Ideanomics, Inc. (NASDAQ:IDEX) has a beta value of -2.25 and has seen 171,000,000 shares traded in the last trading session. The company, currently valued at $245.13 Million, closed the last trade at $1.46 per share which meant it lost -$0.98 on the day or -40.16% during that session. The IDEX stock price is -172.6% off its 52-week high price of $3.98 and 80.82% above the 52-week low of $0.28. If we look at the company’s 10-day average daily trading volume, we find that it stood at 137.08 Million shares traded. The 3-month trading volume is 24.41 Million shares.
The consensus among analysts is that Ideanomics, Inc. (IDEX) is a Buy stock at the moment, with a recommendation rating of 0. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 1 have rated it as a Hold, with 1 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.
Ideanomics, Inc. (NASDAQ:IDEX) trade information
Despite being -40.16% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Jun 22 when the IDEX stock price touched $3.98 or saw a rise of 63.32%. Year-to-date, Ideanomics, Inc. shares have moved 70.62%, while the 5-day performance has seen it change -34.23%. Over the past 30 days, the shares of Ideanomics, Inc. (NASDAQ:IDEX) have changed 249.62%. Short interest in the company has seen 12.63 Million shares shorted with days to cover at 0.52.
Wall Street analysts have a consensus price target for the stock at $5, which means that the shares’ value could jump 242.47% from current levels. The projected low price target is $5 while the price target rests at a high of $5. In that case, then, we find that the current price level is +242.47% off the targeted high while a plunge would see the stock lose 242.47% from current levels.
Ideanomics, Inc. (IDEX) estimates and forecasts
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +11% over the past 5 years. Earnings growth for 2020 is a modest -135.1% while over the next 5 years, the company’s earnings are expected to increase by 0%.