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Nasdaq: IDEX- Ideanomics Inc.

Discussion in 'Penny Stocks' started by Auri, Mar 2, 2020.

  1. Auri

    Auri Member

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    NASDAQ: IDEX - Ideanomics


    Capitalizing on the Electric Vehicle Revolution


    "Focused on facilitating end-to-end solutions for the purchase of commercial electric vehicles & developing next generation of financial services and Fintech products"



    Key Investment Highlights



    • EV World Market Growth CAGR of 25.6%
    • Institutional Ownership
    • Stock Trades Below Book Value
    • Doing Business In the Largest Market in the World
    • Strong Experienced Management
    • 2020 Exponential Growth


    Overview


    Ideanomics, Inc. trades on the Nasdaq under the symbol IDEX is based in New York, NY, USA, and has offices in Beijing, China.


    Ideanomics is a diversified company and primarily operates in the United States and Asia with reported assets of $164,763,676 along with revenues of $ 43,286,378 (Q-3 2019).


    Its main operating division is the Mobile Energy Group (MEG) which has been focusing on the expanding global electric-vehicle market.


    MEG specializes with companies that have commercial fleets that require by law and government zero emissions mandates to acquire new electric vehicles for their businesses.


    Being the "Amazon Platform" for end to end sales & services where enterprises can have full procurement, financing, insurance, batteries and energy along with subsidies for the adoption of electric commercial vehicles.


    Over the next 2 years in China more than 24 million commercial vehicles will be required to be replaced with electric vehicles. Ideanomics is well established and strategically positioned to gain a substantial market share of this EV business opportunity.


    In Q3 2019, MEG’s China EV unit turned a profit with only 4,172 taxis sold and delivered, only a small fraction of the 1.2 million taxis available for EV adoption.


    In August 2019, MEG completed its first sales order of 11,000 e-Taxis for City of Chengdu, China, secured an order in Yunnan Province for 35,000 EV taxis and another order in Guilin, Guanxi Province for 2,300 EV taxis in November 2019.


    MEG operates through partnerships with China’s largest automakers, Build Your Dreams (China) (BYD) and Beijing Automotive Industry Co. (BAIC) as well as 24 transportation and 8 financial partners as an end-to-end solutions provider with vehicle procurement, financing, battery charging and energy management needs.


    In July 2019, Ideanomics invested in Glory Connection Snd. Bhd, (Glory) a vehicle manufacturer based in Malaysia. Glory holds the only license granted to date for the manufacturing of electric vehicles in Malaysia and is in the process of setting up its manufacturing and assembly capabilities.


    Ideanomics’ FinTech division consist of its ownership of the Delaware Board of Trade (DBOT) an Alternative Trading System, Intelligenta a marketing AI solutions company that serves the Financial Services industry and a new FinTech Village, a 58-acre development site in West Hartford, Connecticut.


    The fintech business division offers customized services based on best-in-class blockchain, AI and other technologies to mature and emerging businesses across various industries. The company is building a financial technology ecosystem through license agreements, joint ventures and strategic investments, which is referred to as Ideanomics’ “Fintech Ecosystem”.





    Share Structure Sept 30, 2019

    Market Cap $88,849,138

    Outstanding Shares 162,076,044

    Restricted Shares 74,424,144

    Unrestricted Shares 87,651,900

    52 Week Hi-lo $2.84-$0.43




    Assets - $164,763,676

    Revenues - $ 43,286,378




    Institutional Ownership: Fidelity, BlackRock, Vanguard, Charles Schwab, Barclay's Capital



    http://www.ideanomics.com/
     
    Flexiboy likes this.
  2. Auri

    Auri Member

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    #2 Auri, Mar 2, 2020
    Last edited: Mar 2, 2020
  3. Auri

    Auri Member

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    NEWS Nasdaq - IDEX

    Ideanomics' Mobile Energy Group Sales Receives $7.2M US.





     
  4. Auri

    Auri Member

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  5. Auri

    Auri Member

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    The shares are trading at bargain levels imo and the company has successfully restructured.

    A large short position ( 4.5 Million Shares ) should provide upside fuel to any rebound.

    These shares have formed a solid base at current levels and I anticipate an upward retracement .

    Resistance exists at the $0.82 and $1.14 levels almost a triple from current levels.
     
  6. Auri

    Auri Member

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  7. Auri

    Auri Member

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  8. Auri

    Auri Member

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  9. Auri

    Auri Member

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  10. Auri

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  11. Auri

    Auri Member

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  12. Auri

    Auri Member

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    $IDEX Chairman Dr. Bruno Wu Leads the Global Partnership Against Coronavirus Alliance (GPACA) to Procure Medical Supplies and Protective Medical Gear for U.S. Hospital

    NEW YORK, March 19, 2020 /-- Sun Seven Stars -- The Global Partnership Against Coronavirus Alliance (GPACA), a newly formed humanitarian organization, announced today that through its Chairman Bruno Wu's Seven Stars Medical group it is able to accelerate procurement and delivery of over 30 different types of supplies and equipment including PPE (Personal Protective Equipment), and critical supplies of digital thermometers, N95 masks, gloves, facial protection, ventilators, testing kits and other critical medical supplies to assist U.S. hospitals in the battle to contain COVID-19.


    https://investors.ideanomics.com/20...s_blNsoETyTJk9U0eYak6CdjO2_VVUVKR_NVbJIvOpPQM


    Coronavirus_MGN_CDC.jpg Coronavirus_MGN_CDC.jpg Coronavirus_MGN_CDC.jpg Coronavirus_MGN_CDC.jpg Coronavirus_MGN_CDC.jpg
    --
     
  13. Auri

    Auri Member

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  14. Auri

    Auri Member

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  15. Auri

    Auri Member

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    IDEX Trades Up & Chart Looking Bullish



    IDEX Chart March 26.png
     
  16. Auri

    Auri Member

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  17. Auri

    Auri Member

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  18. Auri

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    Ideanomics' Announces Pilot Program to Monetize EV Energy Sales


    The pilot is based in the city of Nanjing, China and will focus on the interoperability of three critical components in EV energy consumption: payment systems, charging stations, and energy supply chains

    Pilot will serve as a blueprint for its energy sales platform in other major cities throughout China


    NEW YORK, April 7, 2020 Ideanomics, (NASDAQ: IDEX) announced that Mobile Energy Group 's energy sales unit has deployed a pilot platform in Nanjing, China which will focus on streamlining the operational aspects of EV energy sales and consumption and will serve as a blueprint to a broader roll-out in both Nanjing, and across other major cities in China.


    The Mobile Energy Group energy sales pilot will focus on the convergence of payment systems, charging stations, and energy supply chains. The pilot will demonstrate a payment solution which will integrate gas, LNG, and electricity sales into a single secure platform payment interface with China Union Pay, the largest card payment organization (debit and credit cards combined) in the world. This new solution will deliver advanced payment features such as facial recognition and other contactless payment technologies. The platform is expected to launch by July 1.


    Additionally, the pilot will demonstrate supercharging stations, provided by CATL into PetroChina gas stations in Nanjing, as previously announced. MEG and PetroChina have explored various charging technologies and, along with CATL, expect to begin converting gas pumps to EV superchargers as soon as Q4 of this year.

    https://investors.ideanomics.com/20...ces-Pilot-Program-to-Monetize-EV-Energy-Sales


    EV Charging Stations.jpg
     
  19. Auri

    Auri Member

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    Ideanomics Announces Q1 2020 Earnings Call

    Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company"), is pleased to announce the release of its 2020 first-quarter financial results on Monday, May 11, 2020. A press release will be issued at approximately 4pm ET, followed by a conference call at 4:30 pm ET (4:30 am Tuesday, May 12, 2020 Singapore & Beijing Time). Members of the company's senior management team will give prepared remarks, followed by a short question and answer session.
     
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