How to Buy Ideanomics Stock
Ideanomics Inc
Ideanomics, Inc. focuses on driving the adoption of commercial electric vehicles, associated energy consumption, and developing financial services and fintech products.
Ideanomics stock last closed at $0.88, up 5.9% from the previous day, and has decreased 82.37% in one year. It has underperformed other stocks in the Farm & Heavy Construction Machinery industry by 0.99 percentage points. Ideanomics stock is currently +17.04% from its 52-week low of $0.75, and -94.55% from its 52-week high of $16.13.
As of Apr 23, 2024, there are 11.97M shares of IDEX outstanding. The market capitalization of IDEX is $10.52M. In the last 24 hours, 270,894 IDEX shares were traded.
How to Buy Ideanomics Stock
Wondering how to invest in Ideanomics stock? Here's how.
- Decide where to buy Ideanomics stock: You need to choose an online brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you determine where to buy Ideanomics stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit money your investment account: Pick your payment method and add your details.
- Analyze Ideanomics stock: The Ideanomics ticker symbol is IDEX. Is Ideanomics stock a good investment? Should you buy shares of IDEX? How do IDEX's underlying business fundamentals look? Do top analysts think Ideanomics is a good buy? Why has IDEX's stock price moved recently? (Hint: Our stock market research tools can help you understand if IDEX is a good stock to buy).
- Make your IDEX trade: Decide if you will purchase IDEX shares at the current market price or use a limit order to purchase IDEX stock at a specific price.
- Keep tabs on your investment in IDEX: Create a watchlist to monitor your investment in Ideanomics shares.
Step 1: Decide where to buy Ideanomics stock
You will need a brokerage account in order to access the NASDAQ market and buy IDEX shares.
Our preferred brokerage: eToro
Based on our research, eToro is the best stock brokerage. eToro gives you:
- You can invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still invest in the stock.
- Access to global financial markets: From Tech to Energy, New York to Tokyo — you can fill your portfolio with stocks from the world's leading exchanges.
- Social investing: eToro offers a community with more than 20 million users globally. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your stock purchase by signing up for an account with eToro today.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected your brokerage, you'll need to fill out some personal details so you can invest in IDEX stock today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to start your new brokerage account.
- Send your application by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you've opened your account on one of the most highly reviewed stock market apps, your next step is to transfer the money for your investment:
Watch this video walkthrough if you need help depositing money into your investment account.
Step 4: Analyze Ideanomics stock
Once you have figured out the best place to buy Ideanomics stock, it's critical to analyze their stock before you buy, so you can understand the risk as well as the opportunity.
Overview of key IDEX info
Ideanomics Fundamentals
WallStreetZen was designed to help part-time investors do better fundamental analysis quickly.
You can view all of the due diligence checks on IDEX's stock page.
Is IDEX stock undervalued or overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge IDEX's intrinsic value.
Using relative valuations metrics:
- IDEX could be undervalued based on its P/B ratio of 0.64x, relative to Farm & Heavy Construction Machinery industry P/B ratio of 4.9x
You can access additional valuation analysis on IDEX's stock here.
IDEX Financials at a glance
Pros:
- There are more short-term assets than long-term liabilities on the IDEX balance sheet.
Cons:
- IDEX has cash burn of 64854000. It does not have enough cash and short-term investments to cover this.
- IDEX profit margin has gone down from -418.8% to -980.7% in the past year.
- There are more short-term liabilities than short-term assets on the IDEX balance sheet.
- IDEX has a relatively high debt to equity ratio of 7.8.
- IDEX has $1.93M in cash and short term investments. This is not enough to cover its annual cash burn of $64.85M.
- Total IDEX debt is higher than 5 years ago, relative to shareholder equity.
You can dive deeper into what analysts are forecasting on the Ideanomics stock forecast page.
IDEX Technicals
Is IDEX Making Money?
Last year, IDEX revenue was $36.48M. In the last 5 year, IDEX's revenue has grown by -38.07% per year. This was slower than the Farm & Heavy Construction Machinery industry average of 6.45%.
You can analyze IDEX's earnings and revenue performance here.
Are IDEX insiders buying or selling the stock?
In the past year, executives and large shareholders at IDEX have bought more shares than they have sold.
Andrea Maria Hayward, Director of IDEX, was the latest IDEX insider to buy. They bought $1,900.00 worth of IDEX shares on Feb 7, 2024.
Research more about who owns IDEX stock here.
Does IDEX stock generate passive income?
No, Ideanomics doesn't provide an income stream by paying out dividends.
What others are saying about IDEX
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Make your IDEX trade
There are two main options:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally the best for newer investors. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a specific price, use a limit order.
Hit the Open Trade button and your broker will place the order.
If you need more info about investing in stocks on eToro, watch the how to video below:
Step 6: Keep tabs on your investment in IDEX
Now that you own some IDEX stock, you'll want to stay up-to-date on your stock purchase.
Put IDEX on a watchlist to keep tabs on your IDEX stock.
IDEX Feed
How to Buy Stock in Ideanomics
To summarize, here are the 6 steps for buying Ideanomics stock:
- Decide where to buy Ideanomics stock
- Sign up for a brokerage account
- Deposit money your investment account
- Analyze Ideanomics stock
- Make your IDEX trade
- Keep tabs on your investment in IDEX
If you are looking for a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to track your investment in Ideanomics, hit the button below to create your watchlist.
Other "How To" Guides You May Like
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.