Ideanomics Inc. (IDEX) went down by -7.63% during the previous trading session, and it is maintaining the win ahead of Thursday’s trading session. The share price of the Software – Application giant went up by $1.09 to trade ended Thursday trading at $1.18. This is down from the $1.18 price recorded on Wednesday’s trading session. Thanks to this latest performance, IDEX is closer to the higher price 52-week target of $5.00 and further from the lowest price target of $5.00. Its performance from the start of the year has also been positive, with IDEX up by 27.38% year-to-date.
IDEX started the day trading at $1.1 and recorded an intraday high of $1.15. It also recorded an intraday low of $1 during Thursday’s trading session. Ideanomics Inc. is a very active stock that recorded a trading volume that is more than 74.05% of the average daily trading volume on Thursday. The stock’s trading volume on Thursday was 21118776, which is more than 74.05 of the total average daily trading volume of 5.48 million.
IDEX’s 2020 Performance Impressive
The increase in IDEX’s stock price on Thursday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of IDEX currently stands at $2.84, which is higher than the current trading price of the stock by 61.62%. However, IDEX’s current trading price is -289.29% lower than the 52-week low price of $0.28. In terms of trading volume, Ideanomics Inc. currently experienced healthy participation during the last trading session. 21118776 shares of Ideanomics Inc. were traded on the stock exchange on Thursday, which is more than 74.05% of the 5.48 million average trading volume of the stock.
The performance of the stock has been positive over the past year. IDEX’s performance over the past one year has seen it plunge by -40.44%, while the stock has gone up by 49.77% in the last six months. The quarterly performance of IDEX currently stands at 238.61%, and it is up by 149.03% in the last month. The only positive figure was from the weekly performance, which currently reads 186.84%. At the time of writing IDEX’s report, the company has a total market cap of $147.50M, making it one of the largest publicly-traded companies in the world. Ideanomics Inc. also has over 60 employees all over the world.
IDEX Insider Activities
For Ideanomics Inc., insiders hold 7.00% of all company shares. The insider transactions over the past six months are down by 0.00%. During that period, insiders bought 0 shares in 0 transactions. In that same period, insiders sold 0 of their shares in 0 transactions. After these transactions, insiders at Ideanomics Inc. now hold 40.47M shares, which is over 5.96% of the total company stocks. Institutional investors currently hold a large chunk of the IDEX shares, as they control 24.17% of the company’s total stock.
At the moment, Ideanomics Inc.’s Total Debt to Equity ratio stands at 0.59, and they have a long-term Debt to Equity ratio of 0.26.
IDEX Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of IDEX currently stands at 118.48%, while the SMA50 is 73.31%. The biggest one is the SMA200, which is currently reading 24.75% ahead of Thursday’s trading session. The Relative Strength Index of this stock is 75.25.
