (BTC) if you take it seriously. Right now is a very important time to pay attention to what we are doing and what is happening. If you wait... it will be too late. This week we are holding several workshops and if you attend and pay attention my special guest is going to send you $10 in Bitcoin.
IDEX Apr 2024 3.000 call
IDEX Mar 2024 2.500 call
IDEX Mar 2024 0.500 call
IDEX Feb 2024 2.500 call
IDEX Biometrics receives orders from an expanding global customer base
Ideanomics Inc IDEX
Ideanomics, Inc. Reports Q3 2023 Financial Results
Ideanomics, Inc. Common Stock (IDEX)
See More Headlines
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Company Calendar

Last Earnings
8/25/2023
Today
3/28/2024
Next Earnings (Confirmed)
4/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Motor vehicles & car bodies
Sub-Industry
N/A
Current Symbol
NASDAQ:IDEX
Fax
N/A
Employees
565
Year Founded
N/A

Profitability

Net Income
$-260,690,000.00
Net Margins
-931.66%
Pretax Margin
-990.13%

Debt

Sales & Book Value

Annual Sales
$100.94 million
Book Value
$28.94 per share

Miscellaneous

Free Float
11,898,000
Market Cap
$11.37 million
Optionable
Optionable
Beta
0.58
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Key Executives


IDEX Stock Analysis - Frequently Asked Questions

How have IDEX shares performed in 2024?

Ideanomics' stock was trading at $1.99 at the beginning of the year. Since then, IDEX shares have decreased by 52.3% and is now trading at $0.95.
View the best growth stocks for 2024 here
.

When is Ideanomics' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, April 1st 2024.
View our IDEX earnings forecast
.

How can I listen to Ideanomics' earnings call?

Ideanomics will be holding an earnings conference call on Monday, April 1st at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Ideanomics' earnings last quarter?

Ideanomics, Inc. (NASDAQ:IDEX) issued its quarterly earnings results on Friday, August, 25th. The company reported ($3.19) earnings per share for the quarter, topping the consensus estimate of ($6.25) by $3.06. The business had revenue of $8.18 million for the quarter. Ideanomics had a negative net margin of 931.66% and a negative trailing twelve-month return on equity of 246.84%. During the same quarter in the prior year, the business posted ($10.00) EPS.

When did Ideanomics' stock split?

Shares of Ideanomics reverse split before market open on Friday, August 25th 2023. The 1-125 reverse split was announced on Friday, August 25th 2023. The number of shares owned by shareholders was adjusted after the market closes on Friday, August 25th 2023. An investor that had 100 shares of stock prior to the reverse split would have 1 shares after the split.

What other stocks do shareholders of Ideanomics own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Ideanomics investors own include NIO (NIO), Sorrento Therapeutics (SRNE), Vaxart (VXRT), Genius Brands International (GNUS), Inovio Pharmaceuticals (INO), Purple Biotech (KTOV), Heat Biologics (HTBX), Workhorse Group (WKHS), iBio (IBIO) and Tesla (TSLA).

Who are Ideanomics' major shareholders?

Ideanomics' stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (0.75%), Vanguard Group Inc. (0.75%), Northern Trust Corp (0.21%), Citadel Advisors LLC (0.00%), Simplex Trading LLC (0.00%) and Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include Alfred Poor, Andrea Maria Hayward and Shane Mcmahon.
View institutional ownership trends
.

How do I buy shares of Ideanomics?

Shares of IDEX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:IDEX) was last updated on 3/29/2024 by MarketBeat.com Staff

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