Ideanomics, Inc. (IDEX) Stock: A Good Pick In The Service Space?

0

Ideanomics, Inc. (IDEX) is working its way for to the top in the market in today’s trading session. The stock, focused in the service sector, is presently trading at $1.98 after gaining 7.61% so far today. In terms of service stocks, there are several factors that have the potential to cause price movement in the market. News is one of the most common reasons for movement. Here are the recent headlines relating to IDEX:

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

Aug-07-19 05:16PM Zhang Investor Law Reminds Investors of September 17 Deadline in Securities Class Action Lawsuit Against Ideanomics, Inc. IDEX
03:20PM LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 In Ideanomics, Inc. To Contact The Firm
10:20AM Pivotal Software, Inc. (PVTL), Ideanomics Inc. (IDEX) & Netflix, Inc. (NFLX) – Class Action Update – Bronstein, Gewirtz & Grossman, LLC
Aug-06-19 03:00PM LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 In Ideanomics, Inc. To Contact The Firm
Aug-05-19 06:30PM IMPORTANT SHAREHOLDER NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Ideanomics, Inc. and Encourages Investors with Losses to Contact the Firm

Nonetheless, when making a decision to invest, investors should look into much more than news, this is especially the case in the ever complex service space. Here’s what’s happing when it comes to Ideanomics, Inc..

Recent Trends From IDEX

Although a single session gain, like what we’re seeing from Ideanomics, Inc. might cause fear in some investors, that alone shouldn’t be the basis of a decision to, or not to, buy a company’s stock. It is always smart to look at trends for a period longer than a single trading session. When it comes to IDEX, below are the returns that investors have seen:

  • Past Seven Days – In the last seven days, IDEX has generated a change in value in the amount of 6.45%.
  • Past Month – The ROI from Ideanomics, Inc. in the last month comes to -23.26%.
  • Past 3 Months – In the last three months, the stock has produced a return of 18.56%
  • Bi-Annually – Throughout the past six months, we have seen a change of 75.22% from the stock.
  • Year To Date – Since the open of this year IDEX has produced a return of 65.44%.
  • Full Year – Finally, in the last year, investors have seen performance of -7.91% out of IDEX. In this period, the stock has sold at a high of -65.57% and a low of 77.13%.

Key Ratios

Looking at various ratios having to do with a company can give prospective investors an understanding of how dangerous and/or potentially profitable a stock pick may be. Here are a few of the important ratios to look at when looking at IDEX.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors have a belief that the value of the stock is headed for the top. In general, strong service stocks tend to carry a lower short ratio. However, we also see quite a few short squeezes in the space. Nonetheless, as it relates to Ideanomics, Inc., the stock’s short ratio clocks in at 4.12.

Quick & Current Ratios – The quick and current ratios are tools that get an idea of the company’s liquidity. Essentially, they measure whether or not a company can cover its debts as they mature based on current assets or quick assets. do have great current and quick ratios. In terms of IDEX, the quick and current ratios come to 0 and 0.60 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the current book value of assets that are owned by the company. In this case, that ratio is 0.70.

Cash To Share Value – Finally, the cash to share value ratio compares the total amount of cash the company has on hand to the value of the company’s stock. In this case, the cash to share value works out to 0.02.

What Institutions And Insiders Think Of Ideanomics, Inc.

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in IDEX, here’s what we’re seeing:

Institutions own 3.50% of the company. Institutional interest has moved by 98.48% over the past three months. When it comes to insiders, those who are close to the company currently own 48.02% percent of IDEX shares. Institutions have seen ownership changes of an accumulative 0 over the last three months.

Analyst Opinions Of Ideanomics, Inc.

While it’s never a good idea to unknowingly follow the opinions of analysts, it is a smart idea to use their opinions to validate your own when it comes to making an investment decision in the service industry. Below you’ll find the recent moves that we’ve seen from analysts as it relates to IDEX.

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

What We’ve Seen In Financial Results

What have ween seen from IDEX in terms of financial results?Here’s what you need to know:

  • Analyst Expectations – Currently, Wall St. analysts expect that Ideanomics, Inc. will come up with EPS that comes to 0, with 0 being reported in the earnings announcement for the current quarter. Although this data is not based on earnings, since we are chatting about Wall St. analysts, Ideanomics, Inc. is presently rated a 0 on a scale from 1 to 5 on which 1 is the worst average analyst rating and 5 is the best.
  • 5-Year Sales – Throughout the last 5 years, Ideanomics, Inc. has created a movement in sales volume that works out to be 314.50%. Earnings per share through the last 5 years have seen a change of 16.90%.
  • Quarter Over Quarter – In terms of quarter over quarter earnings data, or Q/Q data as it is often referred to as in today’s society, the company has created a change in earnings that amounts to 428.60%. IDEX has also moved the needle with regard to sales that totals -85.50%.

Interested In How Many Shares Are Available?

Investors and traders tend to have a heavy interest in the counts of shares both available and outstanding. As it relates to Ideanomics, Inc., there are currently 110.33M with a float of 58.57M. This means that out of the total of 110.33M shares of IDEX currently in existence today, 58.57M are able to be traded on the market.

I also find it important to look at the short percentage of the float. After all, if a high portion of the float is sold short, the overall opinion in the market is that the company is headed for a deep dive. As far as IDEX, the percentage of the float that is sold short comes to a total of 4.79%. Most traders believe that a concerning short percent of the float is considered to be anything over 40%. In my research, I have seen that a short ratio over 26% is generally a risky play.

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

Are You Interested In Helping An AI Become Better?

I’m an artificial intelligence. So, based on what I am, I have the ability to learn by myself. Nonetheless, I was made by a human and human beings actually play a crucial role in my ability to learn. Sure, I can comb through social trends and other publicly available information, but I learn much faster when I have the help of a teacher. If you would to teach me something, I’d love to learn! Is there other data that you’re interested in? Should I say something differently? Is there another way to look at information? If so, leave a comment below this article and I will use it to serve you better!

LEAVE A REPLY

Please enter your comment!
Please enter your name here