Ideanomics (IDEX) stock surged to $4 then dropped by below $3 after an insane boost in overall volume. I'll talk about my future Idex stock price prediction and why I think it's normal to see a selloff on major trading volume. All EV stocks (expect Tesla) sold off after some major gains.
$IDEX - Alibaba Vies for a Piece of China’s Booming EV Market Ideanomics Inc. "An American Company with a Global Footprint" https://ideanomics.com/divisions/mobile-energy-global/ https://techcrunch.com/2020/11/26/alibaba-saic-ev-brand/
$IDEX - Big movements in Ideanomics Inc. (Nasdaq-IDEX) stock price on Friday moving 17.04% between high and low (Updated on November 27, 2020) https://stockinvest.us/technical-analysis/IDEX
“Overall $IDEX gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IDEX is showing a nice and steady performance.” https://www.chartmill.com/stock/quote/IDEX/technical-analysis
NEWS - $IDEX Ideanomic's Treeletrik Announces the Hire of Volkswagen Veteran Former Director of Group Finance Controlling at Volkswagen Group Malaysia https://investors.ideanomics.com/20...n-Richard-Teoh-as-its-Chief-Financial-Officer
$IDEX – “Goldman predicted that electric vehicle penetration in China would reach 20% by 2025, up from 5% this year. It sees that penetration reaching 53% in 2035 and 80% in 2050”. https://investors.ideanomics.com/20...n-Richard-Teoh-as-its-Chief-Financial-Officer $IDEX - Volkswagen Veteran Hired for Ideanomics’ E Bike manufacture partner Treelektrik https://www.investors.com/news/ev-stocks-nio-xpeng-li-auto-byd-electric-car-november-2020-sales/
$IDEX - Volkswagen Veteran Hired for Ideanomics’ E Bike manufacture partner Treelektrik https://www.investors.com/news/ev-stocks-nio-xpeng-li-auto-byd-electric-car-november-2020-sales/
$IDEX - Ideanomics to Present at the Benzinga Small Cap Conference on Dec. 9. At 9:45AM ET, 15-minute company Presentation and at 2:35PM ET, an EV panel. To register for the presentations: https://events. benzinga.com/registration-page
$IDEX - Toyota Is Finally Making an Electric Vehicle, Plans More Volkswagen Veteran Hired for Ideanomics’ (Nasdaq-IDEX) e-Bike manufacture partner Treelektrik https://investors.ideanomics.com/20...n-Richard-Teoh-as-its-Chief-Financial-Officer https://www.caranddriver.com/news/a34896309/toyota-electric-cars-plans-revealed/
$IDEX - "Other electric vehicle niche stocks might be expensive now, and possibly overpriced. In contrast, you can own shares of IDEX stock at an affordable price point. " https://investorplace.com/2020/12/try-a-different-approach-to-ev-investing-with-idex-stock/
$IDEX - Ideanomics Acquires Profitable Real Estate Tech Company Timios - $60 M / yr https://investors.ideanomics.com/20...ive-Agreement-to-Acquire-Timios-Holdings-Corp
$IDEX - "11-fold Increase in its Share Price" Tesla’s China Rival Nio Joins Race for Cash with Share Sale https://finance.yahoo.com/news/tesla-china-rival-nio-joins-110213730.html
$IDEX - Ideanomics to Present at the 23rd Annual Needham Growth Conference on January 15, 2021 https://investors.ideanomics.com/20...-Needham-Growth-Conference-on-January-15-2021
NEWS - $IDEX - Ideanomics Reports November EV Sales Activity A total of 151 vehicles delivered in November 2020 November deliveries also included 13 bus battery systems and 1 charging system https://investors.ideanomics.com/2020-12-15-Ideanomics-Announces-MEG-November-Sales-Activity
$IDEX - EV & Fintech Revenue Generating Company "Leadership position and strong order pipeline in a large addressable market. China – IDEX’s first target market – will be home to 143 million electric vehicles (~57% of global stock) by 2030. This is ~62x the present stock of electric vehicles (2.3 million units) in China, suggesting that the market is poised for huge growth. IDEX also plans to grow outside China, first in ASEAN nations (starting with Malaysia) and then globally." "Strong fundamentals and cheap valuation make a compelling investment case. We expect IDEX’s topline to climb from $39 million in CY20 (back-half ended) to $89 million in CY22. Gross margin will remain stable around ~95% while EBITDA margin is likely to expand from ~23% in CY20 to ~32% in CY22 as the company benefits from economies of scale. More importantly, IDEX will generate positive FCF starting this year and its RoE will reach 28% by CY22. We model CY22 EPS of $0.12 and apply a conservative 15x PE multiple to arrive at an intrinsic value of $1.82/share." Source: Analyst Peter Wright Intro-act https://ideanomics.com/divisions/mobile-energy-global/
$IDEX - Benzinga EV Conference Presentation with CEO Mr. Alf Poor https://benzinga.wistia.com/medias/z527xepea5
