Does Ideanomics Inc (NASDAQ:IDEX) Look Expensive At $1.03? Here’s How To Know.

IPW

In last trading session, Ideanomics Inc (NASDAQ:IDEX) saw 0.52 million shares changing hands with its beta currently measuring 0.25. Company’s recent per share price level of $1.03 trading at $0.04 or 4.04% at ring of the bell on the day assigns it a market valuation of $12.36M. That closing price of IDEX’s stock is at a discount of -1465.05% from its 52-week high price of $16.12 and is indicating a premium of 27.18% from its 52-week low price of $0.75. Taking a look at company’s average trading volume volume of 351.72K if we extend that period to 3-months.

Ideanomics Inc (NASDAQ:IDEX) trade information

Upright in the green during last session for gaining 4.04%, in the last five days IDEX remained trading in the green while hitting it’s week-highest on Friday, 06/14/24 when the stock touched $1.03 price level, adding 4.63% to its value on the day. Ideanomics Inc’s shares saw a change of -48.24% in year-to-date performance and have moved 10.75% in past 5-day. Ideanomics Inc (NASDAQ:IDEX) showed a performance of 0.00% in past 30-days.

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Ideanomics Inc (IDEX) estimates and forecasts

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -24.26% during past 5 years.

IDEX Dividends

Ideanomics Inc is more likely to be releasing its next quarterly report in July and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.