During the last session, Ideanomics, Inc. (NASDAQ:IDEX)’s traded shares were 19,808,642, with the beta value of the company hitting -0.38. At the end of the trading day, the stock’s price was $3.03, reflecting an intraday loss of -3.19% or -$0.1. The 52-week high for the IDEX share is $5.53, that puts it down -82.51% from that peak though still a striking +87.79% gain since the share price plummeted to a 52-week low of $0.37. The company’s market capitalization is $1.27 Billion, and the average intraday trading volume over the past 10 days was 26.9 Million shares, and the average trade volume was 43.89 Million shares over the past three months.
Ideanomics, Inc. (IDEX) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 0. IDEX has a Sell rating from none of the analyst(s) out of 1 analysts who have looked at this stock. Neither of the analyst(s) recommend to Hold the stock while none of them suggest Overweight, and 1 recommend a Buy rating for it. None of the analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.
Ideanomics, Inc. (NASDAQ:IDEX): Trading Information
Ideanomics, Inc. (IDEX) registered a -3.19% downside in the last session and has traded in the green over the past 5 sessions. The stock spiked 11.4% in intraday trading to $3.42- this Thursday, Apr 01, hitting a weekly high. The stock’s 5-day price performance is 5.21%, and it has moved by 6.32% in 30 days. Based on these gigs, the overall price performance for the year is 52.26%. The short interest in Ideanomics, Inc. (NASDAQ:IDEX) is 31.17 Million shares and it means that shorts have 0.71 day(s) to cover.
The consensus price target of analysts on Wall Street is $5, which implies an increase of 65.02% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5 and $5 respectively. As a result, IDEX is trading at a discount of 65.02% off the target high and 65.02% off the low.
Ideanomics, Inc. (IDEX) projections and forecasts
An analysis of the company’s performance over the past 5 years shows that the company’s earnings fell an estimated -6.4%. While earnings are projected to return 44% in 2021, the next five years will return 0% per annum.
Ideanomics, Inc. (NASDAQ:IDEX)’s Biggest Investors
Ideanomics, Inc. insiders own 10.73% of total outstanding shares while institutional holders control 4.1%, with the float percentage being 4.59%. Susquehanna International Group, LLP is the largest shareholder of the company, while 66 institutions own stock in it. As of Dec 30, 2020, the company held over 5.05 Million shares (or 1.2% of all shares), a total value of $10.04 Million in shares.
The next largest institutional holding, with 4.58 Million shares, is of M&T Bank’s that is approximately 1.09% of outstanding shares. At the market price on Dec 30, 2020, these shares were valued at $9.11 Million.
Also, the Mutual Funds coming in first place with the largest holdings of Ideanomics, Inc. (IDEX) shares are Goldman Sachs ETF Tr-Goldman Sachs Innovative Equity ETF and SPDR (R) Idx Shares-SPDR (R) S&P (R) China ETF. Data provided on Feb 27, 2021 indicates that Goldman Sachs ETF Tr-Goldman Sachs Innovative Equity ETF owns about 182,649 shares. This amounts to just over 0.04 percent of the company’s overall shares, with a $582.65 Thousand market value. The same data shows that the other fund manager holds slightly less at 145.61 Thousand, or about 0.03% of the stock, which is worth about $464.48 Thousand.