Ideanomics Stock Today

IDEX
 Stock
  

USD 0.22  0.01  4.35%   

Market Performance
0 of 100
Odds Of Distress
Over 97
Ideanomics is trading at 0.22 as of the 30th of November 2022; that is -4.35 percent decrease since the beginning of the trading day. The stock's open price was 0.23. Ideanomics has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors over the last 90 days. Equity ratings for Ideanomics are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 10th of December 2020 and ending today, the 30th of November 2022. Click here to learn more.
CUSIP
16938M104
Fiscal Year End
December
Business Domain
Software & Services
IPO Date
23rd of May 2007
Category
Industrials
Classification
Information Technology
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. The company has 563.6 M outstanding shares of which 39.77 M shares are currently shorted by private and institutional investors with about 3.25 trading days to cover. More on Ideanomics

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Follow Valuation Options Odds of Bankruptcy
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Ideanomics Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Ideanomics' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Ideanomics or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
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 a very high chance of going through financial distress in the upcoming years
The company reported the previous year's revenue of 111.3 M. Net Loss for the year was (294.72 M) with profit before overhead, payroll, taxes, and interest of 23.23 M.
Ideanomics currently holds about 25.19 M in cash with (142.22 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.05.
Ideanomics has a frail financial position based on the latest SEC disclosures
Latest headline from news.google.com: Ideanomics Exploring Alternatives to VIA Motors Deal - MarketWatch
CEO, DirectorBrett McGonegal
Average Analyst Recommendation
Analysts covering Ideanomics report their recommendations after researching Ideanomics' financial statements, talking to executives and customers, or listening in on Ideanomics' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Ideanomics. The Ideanomics consensus assessment is calculated by taking the average forecast from all of the analysts covering Ideanomics.
Strong Buy1 Opinion
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Ideanomics based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Ideanomics financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted483.2 M447.8 M
Significantly Up
Increasing
Slightly volatile
Weighted Average Shares483.2 M447.8 M
Significantly Up
Increasing
Slightly volatile
Current Liabilities98.3 M91.1 M
Significantly Up
Increasing
Slightly volatile
Total Liabilities117.8 M109.1 M
Significantly Up
Increasing
Slightly volatile
Gross Margin17.5220.3611
Fairly Down
Increasing
Stable
Total Debt76.4 M70.9 M
Significantly Up
Increasing
Slightly volatile
Asset Turnover0.330.3223
Fairly Up
Increasing
Stable
Current Assets391.1 M362.5 M
Significantly Up
Increasing
Slightly volatile
Total Assets510.8 M473.4 M
Significantly Up
Increasing
Slightly volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Ideanomics' available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Cautious HoldUndervalued
Financial Strength
Ideanomics' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Ideanomics' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Ideanomics' financial leverage. It provides some insight into what part of Ideanomics' total assets is financed by creditors.
Share Download
Share Download
By using current balance sheet information, investors can analyze the liability, assets, and equity on Ideanomics' books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Ideanomics deploys its capital and how much of that capital is borrowed.
Liquidity
Ideanomics cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 31.52 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.

Operating Cash Flow

(77.52 Million)
Ideanomics (IDEX) is traded on NASDAQ Exchange in USA and employs 559 people. The company currently falls under 'Small-Cap' category with current market capitalization of 136.56 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 these looking for more risk prefer small-cap and mid-cap equities. Ideanomics conducts business under Industrials sector and is part of Farm & Heavy Construction Machinery industry. The entity has 563.6 M outstanding shares of which 39.77 M shares are currently shorted by private and institutional investors with about 3.25 trading days to cover. Ideanomics currently holds about 25.19 M in cash with (142.22 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.05.
Check Ideanomics Probability Of Bankruptcy
Ownership
Ideanomics secures a total of 563.6 Million outstanding shares. Ideanomics retains 5.32 (percent) if its outstanding shares held by insiders and 5.32 (percent) owned by outside corporations . Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.

Ownership Allocation (%)

Check Ideanomics Ownership Details

Ideanomics Stock Price Odds Analysis

Based on a normal probability distribution, the odds of Ideanomics jumping above the current price in 90 days from now is about 82.2%. The Ideanomics probability density function shows the probability of Ideanomics stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.0429. This usually indicates Ideanomics market returns are sensitive to returns on the market. As the market goes up or down, Ideanomics is expected to follow. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Ideanomics is significantly underperforming DOW.
  Odds Below 0.22HorizonTargetOdds Above 0.22
17.75%90 days
 0.22 
82.20%
Based on a normal probability distribution, the odds of Ideanomics to move above the current price in 90 days from now is about 82.2 (This Ideanomics probability density function shows the probability of Ideanomics Stock to fall within a particular range of prices over 90 days) .

Ideanomics Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Ideanomics that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Ideanomics' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Ideanomics' value.
InstituionSecurity TypeTotal SharesValue
Zurcher Kantonalbank Zurich CantonalbankCommon Shares49.3 K33 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares49.3 K55 K
Xr Securities LlcCall Options10.9 K1000
Wolverine Trading LlcPut Options101.8 K71 K
View Ideanomics Diagnostics

Ideanomics Historical Income Statement

Ideanomics Income Statement is one of the three primary financial statements used for reporting Ideanomics's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Ideanomics revenue and expense. Ideanomics Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Ideanomics Direct Expenses is fairly stable at the moment as compared to the past year. Ideanomics reported Direct Expenses of 90.85 Million in 2021. Gross Profit is likely to rise to about 25.1 M in 2022, whereas Consolidated Income is likely to drop (263.5 M) in 2022. View More Fundamentals

Ideanomics Stock Against Markets

Picking the right benchmark for Ideanomics stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Ideanomics stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Ideanomics is critical whether you are bullish or bearish towards Ideanomics at a given time.

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.

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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.
Steven Fadem - Independent DirectorProfile
John Wallace - DirectorProfile
Xin Wang - Independent DirectorProfile
Kang Zhao - Independent DirectorProfile

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 Shape 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.
Please see Risk vs Return Analysis. 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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

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 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.
Market Capitalization
131.7 M
Quarterly Revenue Growth YOY
(0.09) 
Return On Assets
(0.19) 
Return On Equity
(0.73) 
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 Ideanomics value 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.