Brett McGonegal - Ideanomics CEO, Director

IDEX Stock  USD 0.89  0.04  4.71%   

CEO

Mr. Brett McGonegal is Chief Executive Officer, Director of the Company. He most recently served as founding member and CEO of the Reorient Group, where he developed the Groups investment banking business. Reorient, after 4 years of operations, was sold to Jack Ma and his associates in May 2015. An initial investment of US11mn in the platform yielded a market capitalization at sale of US3bn. Prior to Reorient, McGonegal was cohead of equity sales and trading at Cantor Fitzgerald in Hong Kong. He pioneered execution trading in Hong Kong and was responsible for the development of the firms corporate financeinvestment banking capabilities. Prior to Cantor Fitzgerald, McGonegal was a Senior Managing Director at Charles Schwab Capital Markets and helped build a largescale institutional sales and trading platform that was sold to UBS in 2003. Mr. McGonegal is a director of Asia Times Holdings, the Hong Kong company, which owns the Asia Times newspaper. Mr. McGonegal is a frequent guest on CNBC and Bloomberg TV since 2018.
Age 44
Tenure 6 years
Address 1441 Broadway, New York, NY, United States, 10018
Phone212 206 1216
Webhttps://www.ideanomics.com
McGonegal is a graduate of Hobart College and the Lawrenceville Prep School

Ideanomics Management Efficiency

The company has return on total asset (ROA) of (0.3545) % which means that it has lost $0.3545 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (2.3353) %, meaning that it created substantial loss on money invested by shareholders. Ideanomics' management efficiency ratios could be used to measure how well Ideanomics manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to rise to -1.92 in 2024. Return On Capital Employed is likely to rise to -1.93 in 2024. At this time, Ideanomics' Total Assets are fairly stable compared to the past year. Non Current Assets Total is likely to rise to about 133.9 M in 2024, whereas Other Current Assets are likely to drop slightly above 3.9 M in 2024.
The company currently holds 70.85 M in liabilities with Debt to Equity (D/E) ratio of 0.11, which may suggest the company is not taking enough advantage from borrowing. Ideanomics has a current ratio of 2.69, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Ideanomics until it has trouble settling it off, either with new capital or with free cash flow. So, Ideanomics' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Ideanomics sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Ideanomics to invest in growth at high rates of return. When we think about Ideanomics' use of debt, we should always consider it together with cash and equity.

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Ideanomics, Inc., through its subsidiaries, develops zero emission mobility solutions for the off-highway and on-highway commercial vehicle markets in Asia and the United States. Ideanomics, Inc. was incorporated in 2004 and is headquartered in New York, New York. Ideanomics operates under Farm Heavy Construction Machinery classification in the United States and is traded on NASDAQ Exchange. It employs 559 people. Ideanomics (IDEX) is traded on NASDAQ Exchange in USA. It is located in 1441 Broadway, New York, NY, United States, 10018 and employs 565 people. Ideanomics is listed under Application Software category by Fama And French industry classification.

Management Performance

Ideanomics Leadership Team

Elected by the shareholders, the Ideanomics' board of directors comprises two types of representatives: Ideanomics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ideanomics. The board's role is to monitor Ideanomics' management team and ensure that shareholders' interests are well served. Ideanomics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ideanomics' outside directors are responsible for providing unbiased perspectives on the board's policies.
Robert Benya, President Chief Revenue Officer, Director
Zheng Wu, Chairman of the Board
Richard Franke, Executive Vice Chairman of the Board
Randy Huang, CTO
Ryan Jenkins, Chief Officer
Xin Wang, Independent Director
Brett McGonegal, CEO, Director
Yangas Chao, Independent Director
Scott Morrison, Chief Officer
Alfred Poor, CEO Director
Chao Yang, Independent Director
Avis Zhu, President Operations
Shane McMahon, Vice Chairman of the Board
Federico Tovar, CFO and Principal Accounting Officer
Chad Arroyo, Chief Marketing Officer
Hao Li, Head Group
Steven Fadem, Independent Director
Liqing Hu, Chief Works
John Wallace, Director
George Yuan, Chief BBDCG
Kang Zhao, Independent Director
Anthony Sklar, Senior Relations
Paula WhittenDoolin, G Counsel
Alex Yao, Chairman of the Board
Jin Shi, Independent Director
Stephen Johnston, Chief Officer
James Cassano, Independent Director
Jian Fan, Independent Director
Jun Zhu, Chief Group
Robin Mackie, Chief Officer

Ideanomics Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Ideanomics a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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When determining whether Ideanomics offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ideanomics' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ideanomics Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ideanomics Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Ideanomics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
For more information on how to buy Ideanomics Stock please use our How to Invest in Ideanomics guide.
Note that the Ideanomics information on this page should be used as a complementary analysis to other Ideanomics' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

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When running Ideanomics' price analysis, check to measure Ideanomics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ideanomics is operating at the current time. Most of Ideanomics' value examination focuses on studying past and present price action to predict the probability of Ideanomics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ideanomics' price. Additionally, you may evaluate how the addition of Ideanomics to your portfolios can decrease your overall portfolio volatility.
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Is Ideanomics' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ideanomics. If investors know Ideanomics will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ideanomics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(55.95)
Revenue Per Share
11.571
Quarterly Revenue Growth
(0.92)
Return On Assets
(0.35)
Return On Equity
(2.34)
The market value of Ideanomics is measured differently than its book value, which is the value of Ideanomics that is recorded on the company's balance sheet. Investors also form their own opinion of Ideanomics' value that differs from its market value or its book value, called intrinsic value, which is Ideanomics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ideanomics' market value can be influenced by many factors that don't directly affect Ideanomics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ideanomics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Ideanomics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ideanomics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.