MARKET COMPOSITE
IDEX - Ideanomics Inc4:22:02 PM 4/24/2024
Price
$0.87
-0.01 (-1.10%)
Ideanomics, Inc. focuses on monetizing the adoption of commercial electric vehicles, associated energy consumption, and developing financial services and Fintech products. Its Mobile Energy Global division provides financial services and incentives for commercial fleet operators, including group purchasing discounts and battery buy-back programs. This division also offers solutions for the procurement, financing, charging, and energy management needs for fleet operators of commercial electric vehicles. The company's Ideanomics Capital division provides financial services solutions. This division is involved in the areas of capital markets, such as financial products advisory and creation, with specific focus on the application of blockchain and artificial intelligence in financial technology. This division also operates EKAR, an exchange traded fund that tracks the Innovation Labs Next Generation Vehicles Index, which comprises of global stocks that have exposure to the theme of electric and self driving/autonomous vehicles. The company was founded in 2004 and is headquartered in New York, New York with office in Beijing, China.
Financials
Quarterly financials
(USD)Sep 2023Q/Q
Revenue665K-92%
Gross Profit-1.5MM-311%
Cost Of Revenue2.1MM-72%
Operating Income-70.1MM+99%
Operating Expenses68.7MM+91%
Net Income-63MM+77%
R&D1.5MM-55%
G&A8.1MM-66%
Amortization5.3MM+2%
Interest Expense1.4MM+45%
Stock Chart

Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from 

Finra

Moving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.

Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.

Stock news

    When building a stock portfolio, the most prudent strategy is typically to buy and hold shares of quality companies for the long haul. Avoiding businesses with flawed fundamentals or deteriorating financials can save you from getting stuck holding the bag on failing investments. However, I believe keeping a small portion of your portfolio for contrarian bets or speculative moonshot stocks can also prove rewarding, if done judiciously. Of course , it’s worth noting that these companies’ battered

    Ideanomics' Electric Tractor Subsidiary Will Leverage Success To Date In Its Direct-To-Customer Business By Expanding The DTC Strategy and Partnering with a Curated Dealer Network in Key Markets Ideanomics Photo Ideanomics Photo Windsor, CA, March 27, 2024 (GLOBE NEWSWIRE) -- Solectrac, a leader in the electric tractor industry and a wholly-owned subsidiary of Ideanomics (NASDAQ: IDEX), today announced a strategic reorganization and shift in its business model. The California-based distributor o

    New York, March 25, 2024 (GLOBE NEWSWIRE) -- NEW YORK, March 25, 2024 - Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company") announces that the conference call to discuss its fourth quarter and full year 2023 financial results on Monday, April 1, 2024, at 4:30pm ET. The Company's senior management team will give prepared remarks followed by a question-and-answer session. CONFERENCE CALL INFORMATION https://audience.mysequire.com/webinar-view?webinar_id=10e00c00-096c-4ff5-80f0-0c1e7bb64610 D

    Salt Lake, Utah, March 11, 2024 (GLOBE NEWSWIRE) -- WAVE Charging, a wholly-owned subsidiary of Ideanomics (NASDAQ: IDEX) and developer of high-power, wireless inductive charging solutions for medium- and heavy-duty commercial vehicles, proudly announces the appointment of Macy Neshati as General Manager. In his new role, Neshati will take charge of overseeing operations and driving the expansion of WAVE Charging's current customer base, including the two confidential commercial fleet customers

    MIAMI, March 06, 2024 (GLOBE NEWSWIRE) -- EmergingGrowth.com a leading independent small cap media portal announces the schedule of the 68th Emerging Growth Conference on March 6 & 7, 2024. The Emerging Growth Conference identifies companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long-term growth. Register for the Conference here. Submit Questions for any of the presenting compani

    Now might be a good time to consider scooping up shares of penny stocks to buy on the dip. However, caution is essential, as penny stocks can be volatile and speculative. So to help reduce the risk to investors, I’ve chosen companies that seem to be on the safer side in terms of their fundamentals. So here are seven penny stocks to buy on the dip for February. BioNano Genomics (BNGO) Source: Dennis Diatel / Shutterstock.com BioNano Genomics (NASDAQ:BNGO) is a biotech stock that specializes in th

    Ideanomics Attachment Modena, Italy, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Energica Inside, the business unit of Energica Motor Company (a majority-owned subsidiary of Ideanomics (NASDAQ: IDEX)) dedicated to developing innovative solutions for e-mobility leveraging Energica’s unique technical know-how and IP, has signed an agreement to provide technology to help electrify the historic Nimbus Model C motorcycle. Nimbus is a motorcycle brand with a rich history, having been produced by Fisker and Niel

    Pioneering collaboration between Kenworth, Dana Incorporated, and WAVE Charging achieves OEM approval after 6 months of intensive engineering work Ideanomics Attachment Salt Lake City, UT, Jan. 24, 2024 (GLOBE NEWSWIRE) -- WAVE Charging, a wholly-owned subsidiary of Ideanomics (NASDAQ: IDEX) and developer of high-power, wireless inductive charging solutions for medium- and heavy-duty commercial vehicles proudly announces a groundbreaking achievement in the commercial EV industry. The company has

    Salt Lake City, UT, Jan. 18, 2024 (GLOBE NEWSWIRE) -- SALT LAKE CITY, UT (January 18, 2024) – WAVE Charging, a wholly-owned subsidiary of Ideanomics (NASDAQ: IDEX) and developer of high-power, wireless inductive charging solutions for medium- and heavy-duty commercial vehicles has announced the receipt of a purchase order for a new commercial proof of concept project with a major retail and logistics company in the United States. After six months of dedicated efforts, WAVE is excited to embark o

    Ideanomics Attachment Salt Lake, UT, Jan. 16, 2024 (GLOBE NEWSWIRE) -- WAVE Charging, a wholly-owned subsidiary of Ideanomics (NASDAQ: IDEX) and developer of high-power, wireless inductive charging solutions for medium- and heavy-duty commercial vehicles, today provided an update on its 500kW ultra-fast wireless charging system developed in conjunction with Cummins and the US Department of Energy. This first-of-its-kind high-power, ultra-fast wireless charging system fully charged a class 8 elec