Ideanomics Stock Today

IDEX Stock  USD 0.81  0.12  12.90%   

Performance

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Odds Of Distress

Over 84

 
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Ideanomics is trading at 0.81 as of the 23rd of June 2024; that is -12.9 percent decrease since the beginning of the trading day. The stock's open price was 0.93. 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 24th of May 2024 and ending today, the 23rd of June 2024. Click here to learn more.
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 11.99 M outstanding shares of which 1.87 M shares are currently shorted by private and institutional investors with about 5.03 trading days to cover. More on Ideanomics

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Follow Valuation Options Odds of Bankruptcy
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Ideanomics Stock Highlights

CEO DirectorAlfred Poor
Thematic IdeaCommunication (View all Themes)
Business ConcentrationApplication Software, Farm & Heavy Construction Machinery, Information Technology, NASDAQ Composite, Communication, Information Technology, Software, Farm & Heavy Construction Machinery, Industrials (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.120.1266
Notably Down
Very volatile
Total Current Liabilities123.5 M117.6 M
Sufficiently Up
Slightly volatile
Total Assets95.5 M116.9 M
Significantly Down
Slightly volatile
Total Current Assets58.6 M32.6 M
Way Up
Slightly volatile
Ideanomics can leverage 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.
Liquidity
Ideanomics currently holds 24.49 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. Note, when we think about Ideanomics' use of debt, we should always consider it together with its cash and equity.

Total Cash From Financing Activities

26.35 Million
Ideanomics (IDEX) is traded on NASDAQ Exchange in USA. It is located in 1441 Broadway, New York, NY, United States, 10018 and employs 295 people. Ideanomics is listed under Application Software category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 16.3 M. Ideanomics conducts business under Software sector and is part of Information Technology industry. The entity has 11.99 M outstanding shares of which 1.87 M shares are currently shorted by private and institutional investors with about 5.03 trading days to cover. Ideanomics currently holds about 25.19 M in cash with (52.66 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.05.
Check Ideanomics Probability Of Bankruptcy
Ownership Allocation
Roughly 96.0 (percent) of Ideanomics outstanding shares are held by general public with 2.126 % owned by insiders and only 2.17 pct. by outside corporations.
Check Ideanomics Ownership Details

Ideanomics Stock Institutional Holders

InstituionRecorded OnShares
Morgan Stanley - Brokerage Accounts2024-03-31
5.5 K
Citigroup Inc2024-03-31
2.6 K
Jpmorgan Chase & Co2024-03-31
171
Advisor Group Holdings, Inc.2024-03-31
136
Royal Bank Of Canada2024-03-31
128
Mather Group, Inc.2024-03-31
128
Wells Fargo & Co2024-03-31
94.0
Lindbrook Capital, Llc2024-03-31
40.0
Old Point Trust & Financial Services N A2024-03-31
12.0
Geode Capital Management, Llc2024-03-31
129.9 K
Vanguard Group Inc2024-03-31
116.5 K
View Ideanomics Diagnostics

Ideanomics Historical Income Statement

At this time, Ideanomics' Depreciation And Amortization is fairly stable compared to the past year. Interest Expense is likely to rise to about 4.5 M in 2024, whereas Total Revenue is likely to drop slightly above 14.7 M in 2024. View More Fundamentals

Ideanomics Stock Against Markets

Ideanomics Corporate Management

Additional 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.