Ideanomics, Inc. (IDEX) Stock: A Service Stock That’s Headed Up

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Ideanomics, Inc. (IDEX) is working its way for to the top in the market today. The stock, one that is focused on the service sector, is currently trading at $1.98 after climbing 0.00% so far today. When it comes to service companies, there are several aspects that have the potential to lead to price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent trending headlines surrounding IDEX:

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Aug-08-19 06:55PM INVESTOR ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Ideanomics, Inc. and Encourages Investors with Losses to Contact the Firm
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

However, any time investors are making a decision with regard to investing, prospective investors should look into much more than news, especially in the ever complex service industry. Here’s what’s happening with Ideanomics, Inc..

What We’ve Seen From IDEX

While a single session gain, like the move that we’re seeing from Ideanomics, Inc. may make some investors unhappy, a single session move alone should not be the reason for a decision to, or not to, invest in a stock. It’s always important to look at trends further out than a single session. As it relates to IDEX, below are the returns on investment that we have seen:

  • Past 5 Trading Sessions – Over the last week, IDEX has seen a price change that amounts to 6.45%.
  • Past Month – The return on investment from Ideanomics, Inc. throughout the past month comes to -23.26%.
  • Past 3 Months – In the last quarter, the stock has produced a return on investment of 18.56%
  • Past 6 Months – Throughout the previous 6 months, we have seen a performance that equates to 75.22% from the stock.
  • YTD – Since the the first trading session of this year IDEX has resulted in a ROI of 65.44%.
  • Full Year – Lastly, throughout the last full year, investors have seen a change that comes to -7.91% out of IDEX. Throughout this period of time, the stock has sold at a high of -65.57% and a low of 77.13%.

Rations That You Should Think About

Looking at a few key ratios associated with a stock can give traders an understanding of how risky and/or potentially profitable a pick might be. Here are some of the key ratios to look at when digging into IDEX.

Short Ratio – The short ratio is a measure of short interest. As the ratio climbs, it means that more investors have a belief that the value of the stock is headed for the top. Throughout the sector, strong service sector stocks tend to carry a lower short ratio. On the other hand, we also tend to see quite a few short squeezes in the industry. Nonetheless, in relation to Ideanomics, Inc., it’s short ratio comes to 4.11.

Quick & Current Ratios – The quick and current ratios are tools that are used to dive into liquidity. Basically, they measure If a company is able to pay its debts when they come due using quick assets or current assets. do have good current and quick ratios. When it comes to IDEX, the quick and current ratios come to 0 and 0.60 respectively.  

Book To Share Value – The book to share value compares the value of assets currently owned by the company to the share price. as it relates to Ideanomics, Inc., 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 ratio comes to 0.02.

Show Me The Big Money

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.

Although it’s never a smart idea to avoid doing your due diligence and blindly following 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 space. Here are the most recent moves that we’ve seen from analysts with regard to IDEX.

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Earnings

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0. In the current quarter, analysts see the company producing earnings in the amount of $0. Over the last 5 years, IDEX has generated revenue in the amount of $314.50% with earnings coming in at 16.90%. On a quarter over quarter basis, earnings have seen movement of 428.60% and revenue has seen movement of -85.50%.

What’s Going On With Share Counts?

Traders seem to have an interest in the amounts of shares both outstanding and available. 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 that are out there today, 58.57M are able to trade hands by the public.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to IDEX, the short percent of the float is 4.79%.

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