IDEX - Ideanomics Inc.

NEWS - Ideanomics To Acquire “Hybrid” a California Based Manufacturer of Zero Emission Powertrain Components for Electric, Hybrid, and Fuel Cell Vehicles


https://investors.ideanomics.com/20...reement-to-Acquire-California-based-US-Hybrid


https://ushybrid.com/

 

$IDEX - trades up premarket before today's Q1, the market is expecting 2021 Q1 to be better than 2020 Q1

 

Ideanomics will grow faster than its competitors.


Ideanomics, Inc. (NASDAQ:IDEX) shareholders will have a reason to smile, with analysts making substantial upgrades to this year's forecasts. Consensus estimates suggest investors could expect greatly increased statutory revenues and earnings per share, with the analyst modelling a real improvement in business performance. The market seems to be pricing in some improvement in the business too, with the stock up 9.7% over the past week. Could this big upgrade push the stock even higher?

Following the upgrade, the current consensus from analysts is for revenues of US$129m in 2021 which - if met - would reflect a substantial 119% increase on its sales over the past 12 months. The loss per share is anticipated to greatly reduce in the near future, narrowing 84% to US$0.05. However, before this estimates update, the consensus had been expecting revenues of US$105m and US$0.11 per share in losses. We can see there's definitely been a change in sentiment in this update, with the analyst administering a sizeable upgrade to this year's revenue estimates, while at the same time reducing their loss estimates.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. For example, we noticed that Ideanomics' rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 184% growth to the end of 2021 on an annualized basis. That is well above its historical decline of 2.6% a year over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 13% annually and therefore Ideanomics will grow faster than its competitors.

 

Roth Capital Partners’ Buy Rating and Price Target of $7


https://www.marketbeat.com/stocks/NASDAQ/IDEX/price-target/

 

If analysts at Roth Capital are correct, there could be much more upside based on their target. Roth currently has a Buy rating on Ideanomics and gave it a $7 target earlier this quarter. Based on the recent $3 level, that would equate to a move of more than 130%. Whether or not it actually reaches those levels is to be seen. The current 52-week high sits at $5.53, which is also its all-time high.

 

Ideanomics (Nasdaq-IDEX) WAVE Installs 250 MW Wireless Charging System



Ideanomics (NASDAQ: IDEX) announced its subsidiary WAVE, a leading developer of high-power inductive charging solutions for medium and heavy-duty vehicles, has completed another transit authority deployment, adding the Twin Transit Authority (TTA) in Chehalis, Washington to its growing list of transit fleet customers. TTA has adopted and completed installation of WAVE's 250-kilowatt high-power wireless charging system to help achieve their zero-emission goals.


One of the most significant barriers mass transit agencies face in the move to zero-emission electric vehicles is matching the typical driving range of diesel buses. WAVE's automated, cable-free system will be deployed in route to extend the range of TTA's first two battery-electric buses, representing a big leap forward in the agency's goal to make its entire 20 vehicle fleet carbon-neutral by 2030.


"Our organization sees this technology as a critical component of the future of electric bus operations, and we were determined to join forces with a company that was both easy to work with and had successful models of implementation" explained Twin Transit's Executive Director Joe Clark. "WAVE's inductive charging was by far the most efficient and effective solution, and the easiest for our drivers to operate. Perhaps most importantly, WAVE was willing to be a strategic, long-term partner."




https://investors.ideanomics.com/20...win-Transit-Authority-in-Chehalis,-Washington

 

Trades up as it moves on to the Russell 3000 Index

Many expect Ideanomics (Nasdaq- IDEX) now positioned on the Russell 3000 will open a wider inflow of investments from various worldwide funds to hold long positions.

Membership in the Russell 3000 ® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

 

NEWS - Ideanomics to Join Russell 3000® Index

https://investors.ideanomics.com/2021-06-10-Ideanomics-Set-to-Join-Russell-3000-R-Index

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $ 10.6 trillion in assets are benchmarked against Russell's US indexes.