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NASDAQ:IDEX

Ideanomics (IDEX) Stock Forecast, Price & News

$2.20
-0.23 (-9.47%)
(As of 12:39 PM ET)
Compare
Today's Range
$2.19
$2.45
50-Day Range
$1.82
$11.61
52-Week Range
$1.72
$46.88
Volume
226,053 shs
Average Volume
476,120 shs
Market Capitalization
$26.38 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
N/A

IDEX stock logo

About Ideanomics (NASDAQ:IDEX) Stock

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 Price History

IDEX Stock News Headlines

What's Going On With Ideanomics Stock?
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
Why Ideanomics Shares (IDEX) Are Falling
What's Going On With Ideanomics Stock Today?
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
Ideanomics, Inc. Reports Q2 2023 Financial Results
Ideanomics Approves Reverse Stock Split At Ratio Of 1-for-125
Ideanomics, Inc. Reports Q1 2023 Financial Results
What's Going On With Ideanomics (IDEX) Stock?
How To Trade Ideanomics Inc $IDEX
See More Headlines
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IDEX Company Calendar

Last Earnings
8/04/2023
Today
10/02/2023
Next Earnings (Estimated)
11/08/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Farm & Heavy Construction Machinery
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
-522.95%
Pretax Margin
-551.28%

Debt

Sales & Book Value

Annual Sales
$100.94 million
Book Value
$28.94 per share

Miscellaneous

Free Float
11,633,000
Market Cap
$29.14 million
Optionable
Optionable
Beta
0.81
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Key Executives

  • Mr. Shane B. McMahonMr. Shane B. McMahon (Age 53)
    Founder & Independent Exec. Chairman
    Comp: $1.14M
  • Mr. Alfred P. PoorMr. Alfred P. Poor (Age 54)
    CEO & Director
    Comp: $748.06k
  • Mr. Robin J. D. Mackie (Age 64)
    Chief Operating Officer
    Comp: $505.56k
  • Anthony Sklar
    Sr. VP of Investor Relations
  • Dr. Zheng Wu (Age 57)
    Chairman Emeritus
  • Mr. Scott Morrison
    Chief Financial Officer
  • Dr. George Yuan
    Chief Technology Officer of BBDCG
  • Mr. Jun Zhu
    Chief Operating Officer - Mobile Energy Group
  • Mr. Hao Li
    Head of Smart Energy Division-Mobile Energy Group
  • Dr. Liqing Hu
    Chief Scientist for Medici Motors Works













IDEX Stock - Frequently Asked Questions

How have IDEX shares performed in 2023?

Ideanomics' stock was trading at $20.50 at the beginning of the year. Since then, IDEX shares have decreased by 88.1% and is now trading at $2.43.
View the best growth stocks for 2023 here
.

Are investors shorting Ideanomics?

Ideanomics saw a increase in short interest in September. As of September 15th, there was short interest totaling 1,320,000 shares, an increase of 81.7% from the August 31st total of 726,500 shares. Based on an average daily trading volume, of 471,300 shares, the short-interest ratio is currently 2.8 days. Approximately 11.4% of the company's stock are sold short.
View Ideanomics' Short Interest
.

When is Ideanomics' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our IDEX earnings forecast
.

How were Ideanomics' earnings last quarter?

Ideanomics, Inc. (NASDAQ:IDEX) released its quarterly earnings results on Friday, August, 4th. The company reported ($8.75) EPS for the quarter. The company had revenue of $10.56 million for the quarter. Ideanomics had a negative trailing twelve-month return on equity of 118.76% and a negative net margin of 522.95%.

When did Ideanomics' stock split?

Shares of Ideanomics reverse split 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).

What is Ideanomics' stock symbol?

Ideanomics trades on the NASDAQ under the ticker symbol "IDEX."

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Ideanomics' stock price today?

One share of IDEX stock can currently be purchased for approximately $2.43.

How much money does Ideanomics make?

Ideanomics (NASDAQ:IDEX) has a market capitalization of $29.14 million and generates $100.94 million in revenue each year. The company earns $-260,690,000.00 in net income (profit) each year or ($65.96) on an earnings per share basis.

How many employees does Ideanomics have?

The company employs 565 workers across the globe.

How can I contact Ideanomics?

Ideanomics' mailing address is 55 BROADWAY 19TH FLOOR, NEW YORK NY, 10006. The official website for the company is www.ideanomics.com. The company can be reached via phone at (212) 206-1216 or via email at ir@ideanomics.com.

This page (NASDAQ:IDEX) was last updated on 10/2/2023 by MarketBeat.com Staff

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