Let’s start up with the current stock price of Ideanomics Inc. (IDEX), which is $0.68 to be very precise. The Stock rose vividly during the last session to $0.7299 after opening rate of $0.702 while the lowest price it went was recorded $0.6692 before closing at $0.70.Recently in News on June 17, 2022, Ideanomics Announces Conference Call to Update Investors on the VIA Motors Merger. Ideanomics (NASDAQ: IDEX) (“Ideanomics” or the “Company”), a global company focused on accelerating the adoption of commercial electric vehicles (EV), today announced that on June 23, 2022 at 4:00pm ET both Ideanomics and VIA Motors management will provide a general update regarding the pending VIA Motors Merger. 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 $1.4500 on 01/04/22, with the lowest value was $0.5071 for the same time period, recorded on 05/12/22.
Ideanomics Inc. (IDEX) full year performance was -76.59%
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 -78.96% during the 52-week period from high price, and 34.83% 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 $0.51 and $3.25.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 6677893 for the day, which was evidently higher, 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 -43.03%, having the revenues showcasing -26.85% 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 325.30M, as it employees total of 110 workers.
The Analysts eye on Ideanomics Inc. (IDEX)
During the last month, 1 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 0.8360, with a change in the price was noted -0.28. In a similar fashion, Ideanomics Inc. posted a movement of -29.04% for the period of last 100 days, recording 6,125,157 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 0.00 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 38.14%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 70.71%. In the last 20 days, the company’s Stochastic %K was 74.74% and its Stochastic %D was recorded 72.31%.
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 encouraging, given the fact the metric is recording -43.03%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -51.85%, alongside a downfall of -76.59% for the period of the last 12 months. The shares increased approximately by 7.13% in the 7-day charts and went down by 13.76% in the period of the last 30 days. Common stock shares were lifted by -26.85% during last recorded quarter.