Is The Stock A Good Investment? Ideanomics, Inc. (NASDAQ:IDEX)

Ideanomics, Inc. (NASDAQ:IDEX) with the stream of -6.41% in the last hour of Wednesday’s trading session.

Ideanomics, Inc. (IDEX) had a good day on the market for Wednesday January 06 as shares jumped -6.41% to close at $2.19. About 56,947,441 million shares traded hands on 32.36M trades for the day, compared with an average daily volume of 32.36M shares out of a total float of 194.11M. After opening the trading day at $2.38, shares of Ideanomics, Inc. stayed within a range of $2.12 to $2.53.

With today’s loss, Ideanomics, Inc. now has a market cap of $515.48M. Shares of Ideanomics, Inc. have been trading within a range of $0.28 and $4.75 over the last year, and it had a 50-day SMA of $30.21% and a 200-day SMA of $78.65%.

Ideanomics (NASDAQ: IDEX) (“Ideanomics” or the “Company”) is pleased to announce it has signed a definitive agreement to acquire 100% of privately held Wireless Advanced Vehicle Electrification, Inc. (“WAVE”) for cash and stock consideration, the material terms of which are disclosed in the Company’s related 8-K filing. Roth Capital Partners acted as an advisor to WAVE on the transaction. The acquisition is subject to customary closing conditions.

Founded in 2011, and headquartered in Salt Lake City, Utah, WAVE is a leading provider of inductive (wireless) charging solutions for medium and heavy-duty electric vehicles (EVs). Embedded in roadways and charging vehicles during scheduled stops, the fully automated, hands-free WAVE system eliminates battery range limitations and enables fleets to achieve driving ranges that match that of internal combustion engines.

Deployed since 2012, WAVE has demonstrated the capability to develop and integrate high-power charging systems into heavy-duty electric vehicles from leading commercial EV manufacturers. With commercially available wireless charging systems up to 250kW and higher power systems in development, WAVE provides custom fleet solutions for mass transit, logistics, airport and campus shuttles, drayage fleets, and off-road vehicles at ports and industrial sites.

The PEG ratio is used to determine a stock’s value while taking the company’s earnings growth into account, and is considered to provide a more complete picture than the P/E ratio. Last traded has a PEG ratio of 0 where as its P/E ratio was 0. The overall volume in the last trading session was 56,947,441 shares.

Important Results:

Ideanomics, Inc. has P/S value of 32.63 while its P/B esteem remains at 7.82. Likewise, the company has Return on Assets of -119.00%, Return on Equity of -310.10% and Return on Investment of -153.60%. The company demonstrates Gross Margin and Operating Margin of 5.30% and 0 respectively.

IDEX’s price to sales ratio for trailing twelve months was 32.63 and price to book ratio for most recent quarter was 7.82, whereas price to cash per share for the most recent quarter was 18.68. The Company’s price to free cash flow for trailing twelve months was recorded as 0.

Historical Performances to Consider:

The Stock’s performances for Monthly, weekly, half-yearly, quarterly & year-to-date are mentioned below:-

On a Monthly basis the stock was 8.42%. On a weekly basis, the stock remained 4.78%. The half-yearly performance for the stock has 40.38%, while the quarterly performance was 130.50%. Looking further out we can see that the stock has moved 10.05% over the year to date. Other technical indicators are worth considering in assessing the prospects for EQT. RSI for instance was stand at 55.55.

Peter Mayer

About Peter Mayer

I am Peter Mayer and I have over 7 years experience in the Technology services industry giving me a huge understanding of how news affects the Tech markets. I am an active day trader spending the majority of my time analyzing earnings reports and watching commodities and derivatives. I have a Masters Degree in Economics from Ryerson University with previous roles counting Investment Banking.

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