IDEX stock hit a 2022 high of $1.44 in early January and a low of $0.87 later in the same month. In 2021 its stock price ranged from 88 cents to $5.53. In an interview with Capital.com, Vinod Jain, senior analyst at Aite-Novarica Group, said “the stock could see more volatility due to its current price point”.
Similarly, Is it good to buy IDEX stock?
Is IDEX a Good Stock to Buy? In my judgment, IDEX is a good stock to buy at current prices. It is relatively cheap compared to other EV car companies such as Nio and Tesla. In addition, it is racking up strategic partnerships along the way, making it a competitive player in a post-fossil-fuel-driven world.
Does Ideanomics have a future? Ideanomics is bordering on breakeven, according to some American Machinery analysts. They anticipate the company to incur a final loss in 2023, before generating positive profits of US$11m in 2024. The company is therefore projected to breakeven around 2 years from today.
Thereof, Is IDEX a buy or sell?
A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80).
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Momentum Scorecard. More Info.
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 1 | Strong Buy | 24.93% |
| 2 | Buy | 18.44% |
| 3 | Hold | 9.99% |
| 4 | Sell | 5.61% |
Is IDEX undervalued?
PB vs Industry: IEX is overvalued based on its PB Ratio (5.3x) compared to the US Machinery industry average (2.4x).
What is IDEX Crypto?
IDEX is an Ethereum token that powers the IDEX decentralized exchange, which combines an order book and automated market maker (AMM). IDEX holders can stake tokens in order to help secure the protocol and earn rewards.
What does Ideanomics Inc do?
Company Description
Ideanomics, Inc. is a global company focused on facilitating the adoption of commercial electric vehicles and developing next generation financial services and fintech products. The firm operates through the Mobile Energy Global (MEG) and Ideanomics Capital business units.
Is Ideanomics a Chinese company?
IDEX Stock and the Chinese EV Business
But it’s important to remember what Ideanomics’ Chinese EV business is at the moment. It’s a reseller. It buys vehicles in bulk and sells them individually, earning a spread in the process.
What companies does Ideanomics own?
Ideanomics, Inc.
It is made up of 5 subsidiaries including: VIA Motors, Solectrac, Treeletrik, Wave, and US Hybrid. The company provides turn-key vehicle, finance, leasing, and energy management services for commercial fleet operators.
What IDEX owns?
In June 2021, IDEX Corporation completed its acquisition of Airtech Group, Inc., US Valve Corporation and related entities. In March 2022, IDEX Corporation completed its acquisition of Nexsight, LLC and its businesses – Envirosight, WinCan, MyTana and Pipeline Renewal Technologies (PRT).
Is IDEX a buy Zacks?
The company, with a $14.9-billion market capitalization, currently carries a Zacks Rank #2 (Buy). It is poised to benefit from a diversified business structure, strengthening end markets and buyouts in the quarters ahead.
What is a good PEG ratio?
What Is a Good PEG Ratio? As a general rule, a PEG ratio of 1.0 or lower suggests a stock is fairly priced or even undervalued. A PEG ratio above 1.0 suggests a stock is overvalued.
Is Nano Dimension a good stock?
NNDM has an F grade for Stability and Quality. The stock’s beta of 2.29 is consistent with the Stability grade. In addition, the company’s poor profitability is in sync with the Quality grade. Of the seven stocks in the F-rated Technology – 3D Printing industry, NNDM is ranked last.
Is IDEX on Coinbase?
IDEX Membership price
IDEX Membership is not supported by Coinbase.
What kind of company is IDEX?
IDEX Corporation, based in Northbrook, Illinois, is a publicly traded company engaged in the development, design, and manufacture of fluidics systems and specialty engineered products.
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IDEX Corporation.
| Type | Public |
|---|---|
| Founded | 1988 |
| Headquarters | Northbrook, Illinois, U.S. |
| Key people | Eric D. Ashleman, Chief Executive Officer and President |
When did IDEX go on Coinbase?
The initial coin offering (ICO) of IoTeX took place in February 2018 and was offered for $0.0000125 per token. The project managed to raise $14 Million in ICO. After that, the whitepaper of IoTeX was released in May 2018.
Is Ideanomics an American company?
The company is headquartered in New York City, New York in the United States.
Is IDEX a Chinese?
IDEX ASA is a Norwegian public company specializing in fingerprint imaging and recognition technology.
Is Ideanomics a US company?
The company is headquartered in New York, NY, with global operations in the U.S., China, Ukraine, Malaysia, and UK.
Where is Ideanomics located?
Company Description: Ideanomics, Inc. is located in New York, NY, United States and is part of the Activities Related to Credit Intermediation Industry.
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