Ideanomics (NASDAQ:IDEX) was up 12.2% during mid-day trading on Wednesday . The company traded as high as $0.57 and last traded at $0.55, approximately 1,009,701 shares were traded during mid-day trading. An increase of 128% from the average daily volume of 441,988 shares. The stock had previously closed at $0.49.
Separately, ValuEngine upgraded shares of Ideanomics from a “hold” rating to a “buy” rating in a research note on Monday, November 25th.
The company has a debt-to-equity ratio of 0.21, a current ratio of 0.50 and a quick ratio of 0.50. The stock has a market capitalization of $74.83 million, a price-to-earnings ratio of 18.45 and a beta of 2.46. The stock’s 50 day simple moving average is $0.65 and its 200-day simple moving average is $1.13.
About Ideanomics (NASDAQ:IDEX)
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.
Read More: Growth Stocks
Receive News & Ratings for Ideanomics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ideanomics and related companies with MarketBeat.com's FREE daily email newsletter.