iex corp stock

The EV industry is driven by increasing environmental concerns, government regulations promoting clean energy, and technological advancements. The global push to reduce carbon emissions and dependence on fossil fuels has created a favorable market environment for Ideanomics. Ideanomics has attracted investor attention due to its growth prospects and industry leadership. The company’s price-to-earnings and price-to-sales ratios align with industry peers, indicating a fair valuation relative to its earnings.

  • They rarely distribute dividends to shareholders, opting for reinvestment in their businesses.
  • Any disruptions in the supply of batteries or other critical components could hinder production and impact Ideanomics’ ability to meet customer demands.
  • Ideanomics offers a range of products and services to support the EV market.
  • Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating.
  • Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time.
  • The company’s target market primarily includes fleet operators, energy companies, and municipalities looking to transition to electric transportation.

The company’s mission is to accelerate the global transition to clean energy and drive the transformation of the transportation industry. The company also sees potential growth through strategic acquisitions. Ideanomics can expand its product offerings and strengthen its competitive advantage by identifying promising EV-related businesses and technologies.

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Although the revenue and EPS for Idex (IEX) give a sense of how its business performed in the quarter ended March 2023, it might be worth considering how some key metrics compare with Wall Street estimates… IDEX’s stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.89%), Bank Julius Baer & Co. Ltd Zurich (5.11%), percentage calculator between two numbers State Street Corp (3.96%), Impax Asset Management Group plc (2.79%), Alliancebernstein L.P. Insiders that own company stock include Andrew K Silvernail, Daniel J Salliotte, Denise R Cade, Eric D Ashleman, Ernest J Mrozek, Livingston Satterthwaite, William K Grogan and William M Cook. 8 employees have rated IDEX Chief Executive Officer Eric D. Ashleman on

iex corp stock

Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated. Morningstar analysts hand-select direct competitors or comparable companies to
provide context on the strength and durability of IEX’s
competitive advantage. IDEX Corp. closed $31.01 below its 52-week high ($246.23), which the company achieved on December 13th. Provides a general description of the business conducted by this company.

IDEX Corp. stock underperforms Tuesday when compared to competitors

A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. According to data from Benzinga Pro, IDEX shares have seen a 52-week high of $83.75 and a 52-week low of $2.04. Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment. IDEX’s (IEX) Q1 performance is likely to have been aided by strength in its Fluid & Metering Technologies segment, partly offset by unfavorable price/cost impacts and higher discretionary expenses. In 2022, IEX’s revenue was $3.18 billion, an increase of 15.09% compared to the previous year’s $2.76 billion. One share of IEX stock can currently be purchased for approximately $215.22.

Stockholders of record on Friday, October 13th will be given a dividend of $0.64 per share on Friday, October 27th. This represents a $2.56 annualized dividend and a dividend yield of 1.19%. Moreover, the EV market is highly competitive, with rapidly evolving technology and customer preferences. Ideanomics must continue to innovate and stay ahead of competitors to maintain its market position. Failure to anticipate and respond to industry trends and customer needs could result in a loss of market share. Ideanomics operates in the rapidly evolving EV industry, experiencing significant growth and transformation.

Looking Into IDEX’s Recent Short Interest

The company’s Chief Executive Officer is Alf Poor, a seasoned executive with a strong background in technology and finance. Under his leadership, Ideanomics has forged strategic partnerships and positioned the company as a prominent player in the EV industry. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. This site is protected by reCAPTCHA and the Google
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IEX’s historical performance
against its industry peers and the overall market.

This aspect contributes to Idex’s narrow moat through customer switching costs and allows the firm to command premium pricing. As of August 31st, there was short interest totaling 1,370,000 shares, a decline of 6.2% from the August 15th total of 1,460,000 shares. Based on an average daily trading volume, of 545,600 shares, the short-interest ratio is currently 2.5 days.

The Wall Street Journal

Eric D. Ashleman has an approval rating of -100% among the company’s employees. This puts Eric D. Ashleman in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies. The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023. However, the company has also made substantial progress in improving its profitability. Ideanomics has reported an increasingly positive net income for the past several years.

Ideanomics Inc IDEX shares are trading lower by 9.7% to $2.10 Friday afternoon. This decline follows the company’s recent implementation of a 1-for-125 reverse stock split. Over the past month, Ideanomics shares have experienced a significant decrease, falling approximately 74%. 8 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for IDEX in the last twelve months. There are currently 2 hold ratings and 6 buy ratings for the stock.

3 top stock recommendations from Rajesh Palviya – The Economic Times

3 top stock recommendations from Rajesh Palviya.

Posted: Sat, 19 Aug 2023 07:00:00 GMT [source]

The consensus among Wall Street analysts is that investors should “moderate buy” IEX shares. The EV market is highly competitive, with numerous players vying for market share. However, Ideanomics differentiates itself by providing end-to-end solutions for the EV ecosystem, including financing, charging infrastructure, and intelligent transportation systems. This comprehensive approach positions Ideanomics as a trusted partner for businesses and organizations looking to transition to electric transportation. Ideanomics, Inc. is a global company focused on driving the adoption of electric vehicles (EVs) and developing sustainable energy solutions. Founded in 2004 and headquartered in New York City, Ideanomics operates through multiple business divisions to provide comprehensive solutions for the EV ecosystem.

Furthermore, Ideanomics’ strategic partnerships with leading EV manufacturers and technology providers strengthen its competitive positioning and enhance its ability to deliver innovative solutions. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements.

One primary avenue for expansion is the continued electrification of commercial fleets. As companies seek to reduce their carbon footprint and operational costs, there is a growing demand for EV fleet solutions. Ideanomics’ MEG division is well-positioned to capture this market by offering comprehensive fleet electrification solutions, including vehicle sales, financing, and charging infrastructure. Ideanomics has demonstrated moderate financial growth in recent years, reflecting the increasing demand for EVs and sustainable energy solutions. Its revenue growth has been driven by solid performance in its MEG division, which has secured multiple contracts with fleet operators.

This Industrial Stock Can Be a Long-Term Winner, No Matter How the Economy Looks

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  • While Ideanomics has promising growth prospects, it also faces risks and challenges.
  • The EV industry is driven by increasing environmental concerns, government regulations promoting clean energy, and technological advancements.
  • Its Mobile Energy Global (MEG) division provides sales, financing, and charging solutions for commercial fleet operators transitioning to EVs.
  • Ltd Zurich (5.11%), State Street Corp (3.96%), Impax Asset Management Group plc (2.79%), Alliancebernstein L.P.

This positive trend reflects the company’s focus on operational efficiency and scaling its core businesses. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. IEX’s beta can be found in Trading Information at the top of this page.