Worth Watching Stock for Traders: Ideanomics Inc. (NASDAQ:IDEX)

Ideanomics Inc. (NASDAQ:IDEX) changed 0.00% to recent value of $1.67. The stock transacted 459674 shares during most recent day however it has an average volume of 685.19K shares. It spotted trading -70.96% off 52-week high price. On the other end, the stock has been noted 49.40% away from the low price over the last 52-weeks.

On Aug.21, 2019, Ideanomics Inc. (NASDAQ:IDEX) has revealed Mr. Steven Fadem has been appointed to its Board of Directors effective immediately. Mr. Fadem will hold this position until the Company’s next annual meeting of stockholders. Mr. Fadem replaces Mr. Jin Shi, who recently stepped down after serving on the board for a number of years.

We are very pleased to welcome Mr. Fadem to our Board of Directors. Steve is a seasoned leader with the experience and acumen necessary for helping the company create shareholder value, said Mr. Alf Poor, CEO of Ideanomics. In addition to Steve’s operational, accounting, and legal expertise he has also overseen cutting-edge technology companies through turn around and product pivot situations – resulting in profit, growth, and acquisition. This type of experience is invaluable to Ideanomics in the coming years, as we look to enter a period of sustained profitability and growth.

I am extremely excited to be part of this dynamic team which is building a 21st-century market platform utilizing cutting-edge technologies and sophisticated approaches to the debt markets, said Mr. Steven Fadem, Director of Ideanomics.

Mr. Steven Fadem is an innovative executive and thought leader with substantial experience building media, entertainment, technology, information services,big data and cybersecurity companies with experience in the digital transformation of traditional businesses. Mr. Fadem has successfully launched start-ups; turned-around and revitalized complex corporate businesses and created long-term-value for professional services organizations. Steven Fadem was the Chairman of Global Data Sentinel, a cybersecurity firm he co-founded in 2014. In his capacity as Chairman, he has led the company’s strategic development and capital formation. Previously, Mr. Fadem ran several private equity-backed companies in the media, energy and financial services areas; the business side of a top-five Am Law firm, Kirkland & Ellis; and a major financial services firm, Geller & Co. which, among other things, possesses a major multifamily office servicing the ultra-high net worth community and is the outsourced CFO for Bloomberg L.P. Mr. Fadem received his JD from Emory University of Law and a B.S. in Economics, Finance, and Political Science from University of Pennsylvania – The Wharton School.  IDEX has a gross margin of 13.50% and an operating margin of -1.10% while its profit margin remained -1.70% for the last 12 months. Its earnings per share (EPS) expected to touch remained -103.80% for this year.

The company has 131.49M of outstanding shares and 58.54M shares were floated in the market. According to the most recent quarter its current ratio was 0.6 that represents company’s ability to meet its current financial obligations. The price moved ahead of -8.79% from the mean of 20 days, -15.33% from mean of 50 days SMA and performed -4.76% from mean of 200 days price. Company’s performance for the week was -6.18%, -9.24% for month and YTD performance remained 39.54%.

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