The financial health and growth prospects of IDEX, demonstrate its potential to underperform the market. It currently has a Growth Score of F. Recent price changes and earnings estimate revisions indicate this stock lacks momentum and would be a lackluster choice for momentum investors.
Similarly, How high does IDEX go?
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 ».
What is the forecast for IDEX stock? Stock Price Forecast
The 2 analysts offering 12-month price forecasts for Ideanomics Inc have a median target of 2.00, with a high estimate of 3.00 and a low estimate of 1.00. The median estimate represents a +126.24% increase from the last price of 0.88.
Thereof, What does IDEX stock company do?
Ideanomics Inc (NASDAQ:IDEX)
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 IDEX a good investment 2021?
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.
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).
Is IDEX expected to go up?
Ideanomics Inc (NASDAQ:IDEX)
The 1 analysts offering 12-month price forecasts for Ideanomics Inc have a median target of 3.00, with a high estimate of 3.00 and a low estimate of 3.00. The median estimate represents a +175.23% increase from the last price of 1.09.
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.
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.
…
IDEX Corporation.
| Type | Public |
|---|---|
| Founded | 1988 |
| Headquarters | Northbrook, Illinois, U.S. |
| Key people | Eric D. Ashleman, Chief Executive Officer and President |
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 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 is IDEX Cryptocurrency?
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.
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.
Is Ideanomics a buy or sell?
Ideanomics has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
What companies does IDEX own?
Brands:
- FlowLogix.
- Godiva.
- Godiva Prima.
- Powerflow.
- Smartcafs.
Is IDEX a US company?
IDEX is a global company with businesses in North America, South America, Europe, Asia, and Australia. We are headquartered in Northbrook, Illinois. Our regional operations and locations keep us connected to our customers and markets.
Is IDEX on Coinbase?
IDEX Membership price
IDEX Membership is not supported by Coinbase.
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.
What blockchain is IDEX on?
IDEX is an ERC-20 token on Ethereum. The DEX has been audited by Quantstamp, a leader in blockchain security that has worked with reputable projects such as Maker, Compound, and Avalanche.
Where is Ideanomics based?
The company is headquartered in New York, NY, with global operations in the U.S., China, Ukraine, Malaysia, and UK.
Is Ideanomics an American company?
The company is headquartered in New York City, New York in the United States.
Who is Ideanomics partnered with?
Ideanomics (NASDAQ: IDEX) (« Ideanomics » or the « Company ») has today announced a strategic partnership with Linghao Zhitong 3000, the leading SaaS platform for shipping and logistics management in…
Will TXMD stock go up?
The average THERAPEUTICSMD stock price prediction forecasts a potential upside of 688.64% from the current TXMD share price of $0.32.
Is Ideanomics a buy?
Ideanomics has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
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