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IDEX’s Stock Market Pendulum: Swinging Between Gains and Losses

The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a loss of -90.73%.However, over the last six months, we can see a stronger performance of -87.12%. Over the last 30 days, the price of IDEX has leaped by -69.84%. And in the last five days, it has fallen by -10.80%.

At present, Ideanomics Inc. (IDEX) has a stock price of $1.90. In the previous session, the stock saw a rise, peaking at $2.11 after an opening price of $2.10. The day’s lowest price was $1.88, and it closed at $2.10.

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Ideanomics Inc.’s market performance has been unstable in recent times. The company’s stock hit a 1-year high of $63.75 on 09/19/22 and a low of $2.04 for the same time frame on 09/18/23.

52-week price history of IDEX Stock

Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Ideanomics Inc.’s current trading price is -97.02% away from its 52-week high, while its distance from the 52-week low is -6.86%. The stock’s price range during this period has varied between$2.04 and $63.75. The Ideanomics Inc.’s shares, which operate in the Industrials, saw a trading volume of around 0.72 million for the day, a figure considerably higher than their average daily volume of 0.48 million over last three months.

Market Capitalization vs. Financial Performance: A Comparative Study

Ideanomics Inc. (IDEX) has experienced a quarterly decline of -81.53% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 22.79M and boasts a workforce of 565 employees.

Combining Moving Average and Trading Volume Data for Better Market Insight

Based on Barchart.com data, the company’s moving average over the 100-day period was 7.32, with a change in price of -2.49. Similarly, Ideanomics Inc. recorded 698,080 in trading volume during the last 100 days, posting a change of -56.70%.

IDEX’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look

The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for IDEX stands at 0.22. Similarly, the long-term debt-to-equity ratio is also 0.02.

IDEX Stock Stochastic Average

As of today, Ideanomics Inc.’s raw stochastic average for the last 50 days stands at 0.17%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 0.40%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 1.65% and 2.54%, respectively.

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