Ideanomics Inc. (NASDAQ:IDEX) has a beta value of -0.43 and has seen 10,455,929 shares traded in the last trading session. The company, currently valued at $1.23 Billion, closed the last trade at $2.94 per share which meant it lost -$0.16 on the day or -5.16% during that session. The IDEX stock price is -88.1% off its 52-week high price of $5.53 and 87.41% above the 52-week low of $0.37. If we look at the company’s 10-day average daily trading volume, we find that it stood at 26.9 Million shares traded. The 3-month trading volume is 43.89 Million shares.
The consensus among analysts is that Ideanomics Inc. (IDEX) is a Buy stock at the moment, with a recommendation rating of 2. 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 -$0.18.
Ideanomics Inc. (NASDAQ:IDEX) trade information
Despite being -5.16% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Apr 29 when the IDEX stock price touched $3.16-6 or saw a rise of 6.96%. Year-to-date, Ideanomics Inc. shares have moved 47.74%, while the 5-day performance has seen it change 10.94%. Over the past 30 days, the shares of Ideanomics Inc. (NASDAQ:IDEX) have changed 2.08%. Short interest in the company has seen 36.79 Million shares shorted with days to cover at 0.84.
Wall Street analysts have a consensus price target for the stock at $7, which means that the shares’ value could jump 138.1% from current levels. The projected low price target is $7 while the price target rests at a high of $7. In that case, then, we find that the current price level is +138.1% off the targeted high while a plunge would see the stock lose 138.1% 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 -6.4% over the past 5 years. Earnings growth for 2021 is a modest +44%.
Ideanomics Inc. (NASDAQ:IDEX)’s Major holders
Insiders own 10.73% of the company shares, while shares held by institutions stand at 4.21% with a share float percentage of 4.71%. Investors are also buoyed by the number of investors in a company, with Ideanomics Inc. having a total of 78 institutions that hold shares in the company. The top two institutional holders are Susquehanna International Group, LLP with over 5.05 Million shares worth more than $10.04 Million. As of December 30, 2020, Susquehanna International Group, LLP held 1.2% of shares outstanding.
The other major institutional holder is M&T Bank, with the holding of over 4.58 Million shares as of December 30, 2020. The firm’s total holdings are worth over $9.11 Million and represent 1.09% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Goldman Sachs ETF Tr-Goldman Sachs Innovative Equity ETF and Goldman Sachs ETF Tr-Goldman Sachs Innovate Equity ETF. As of March 30, 2021, the former fund manager holds about 0.05% shares in the company for having 195229 shares of worth $570.07 Thousand while later fund manager owns 182.65 Thousand shares of worth $582.65 Thousand as of February 27, 2021, which makes it owner of about 0.04% of company’s outstanding stock.