Ideanomics (NASDAQ:IDEX) announced its earnings results on Monday. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.10), Fidelity Earnings reports. Ideanomics had a negative net margin of 79.71% and a negative return on equity of 19.57%. During the same period in the previous year, the company earned ($0.03) earnings per share.
IDEX stock opened at $1.46 on Wednesday. The stock has a 50-day moving average price of $1.96 and a two-hundred day moving average price of $2.39. Ideanomics has a 12-month low of $1.44 and a 12-month high of $5.53. The company has a market cap of $699.38 million, a PE ratio of -5.62 and a beta of -0.42.
In other Ideanomics news, Chairman Shane Mcmahon sold 500,000 shares of the business’s stock in a transaction dated Friday, September 24th. The stock was sold at an average price of $2.06, for a total transaction of $1,030,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.30% of the stock is currently owned by insiders.
Separately, Zacks Investment Research raised Ideanomics from a “sell” rating to a “hold” rating in a report on Tuesday, October 19th.
Ideanomics, Inc is a global company focused on facilitating the adoption of commercial electric vehicles and developing next generation financial services and Fintech product. The firm operates through the Mobile Energy Global (MEG) and Ideanomics Capital business units. Its electric vehicle division, MEG, provides group purchasing discounts on commercial electric vehicles, EV batteries and electricity, as well as financing and charging solutions.
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