In a filing, Ideanomics Inc revealed its Director Hayward Andrea Maria acquired Company’s shares for reported $1900.0 on Feb 07 ’24. In the deal valued at $0.95 per share,2,000 shares were bought. As a result of this transaction, Hayward Andrea Maria now holds 2,000 shares worth roughly $1880.0.
ROTH Capital downgraded its Ideanomics Inc [IDEX] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in mid February with a ‘”an Overweight”‘ rating. ROTH Capital began covering IDEX with “Buy” recommendation on April 14, 2021.
Price Performance Review of IDEX
On Tuesday, Ideanomics Inc [NASDAQ:IDEX] saw its stock fall -2.61% to $0.94. Over the last five days, the stock has lost -6.83%. Ideanomics Inc shares have fallen nearly -52.71% since the year began. Nevertheless, the stocks have fallen -92.38% over the past one year. While a 52-week high of $16.12 was reached on 01/02/24, a 52-week low of $0.88 was recorded on 03/26/24. SMA at 50 days reached $1.0269, while 200 days put it at $3.4632. A total of 0.39 million shares were traded, compared to the trading of 0.3 million shares in the previous session.
Levels Of Support And Resistance For IDEX Stock
The 24-hour chart illustrates a support level at 0.9090, which if violated will result in even more drops to 0.8770. On the upside, there is a resistance level at 0.9840. A further resistance level may holdings at 1.0270. The Relative Strength Index (RSI) on the 14-day chart is 43.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0182, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.27%. Stochastics %K at 33.95% indicates the stock is a holding.
How much short interest is there in Ideanomics Inc?
A steep rise in short interest was recorded in Ideanomics Inc stocks on Mar 15, 2024, dropping by -0.46 million shares to a total of 1.77 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.23 million shares. There was a decline of -25.99%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 14.90% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.22.
