Ideanomics Inc. (NASDAQ:IDEX) does about 36.74M shares in volume on a normal day but saw 8901321 shares change hands in Friday trading. The company now has a market cap of 332.20M USD and an enterprise value of about $321.21M. Its current market price is $1.23, marking a decrease of -12.14% compared to the previous close of $1.40. The 52 week high reached by this stock is $3.98 whilst the lowest price level in 52 weeks is $0.28. The script in recent trading has seen the stock touch a high of $1.39 and a low of $1.22.
Ideanomics Inc. (IDEX) has a 20-day trading average at $1.4155 and the current price is -69.10% off the 52-week high compared with 345.65% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.5787 and its 200-day simple moving average is $0.8972. If we look at the stock’s price movements over the week, volatility stands at 11.66%, which decreases to 11.37% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 38.85 to suggest the stock is neutral.
1 analysts observing the Ideanomics Inc. (IDEX) stock have set the 12-month price targets for the company’s shares at between $5.00 and $5.00. The median price target is 75.4% away from the current levels at $5.00.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy.
The current price level is -13.29%, -21.95%, and 37.12% away from its SMA20, SMA50, and SMA200 respectively, with the IDEX price moving above the 50-day SMA on August 21. Ideanomics Inc. (IDEX) stock is down -7.52% over the week and -5.38% over the past month. Its price is 43.74% year-to-date and -24.07% over the past year.
Its 12-month price target is $5.00. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $5.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $5.00.
Outstanding shares total 237.30M with insiders holding 24.17% of the shares and institutional holders owning 5.96% of the company’s common stock. The company has a return on investment of -153.60% and return on equity of -258.80%. The beta has a value of -2.13. Price to book ratio is 3.15 and price to sales ratio is 40.51.
According to a U.S. Securities and Exchange Commission filing, Fidelity Small Cap Index Fund has added its position in Ideanomics Inc. (IDEX) to 611,151 shares, mirroring a recent increase by 135.42%. Fidelity Small Cap Index Fund added 0.35 million shares of Ideanomics Inc. common stock bringing its total worth to about $0.9 million at the end of recent close, SEC documents show. Fidelity Small Cap Index Fund isn’t the only investment manager who changed stakes and is followed by Schwab Small Cap Index Fund, which sold off 0.0 shares to end up with 219,027 shares worth $0.32 million. SPDR S&P China ETF cut their holdings by 0.00% in the company over the course of the most recent quarter. It now holds a 0.12% position in Ideanomics Inc. thanks to 0.2 million shares amounting to $0.29 million.