How to Buy Idex Stock
Idex Corp
Idex is a specialty industrial machinery company located in Illinois, United States, which is part of the Industrials sector, and is traded under the ticker IEX on the NYSE exchange.
Idex stock last closed at $227.04, up 0.42% from the previous day, and has increased 4.22% in one year. It has underperformed other stocks in the Specialty Industrial Machinery industry by 0.23 percentage points. Idex stock is currently +23.55% from its 52-week low of $183.77, and -7.84% from its 52-week high of $246.36.
At the moment, there are 75.64M IEX shares outstanding. The market cap of IEX is $17.17B. In the last 24 hours, 244,225 IEX shares were traded.
How to Buy Idex Stock
Not sure how to invest in Idex stock? Here's how.
- Decide where to buy Idex stock: You need to choose an online brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you determine where to buy Idex stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Pick your method of payment and add your details.
- Research Idex stock: The Idex ticker symbol is IEX. Is Idex stock a good investment? Should you buy shares of IEX? How do IEX's underlying business fundamentals look? Do top analysts think Idex is a good buy? Why has IEX's stock price moved recently? (Hint: Our stock market analysis tools can help you evaluate if IEX is a good stock to buy).
- Make your IEX buy order: Decide if you will purchase IEX shares at the current market price or use a limit order to purchase IEX stock at a particular price.
- Get notifications regarding your investment in IEX: Create a watchlist to keep tabs on your position in Idex shares.
Step 1: Decide where to buy Idex stock
You need a brokerage account in order to access the NYSE market and buy IEX shares.
Our recommended brokerage: eToro
Based on our research, eToro is the best place to buy stocks. Here's why:
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Get $10 towards your purchase of stock by signing up for an account with eToro now.
Open eToro AccountStep 2: Create your brokerage account
Now that you've picked the right brokerage, you'll need to fill out some personal information so you are able to invest in IEX stock today.
How to Create a New Brokerage 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 open a new trading account.
- Submit your data by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you have finished signing up on investing apps, your next step is to transfer the money for your investment:
Watch this video walkthrough to see the process of depositing money into your new brokerage account.
Step 4: Research Idex stock
After you have figured out the best place to buy Idex stock, it's critical to evaluate their stock prior to investing, so you truly understand the risk and opportunity.
Idex Metrics
Idex Due Diligence Checks
WallStreetZen was designed to help average investors perform more in-depth fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on IEX's stock page.
What is the fair value of IEX stock?
You can use many financial metrics, analyses, models, and charts to gauge IEX's true value.
Using relative valuations measures:
- IEX may be overvalued based on its P/E ratio of 28.85x, relative to Specialty Industrial Machinery industry P/E ratio of 26.32x
- IEX may be overvalued based on its P/B ratio of 4.85x, relative to Specialty Industrial Machinery industry P/B ratio of 4.79x
- IEX could be overvalued based on its PEG ratio of 6.25x
You can access additional valuation analysis on IEX's stock here.
IEX Financial Health
Passed Health Checks:
- IEX earnings of $812.50M is not sufficient to cover its interest payments.
- There are more short-term assets than short-term liabilities on the IEX balance sheet.
- IEX's operating cash flow of $716.70M allows it to safely service it's debt of $1.33B.
- Total IEX debt is lower than 5 years ago, relative to shareholder equity.
Failed Health Checks:
- There are more long-term liabilities than short-term assets on the IEX balance sheet.
- IEX has a relatively high debt to equity ratio of 0.66.
- IEX profit margin has gone down from 18.4% to 18.2% in the past year.
Is Idex stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 4 Wall Street analysts who track IEX, the consensus analyst rating on IEX is a Strong Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
You can dig deeper into what analysts are forecasting on the Idex stock forecast page.
Metrics for Advanced IEX Traders
IEX Performance Metrics
Last year, IEX earnings were $596.10M. During the last five year, IEX's earnings have grown by 7.98% per year. This was slower than the Specialty Industrial Machinery industry average of 24.02%.
Last year, IEX revenue was $3.27B. In the last five year, IEX's revenue has gone up by 5.68% per year. This was faster than the Specialty Industrial Machinery industry average of 3.72%.
You can research IEX's earnings and revenue performance here.
Who is buying/selling IEX?
Over the last 12 months, executives and large shareholders at IEX have bought more shares than they have sold.
Lisa M. Anderson, SVP General Counsel Corp Sec of IEX, was the latest IEX insider to sell. They sold $23,150.94 worth of IEX shares on Feb 13, 2024.
Learn more about who owns IEX shares here.
Does IEX provide a stable income stream?
Idex pays a dividend of 1.13%, compared to the Specialty Industrial Machinery industry's average dividend yield of 1.3%. If you owned $1,000 of IEX stock, you would have been paid $11.28 in the past 12 months.
Idex dividend payments have consistently grown over the past decade and have remained stable.
Find more data about Idex dividend yield and history here.
What do other traders have to say about IEX?
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Make your IEX buy order
You have 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 mostly fine for most investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at an exact dollar amount, place a limit order.
Hit the Open Trade button and eToro will place the order.
If you need more info about investing in stocks on eToro, click the helpful video below:
Step 6: Get notifications regarding your investment in IEX
Now that you own some IEX shares, you'll want to stay up-to-date on your new company.
Add IEX to a watchlist to see the latest developments about your IEX stock.
IEX Feed
How to Buy Stock in Idex
To reiterate, here are the 6 steps for buying Idex stock:
- Decide where to buy Idex stock
- Create your brokerage account
- Deposit funds into your investment account
- Research Idex stock
- Make your IEX buy order
- Get notifications regarding your investment in IEX
If you require a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep track of your new investment in Idex, click below.
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