Ideanomics Inc (NASDAQ:IDEX) Stock Reports Q2 Earnings: Investors React Negatively

August 17, 2021

Ideanomics Inc (NASDAQ:IDEX) down 7% in premarket after reporting its Q2 2021 financial and operating results in which the company reported revenues of $33.2 million and a gross profit of $9.3 million. Revenue for EVs was $6.1 million in Q2 2021, with powertrains and charging batteries revenues being $2.7 million. The company has the only electric tractor currently available in the market. At the end of the quarter, Ideanomics had…


Ideanomics (NASDAQ:IDEX) Stock Corrects 55% In a Month: A Good Buy Now?

August 4, 2021

Ideanomics (NASDAQ:IDEX) in June had announced acquiring the remaining stake in Soletrac, an electric tractor maker. The positive news has had done little addition to the stock trading between $2.50 and $3. It has been seen that the stock closed above $3 for 30 days and 13 below $2.50. The firm’s shares closed less than $3 for over two-thirds of trading days since March commenced. It however scaled to $5.53…