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Wednesday, February 8, 2023

There Is A Quest For Clarity Surrounding Ideanomics Inc. (NASDAQ: IDEX) Volatility

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Ideanomics Inc. (IDEX) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0097, or 4.93%, to $0.2065. The Ideanomics Inc. has recorded 400,602 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Ideanomics’ Subsidiary U.S. Hybrid Expands Partnership with Toyota Tsusho America, Inc. to Convert Existing Diesel Port Vehicles and Equipment to Hydrogen-Powered.

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Stocks Info

This NASDAQ-listed company operates within the Software – Application industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $0.20 and fluctuated between $0.2114 as its day high and $0.1950 as its day low. The current market capitalization of Ideanomics Inc. is $112.41M. A total of 9.98 million shares were traded on the day, compared to an average of 8.83M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, IDEX has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 400,000 and the disposition of 0 shares. Over the last 12 months, there were 3 BUYs and 0 SELLs from insiders. Insiders purchased 434,275 shares during that period but sold 0.

In the most recent transaction, Poor Alfred bought 400,000 shares of IDEX for 0.25 per share on Oct 21. After the transaction, the Chief Executive Officer now owns 1,889,125 company shares. In a previous transaction on Jan 21, Poor Alfred bought 19,775 shares at 1.01 per share. IDEX shares that Chief Executive Officer owns now total 1,489,125.

Among the insiders who bought shares, Poor Alfred acquired of 14,500 shares on Jan 20 at a per-share price of $1.07. This resulted in the Chief Executive Officer holding 1,469,350 shares of IDEX after the transaction.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for IDEX in the last 3 months, the mean price target is $1.00 with high estimates of $1.00 and low estimates of $1.00. In terms of 52-week highs and lows, IDEX has a high of $1.22 and a low of $0.14.

As of this writing, IDEX has an earnings estimate of -$0.05 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of -$0.05 per share and a lower estimate of -$0.05.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 1 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for IDEX is Buy with a score of 3.00. A total of 0 analysts rated the stock as Buy while 0 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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