Is Ideanomics Stock a Good Investment?
Ideanomics Investment Advice | IDEX |
- Examine Ideanomics' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Ideanomics' leadership team and their track record. Good management can help Ideanomics navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Application Software space and any emerging trends that could impact Ideanomics' business and its evolving consumer preferences.
- Compare Ideanomics' performance and market position to its competitors. Analyze how Ideanomics is positioned in terms of product offerings, innovation, and market share.
- Check if Ideanomics pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Ideanomics' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Ideanomics stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Ideanomics is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Out of control | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Quite High | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Hold | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Ideanomics Stock
Researching Ideanomics' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 19.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 0.65. Some equities with similar Price to Book (P/B) outperform the market in the long run. Ideanomics recorded a loss per share of 55.95. The entity had not issued any dividends in recent years. The firm had 1:125 split on the 25th of August 2023.
To determine if Ideanomics is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Ideanomics' research are outlined below:
| Ideanomics generated a negative expected return over the last 90 days | |
| Ideanomics has high historical volatility and very poor performance | |
| Ideanomics has some characteristics of a very speculative penny stock | |
| Ideanomics has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 93.64 M. Net Loss for the year was (339.82 M) with loss before overhead, payroll, taxes, and interest of (815 K). | |
| Ideanomics currently holds about 25.19 M in cash with (65.47 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.05. | |
| Roughly 19.0% of the company shares are held by company insiders | |
| Latest headline from finance.yahoo.com: Is IDEX Corporations Latest Stock Performance A Reflection Of Its Financial Health |
Ideanomics uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Ideanomics. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Ideanomics' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 4th of April 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View |
Earnings surprises can significantly impact Ideanomics' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Ideanomics' investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2020-05-13 | 2020-03-31 | -0.08 | -0.07 | 0.01 | 12 | ||
2022-09-09 | 2022-06-30 | -0.06 | -0.08 | -0.02 | 33 | ||
2021-08-16 | 2021-06-30 | -0.01 | -0.03 | -0.02 | 200 | ||
2022-11-09 | 2022-09-30 | -0.05 | -0.08 | -0.03 | 60 | ||
2020-08-11 | 2020-06-30 | -0.15 | -0.12 | 0.03 | 20 | ||
2021-05-17 | 2021-03-31 | -0.03 | 0.01 | 0.04 | 133 | ||
2013-05-15 | 2013-03-31 | -0.19 | -0.23 | -0.04 | 21 | ||
2017-11-13 | 2017-09-30 | 0.01 | -0.05 | -0.06 | 600 |
Know Ideanomics' Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Ideanomics is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Ideanomics backward and forwards among themselves. Ideanomics' institutional investor refers to the entity that pools money to purchase Ideanomics' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Tower Research Capital Llc | 2023-12-31 | 2.8 K | Citigroup Inc | 2023-12-31 | 2.2 K | Ubs Group Ag | 2023-12-31 | 391 | Royal Bank Of Canada | 2023-12-31 | 163 | Advisor Group Holdings, Inc. | 2023-12-31 | 145 | Wells Fargo & Co | 2023-12-31 | 100.0 | Lindbrook Capital, Llc | 2023-12-31 | 40.0 | Qube Research & Technologies | 2023-12-31 | 10.0 | Goss Wealth Management Llc | 2023-12-31 | 8.0 | Geode Capital Management, Llc | 2023-12-31 | 115.4 K | Vanguard Group Inc | 2023-12-31 | 89.7 K |
Ideanomics' market capitalization trends
The company currently falls under 'Nano-Cap' category with a current market capitalization of 9.58 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Ideanomics's market, we take the total number of its shares issued and multiply it by Ideanomics's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Market Cap |
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Ideanomics' profitablity analysis
Ideanomics' profitability indicators refer to fundamental financial ratios that showcase Ideanomics' ability to generate income relative to its revenue or operating costs. If, let's say, Ideanomics is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Ideanomics' executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Ideanomics' profitability requires more research than a typical breakdown of Ideanomics' financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (2.02) | (1.92) | |
| Return On Capital Employed | (2.03) | (1.93) | |
| Return On Assets | (1.27) | (1.20) | |
| Return On Equity | (2.16) | (2.05) |
Determining Ideanomics' profitability involves analyzing its financial statements and using various financial metrics to determine if Ideanomics is a good buy. For example, gross profit margin measures Ideanomics' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Ideanomics' profitability and make more informed investment decisions.
The data published in Ideanomics' official financial statements usually reflect Ideanomics' business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Ideanomics. For example, before you start analyzing numbers published by Ideanomics accountants, it's critical to develop an understanding of what Ideanomics' liquidity, profitability, and earnings quality are in the context of the Software space in which it operates.
Please note, the presentation of Ideanomics' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Ideanomics' management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Ideanomics' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Ideanomics. Please utilize our Beneish M Score to check the likelihood of Ideanomics' management manipulating its earnings.
Evaluate Ideanomics' management efficiency
Ideanomics 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.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 31.21 | 32.77 | |
| Net Current Asset Value | 0.00 | 0.00 | |
| Tangible Asset Value | 0.00 | 0.00 | |
| Tangible Book Value Per Share | 12.29 | 16.31 | |
| Enterprise Value Over EBITDA | (0.59) | (0.62) | |
| Price Book Value Ratio | 0.66 | 0.63 | |
| Enterprise Value Multiple | (0.59) | (0.62) | |
| Price Fair Value | 0.66 | 0.63 | |
| Enterprise Value | 319.5 M | 443.9 M |
The analysis of Ideanomics' management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Ideanomics' future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Ideanomics Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Beta 0.57 |
Basic technical analysis of Ideanomics Stock
As of the 17th of April 2024, Ideanomics retains the Risk Adjusted Performance of (0.05), standard deviation of 9.28, and Market Risk Adjusted Performance of (0.76). Ideanomics technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to analyze and collect data for thirteen technical drivers for Ideanomics, which can be compared to its competitors. Please check out Ideanomics mean deviation, treynor ratio, as well as the relationship between the Treynor Ratio and kurtosis to decide if Ideanomics is priced fairly, providing market reflects its last-minute price of 0.82 per share. Given that Ideanomics is a hitting penny stock territory we urge to closely look at its jensen alpha.Ideanomics' insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Ideanomics insiders, such as employees or executives, is commonly permitted as long as it does not rely on Ideanomics' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Ideanomics insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Shane McMahon 3 days ago Acquisition by Shane McMahon of 250000 shares of Ideanomics subject to Rule 16b-3 | ||
Wang Polly over two weeks ago Insider Trading | ||
Hayward Andrea Maria over two months ago Purchase by Hayward Andrea Maria of 2000 shares of Ideanomics | ||
Shane McMahon over six months ago Exercise or conversion by Shane McMahon of 250000 shares of Ideanomics subject to Rule 16b-3 | ||
C Media Ltd over six months ago Ideanomics exotic insider transaction detected |
Understand Ideanomics' technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Ideanomics' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.05) | |||
| Market Risk Adjusted Performance | (0.76) | |||
| Mean Deviation | 4.88 | |||
| Coefficient Of Variation | (1,112) | |||
| Standard Deviation | 9.28 | |||
| Variance | 86.1 | |||
| Information Ratio | (0.1) | |||
| Jensen Alpha | (0.90) | |||
| Total Risk Alpha | (1.55) | |||
| Treynor Ratio | (0.77) | |||
| Maximum Drawdown | 87.18 | |||
| Value At Risk | (8.89) | |||
| Potential Upside | 7.02 | |||
| Skewness | 2.77 | |||
| Kurtosis | 21.41 |
| Risk Adjusted Performance | (0.05) | |||
| Market Risk Adjusted Performance | (0.76) | |||
| Mean Deviation | 4.88 | |||
| Coefficient Of Variation | (1,112) | |||
| Standard Deviation | 9.28 | |||
| Variance | 86.1 | |||
| Information Ratio | (0.1) | |||
| Jensen Alpha | (0.90) | |||
| Total Risk Alpha | (1.55) | |||
| Treynor Ratio | (0.77) | |||
| Maximum Drawdown | 87.18 | |||
| Value At Risk | (8.89) | |||
| Potential Upside | 7.02 | |||
| Skewness | 2.77 | |||
| Kurtosis | 21.41 |
Consider Ideanomics' intraday indicators
Ideanomics intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Ideanomics stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Ideanomics time-series forecasting models is one of many Ideanomics' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Ideanomics' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.
Ideanomics Stock media impact
Far too much social signal, news, headlines, and media speculation about Ideanomics that are available to investors today. That information is available publicly through Ideanomics media outlets and privately through word of mouth or via Ideanomics internal channels. However, regardless of the origin, that massive amount of Ideanomics data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Ideanomics news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Ideanomics relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Ideanomics' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Ideanomics alpha.
Ideanomics Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Ideanomics can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Ideanomics without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Ideanomics Corporate Directors
Ideanomics corporate directors refer to members of an Ideanomics board of directors. The board of directors generally takes responsibility for the Ideanomics' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Ideanomics' board members must vote for the resolution. The Ideanomics board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Xin Wang | Independent Director | Profile | |
| Yangas Chao | Independent Director | Profile | |
| Chao Yang | Independent Director | Profile | |
| Steven Fadem | Independent Director | Profile |
How to buy Ideanomics Stock?
To provide specific investment advice or recommendations on Ideanomics stock, we recommend investors consider the following general factors when evaluating Ideanomics. This will help you to make an informed decision on whether to include Ideanomics in one of your diversified portfolios:- Examine Ideanomics' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Ideanomics' leadership team and their track record. Good management can help Ideanomics navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Application Software space and any emerging trends that could impact Ideanomics' business and its evolving consumer preferences.
- Compare Ideanomics' performance and market position to its competitors. Analyze how Ideanomics is positioned in terms of product offerings, innovation, and market share.
- Check if Ideanomics pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Ideanomics' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Ideanomics stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Ideanomics is a good investment.
Already Invested in Ideanomics?
The danger of trading Ideanomics is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Ideanomics is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Ideanomics. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ideanomics is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for Ideanomics Stock analysis
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.
In summary, please note that there is a difference between Ideanomics' value and its price, as these two are different measures arrived at by various 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.