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EV Stock Rated in Middle of Software - Application Industry Friday; Should You Drop Ideanomics Inc (IDEX)?

Friday, November 18, 2022 03:45 PM | InvestorsObserver Analysts

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EV Stock Rated in Middle of Software - Application Industry Friday; Should You Drop Ideanomics Inc (IDEX)?

Ideanomics Inc is gaining momentum Friday, increasing 6.27%. A rating of 56 puts Ideanomics Inc (IDEX) near the middle of the Software - Application industry according to InvestorsObserver. Ideanomics Inc's score of 56 means it scores higher than 56% of stocks in the industry. Ideanomics Inc also received an overall rating of 38, putting it above 38% of all stocks. Software - Application is ranked 122 out of the 148 industries.

Overall Score - 38
IDEX has an Overall Score of 38. Find out what this means to you and get the rest of the rankings on IDEX!

What do These Ratings Mean?

Analyzing stocks can be hard. There are tons of numbers and ratios, and it can be hard to remember what they all mean and what counts as “good” for a given value. InvestorsObserver ranks stocks on eight different metrics. We percentile rank most of our scores to make it easy for investors to understand. A score of 38 means the stock is more attractive than 38 percent of stocks.
These scores are not only easy to understand, but it is easy to compare stocks to each other. You can find the best stock in an industry, or look for the sector that has the highest average score. The overall score is a combination of technical and fundamental factors that serves as a good starting point when analyzing a stock. Traders and investors with different goals may have different goals and will want to consider other factors than just the headline number before making any investment decisions.

What's Happening With Ideanomics Inc Stock Today?

Ideanomics Inc (IDEX) stock is trading at $0.26 as of 3:32 PM on Friday, Nov 18, a gain of $0.02, or 6.27% from the previous closing price of $0.25. The stock has traded between $0.26 and $0.27 so far today. Volume today is light. So far 4,693,925 shares have traded compared to average volume of 10,975,509 shares. Click Here to get the full Stock Report for Ideanomics Inc stock.

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