Ideanomics Inc. (IDEX) distance from 20-day Simple moving Average is 2.32%: What to Expect?

investchronicle 89

Ideanomics Inc. (IDEX) is priced at $0.98 after the most recent trading session. At the very opening of the session, the stock price was $1.00 and reached a high price of $1.02, prior to closing the session it reached the value of $1.00. The stock touched a low price of $0.985.

Recently in News on September 26, 2020, SHAREHOLDER ALERT: WeissLaw LLP Investigates Ideanomics, Inc.. WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Ideanomics, Inc. (“IDEX” or the “Company”) (NASDAQ: IDEX) in connection with the September 4, 2020, Standby Equity Distribution Agreement (“SEDA”) with Yorkville Advisors (“Yorkville”). Under the terms of the SEDA, Yorkville will purchase an aggregate of up to $150 million of the Company’s common stock over a period of 36 months. The SEDA shares will be purchased at 90% of IDEX’s market price, calculated as the lowest daily volume weighted average price of the Company’s common stock during the five consecutive trading days period following the delivery of an agreed-upon notice to Yorkville. You can read further details here

Ideanomics Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $3.9800 on 06/22/20, with the lowest value was $0.2760 for the same time period, recorded on 03/06/20.

Ideanomics Inc. (IDEX) full year performance was -34.67%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Ideanomics Inc. shares are logging -75.31% during the 52-week period from high price, and 255.98% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.28 and $3.98.

The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 1011083 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Ideanomics Inc. (IDEX) recorded performance in the market was 16.82%, having the revenues showcasing -18.07% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 231.03M, as it employees total of 60 workers.

The Analysts eye on Ideanomics Inc. (IDEX)

During the last month, 0 analysts gave the Ideanomics Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 1.2515, with a change in the price was noted +0.5712. In a similar fashion, Ideanomics Inc. posted a movement of +139.56% for the period of last 100 days, recording 25,741,020 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for IDEX is recording 0.15 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.

Technical rundown of Ideanomics Inc. (IDEX)

Raw Stochastic average of Ideanomics Inc. in the period of last 50 days is set at 16.39%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 60.89%. In the last 20 days, the company’s Stochastic %K was 52.08% and its Stochastic %D was recorded 45.74%.

Considering, the past performance of Ideanomics Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 16.82%. Additionally, trading for the stock in the period of the last six months notably improved by 31.41%, alongside a downfall of -34.67% for the period of the last 12 months. The shares increased approximately by 9.59% in the 7-day charts and went up by -8.29% in the period of the last 30 days. Common stock shares were lifted by -18.07% during last recorded quarter.