Ideanomics (NASDAQ:IDEX) Issues Quarterly Earnings Results

Ideanomics (NASDAQ:IDEX) posted its quarterly earnings results on Wednesday. The company reported $0.05 earnings per share for the quarter, Bloomberg Earnings reports. Ideanomics had a negative return on equity of 7.79% and a negative net margin of 1.73%. The business had revenue of $14.45 million during the quarter.

IDEX stock traded up $0.03 during midday trading on Thursday, hitting $1.81. The company’s stock had a trading volume of 1,801 shares, compared to its average volume of 534,124. Ideanomics has a 12 month low of $1.12 and a 12 month high of $5.75. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62. The business has a 50 day moving average price of $2.04.

Separately, ValuEngine upgraded Ideanomics from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st.



A number of hedge funds have recently bought and sold shares of IDEX. BlackRock Inc. bought a new position in Ideanomics in the 2nd quarter worth approximately $5,949,000. Charles Schwab Investment Management Inc. purchased a new stake in shares of Ideanomics during the 2nd quarter worth approximately $262,000. Bank of New York Mellon Corp purchased a new stake in shares of Ideanomics during the 2nd quarter worth approximately $207,000. Stelac Advisory Services LLC purchased a new stake in shares of Ideanomics during the 2nd quarter worth approximately $123,000. Finally, Northern Trust Corp purchased a new stake in shares of Ideanomics during the 2nd quarter worth approximately $106,000. Institutional investors and hedge funds own 1.46% of the company’s stock.

About Ideanomics

Ideanomics, Inc operates as a financial technology and asset digitization services company. The company operates in two segments, Legacy YOD and Wecast Service. It engages in the provision of business consulting services related to traditional financings, as well as in developing digital asset securitization services through artificial intelligence and blockchain enabled financial services platforms.

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Earnings History for Ideanomics (NASDAQ:IDEX)

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