NASDAQ:IDEX

Ideanomics Price Target, Predictions & Analyst Ratings

$0.62

+0.08 (+15.02%)

(As of 05/13/2022 06:55 PM ET)

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Today's Range: $0.57
▼
$0.63
50-Day Range: $0.53
▼
$1.13
52-Week Range: $0.51
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$3.61

Volume: 5.62 million shs
Average Volume: 6.29 million shs
Market Capitalization: $310.30 million

P/E Ratio: N/A
Dividend Yield: N/A
Beta: 0.11

Ideanomics (NASDAQ:IDEX) Price Target and Consensus Rating

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analyst Rating Consensus

Buy
Based on 2 Analyst Ratings

Analyst Price Target Consensus

$3.00
381.15% Upside

High PT	$3.00
Average PT	$3.00
Low PT	$3.00

Type	Current 5/16/21 to 5/16/22	1 Month Ago 4/16/21 to 4/16/22	3 Months Ago 2/15/21 to 2/15/22	1 Year Ago 5/16/20 to 5/16/21
Consensus Rating	Buy	Buy	Buy	Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	2 Buy rating(s)	1 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$3.00	$3.00	$5.00	$7.00
Price Target Upside	381.15% Upside	183.02% Upside	165.25% Upside	158.30% Upside

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Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

Average Share Price and Price Target by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Ideanomics (NASDAQ:IDEX) vs. Its Competitors

Type	Ideanomics	Business Services Companies	S&P 500
Consensus Rating Score	2.50	2.64	2.52
Consensus Rating	Buy	Buy	Buy
Price Target Upside	381.15% Upside	175.19% Upside	26.33% Upside
News Sentiment Rating	Neutral News	Neutral News	Neutral News
MarketBeat Community Rating	Outperform Votes 75 69.44% Underperform Votes 33 30.56%	Avg. Outperform Votes 167 63.98% Avg. Underperform Votes 94 36.02%	Avg. Outperform Votes 838 69.31% Avg. Underperform Votes 371 30.69%

Ideanomics (NASDAQ:IDEX) Analyst Ratings History

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date	Details
4/7/2022	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Irwin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
2/11/2022	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Sheppard Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Overweight	$3.00	+183.02%

(Data available from 5/16/2017 forward. View 10+ years of historical ratings with our analyst ratings screener.)

Ideanomics (NASDAQ:IDEX) Analyst Ratings Frequently Asked Questions

What is Ideanomics's consensus rating and price target?: According to the issued ratings of 2 analysts in the last year, the consensus rating for Ideanomics stock is Buy based on the current 1 hold rating and 1 buy rating for IDEX. The average twelve-month price target for Ideanomics is $3.00 with a high price target of $3.00 and a low price target of $3.00. Learn more on IDEX's analyst rating history.
Do Wall Street analysts like Ideanomics more than its competitors?: Analysts like Ideanomics stock less than the stock of other Business Services companies. The consensus rating score for Ideanomics is 2.50 while the average consensus rating score for business services companies is 2.65. Learn more on how IDEX compares to other companies.
Do MarketBeat users like Ideanomics more than its competitors?: MarketBeat users like Ideanomics stock more than the stock of other Business Services companies. 69.44% of MarketBeat users gave Ideanomics an outperform vote while business services companies recieve an average of 63.81% outperform votes by MarketBeat users.

Is Ideanomics being downgraded by Wall Street analysts?: Over the previous 90 days, Ideanomics's stock had 1 downgrade by analysts.
Does Ideanomics's stock price have much upside?: According to analysts, Ideanomics's stock has a predicted upside of 183.02% based on their 12-month price targets.
What analysts cover Ideanomics?: Ideanomics has been rated by Roth Capital in the past 90 days.

This page was last updated on 5/16/2022 by MarketBeat.com Staff

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