Ideanomics Inc is a player in the EV industry that is higher by 5.12% Tuesday. Overall market sentiment has been high on Ideanomics Inc (IDEX) stock lately. IDEX receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Ideanomics Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on IDEX!
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With IDEX Stock Today?
Ideanomics Inc (IDEX) stock is trading at $0.29 as of 3:13 PM on Tuesday, Nov 15, a rise of $0.01, or 5.12% from the previous closing price of $0.28. The stock has traded between $0.28 and $0.29 so far today. Volume today is less active than usual. So far 4,835,417 shares have traded compared to average volume of 11,449,664 shares.
To see InvestorsObserver's Sentiment Score for Ideanomics Inc click here.
More About Ideanomics Inc
Ideanomics is a global company that facilitates the adoption of commercial electric vehicles and supports next-generation financial services and Fintech products. Its electric vehicle division, Mobile Energy Global (MEG) provides group purchasing discounts on commercial electric vehicles, EV batteries and electricity, as well as, financing and charging solutions a model (S2F2C). Ideanomics Capital provides fintech solutions that include intelligent and innovative financial services and solutions powered by AI and blockchain. Together, MEG and Ideanomics Capital, provide their global customers and partners with more efficient solutions for a greener economy. The company is headquartered in New York, NY, and has offices in Beijing and Qingdao, China.
Click Here to get the full Stock Report for Ideanomics Inc stock.
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