EV Stock Alert: Ideanomics Inc (IDEX) Receives Bearish Sentiment Score

Ideanomics Inc (IDEX), a player in the EV market, is higher by 1.64% Wednesday as it outperforms the market. Overall market sentiment has been down on Ideanomics Inc (IDEX) stock lately. IDEX receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Ideanomics Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on IDEX!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. 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 $1.85 as of 10:15 AM on Wednesday, Sep 20, a gain of $0.03, or 1.64% from the previous closing price of $1.82. The stock has traded between $1.72 and $1.89 so far today. Volume today is low. So far 148,015 shares have traded compared to average volume of 702,750 shares.

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.