Have a look at News Release: Ideanomics, Inc. (NASDAQ: IDEX)

Morning Updates

On 01 Nov 2019, Ideanomics, Inc. (NASDAQ: IDEX) witnessed a gain of 1.74% in recent trading period with closing price of $1.17. The company’s last traded volume of 326363 shares vs to an average volume of 473.82K shares. The stock’s price lost at -14.63% from 20-Days Simple Moving Average, plunged at -21.93% from 50-Days Simple Moving Average and settled at -30.25% from 200 Days Simple Moving Average.  In the trailing 12 months period, return on assets ratio of the Company was 7.10% and return on equity ratio was 15.70% while its return on investment ratio was -45.90%.

Ideanomics (IDEX) is happy to announce that Mr. Zhu Jun, Chief Operating Officer of Ideanomics’ MEG division, will keynote The China Tourism Trip Convention in Guilin, China, on November 11, 2019. Mr. Zhu Jun will present the title: New Energy, New Generation, New Travel – Building a Mobile Energy Ecosystem”. Yang Lan, media personality and wife of Ideanomics Chairman, Dr. Bruno Wu, is also a guest keynote speaker at the event.

“New energy solutions require a new generation of ideas. China is leading these initiatives and winning in blue sky environmental protection. MEG is building a business that enables the transportation solutions for a clean future. Electrification in the travel industry will provide a whole new level of growth and revenue opportunities, as well as contribute towards protecting our planet,” stated Mr. Zhu Jun, Chief Operating Officer of MEG. “The tourism industry play a exclusive and sensitive role in that its function is to take large numbers of people out to some of the most pristine natural environments, so it’s important for the industry’s future livelihood that it rapidly adopts clean energy solutions to help preserve those areas so that tourists can continue to enjoy the natural beauty our planet has to offer. Tour buses are somewhat exclusive in that many of them are required to travel great distances, which means stopping to recharge or swapping batteries. Having efficient EV solutions for the tour bus industry, so the tourism experience is as seamless as it is with fossil fuels, is critical to the success of EV enablement. We are speaking at the event to provide them with the confidence this is achievable recently.”

Beta factor, which measures the riskiness of the security, was registered at 2.59. In the profitability analysis, net profit margin of the firm was recorded at 9.80% and operating profit margin was calculated at 11.90% while gross profit margin was measured as 41.60%. Sales growth past 5 years was measured at 314.50%.