Ideanomics (IDEX) Stock Forecast, Price Target & Predictions
IDEX Stock Forecast
Ideanomics stock forecast is as follows: an average price target of $1.00 (represents a 284.62% upside from IDEX’s last price of $0.26) and a rating consensus of 'Hold', based on 1 wall street analysts offering a 1-year stock forecast.
IDEX Price Target
The average price target for Ideanomics (IDEX) is $1.00 based on 1-year price targets from 1 Wall Street analysts in the past 3 months, with a price target range of $1.00 to $1.00. This represents a potential 284.62% upside from IDEX's last price of $0.26.
IDEX Analyst Ratings
According to 1 Wall Street analysts, Ideanomics's rating consensus is 'Hold'. The analyst rating breakdown for IDEX stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 1 'Hold' (100.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Ideanomics Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 05, 2022 | Andres Sheppard | Cantor Fitzgerald | $1.00 | $0.71 | 41.82% | 284.62% |
The latest Ideanomics stock forecast, released on Aug 05, 2022 by Andres Sheppard from Cantor Fitzgerald, set a price target of $1.00, which represents a 41.82% increase from the stock price at the time of the forecast ($0.71), and a 284.62% increase from IDEX last price ($0.26).
Ideanomics Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - |
| Avg Price Target | - | - | - |
| Last Closing Price | $0.26 | $0.26 | $0.26 |
| Upside/Downside | -100.00% | -100.00% | -100.00% |
In the current month, the average price target of Ideanomics stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Ideanomics's last price of $0.26. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 05, 2022 | Cantor Fitzgerald | - | Neutral | Downgrade |
Ideanomics's last stock rating was published by Cantor Fitzgerald on Aug 05, 2022. The company Downgrade its IDEX rating from "null" to "Neutral".
Ideanomics Financial Forecast
Ideanomics Revenue Forecast
| Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Sep 17 | Sep 13 | Jun 13 | Mar 13 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | $665.00K | $8.18M | $10.56M | $17.07M | $24.28M | $34.20M | $25.39M | $21.11M | $27.05M | $33.22M | $32.71M | $30.22M | $95.30K | $50.62K | $1.31M |
| Avg Forecast | $3.55M | $3.64M | $3.73M | $125.00M | $104.20M | $846.00M | $84.50M | $48.80M | $43.20M | $74.50M | $52.20M | $31.00M | $32.50M | $31.00M | $25.00M | $6.04M | $72.57K | $95.00K | $1.08M |
| High Forecast | $3.55M | $3.64M | $3.73M | $125.00M | $104.20M | $846.00M | $84.50M | $48.80M | $43.20M | $74.50M | $52.20M | $31.00M | $32.50M | $31.00M | $25.00M | $7.25M | $87.08K | $114.00K | $1.30M |
| Low Forecast | $3.55M | $3.64M | $3.73M | $125.00M | $104.20M | $846.00M | $84.50M | $48.80M | $43.20M | $74.50M | $52.20M | $31.00M | $32.50M | $31.00M | $25.00M | $4.83M | $58.05K | $76.00K | $867.10K |
| # Analysts | - | - | - | - | - | - | 1 | - | - | - | - | - | - | - | - | 20 | 13 | 14 | 14 |
| Surprise % | - | - | - | - | 0.01% | 0.01% | 0.12% | 0.35% | 0.56% | 0.46% | 0.49% | 0.68% | 0.83% | 1.07% | 1.31% | 5.00% | 1.31% | 0.53% | 1.21% |
Ideanomics's average Quarter revenue forecast for Dec 23 based on 0 analysts is $125.00M, with a low forecast of $125.00M, and a high forecast of $125.00M. IDEX's average Quarter revenue forecast represents a 18696.99% increase compared to the company's last Quarter revenue of $665.00K (Sep 23).
Ideanomics EBITDA Forecast
| Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Sep 17 | Sep 13 | Jun 13 | Mar 13 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | 1 | - | - | - | - | - | - | - | - | 20 | 13 | 14 | 14 |
| EBITDA | - | - | - | - | $-58.83M | $-25.01M | $-82.96M | $-34.70M | $-35.69M | $-35.41M | $-37.13M | $-167.37M | $-50.12M | $-6.53M | $-11.94M | $-2.98M | $3.45M | $-2.75M | $-2.70M |
| Avg Forecast | $-2.45M | $-2.51M | $-2.57M | $-86.31M | $-71.95M | $-584.17M | $-58.35M | $-33.70M | $-29.83M | $-51.44M | $-26.32M | $-15.63M | $-405.97M | $-7.18M | $-25.08M | $-18.78M | $-36.59K | $-2.60M | $-2.13M |
| High Forecast | $-2.45M | $-2.51M | $-2.57M | $-86.31M | $-71.95M | $-584.17M | $-58.35M | $-33.70M | $-29.83M | $-51.44M | $-26.32M | $-15.63M | $-324.78M | $-5.75M | $-20.07M | $-15.02M | $-29.27K | $-2.08M | $-1.70M |
| Low Forecast | $-2.45M | $-2.51M | $-2.57M | $-86.31M | $-71.95M | $-584.17M | $-58.35M | $-33.70M | $-29.83M | $-51.44M | $-26.32M | $-15.63M | $-487.17M | $-8.62M | $-30.10M | $-22.54M | $-43.91K | $-3.12M | $-2.55M |
| Surprise % | - | - | - | - | 0.82% | 0.04% | 1.42% | 1.03% | 1.20% | 0.69% | 1.41% | 10.71% | 0.12% | 0.91% | 0.48% | 0.16% | -94.38% | 1.06% | 1.27% |
20 analysts predict IDEX's average Quarter EBITDA for Sep 17 to be $-18.78M, with a high of $-15.02M and a low of $-22.54M. This is -643.74% lower than Ideanomics's previous annual EBITDA (Sep 13) of $3.45M.
Ideanomics Net Income Forecast
| Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Sep 17 | Sep 13 | Jun 13 | Mar 13 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | 1 | - | - | - | - | - | - | - | - | 20 | 13 | 14 | 14 |
| Net Income | - | - | - | - | $-63.01M | $-35.50M | $-84.32M | $-162.24M | $-38.42M | $-38.68M | $-27.75M | $-195.00M | $-50.85M | $-9.79M | $-573.00K | $-3.04M | $3.17M | $-3.28M | $-3.34M |
| Avg Forecast | $18.47M | $16.09M | $18.89M | $-119.85M | $-104.87M | $-74.91M | $-59.93M | $-119.85M | $-74.91M | $-89.89M | $-87.69M | $-29.23M | $-411.89M | $-10.77M | $-1.20M | $-19.18M | $2.18M | $-3.11M | $-2.64M |
| High Forecast | $18.47M | $16.09M | $18.89M | $-119.85M | $-104.87M | $-74.91M | $-59.93M | $-119.85M | $-74.91M | $-89.89M | $-87.69M | $-29.23M | $-329.51M | $-8.62M | $-962.64K | $-15.34M | $2.61M | $-2.49M | $-2.11M |
| Low Forecast | $18.47M | $16.09M | $18.89M | $-119.85M | $-104.87M | $-74.91M | $-59.93M | $-119.85M | $-74.91M | $-89.89M | $-87.69M | $-29.23M | $-494.27M | $-12.92M | $-1.44M | $-23.02M | $1.74M | $-3.73M | $-3.17M |
| Surprise % | - | - | - | - | 0.60% | 0.47% | 1.41% | 1.35% | 0.51% | 0.43% | 0.32% | 6.67% | 0.12% | 0.91% | 0.48% | 0.16% | 1.46% | 1.06% | 1.27% |
Ideanomics's average Quarter net income forecast for Sep 17 is $-19.18M, with a range of $-23.02M to $-15.34M. IDEX's average Quarter net income forecast represents a -704.71% decrease compared to the company's last Quarter net income of $3.17M (Sep 13).
Ideanomics SG&A Forecast
| Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Sep 17 | Sep 13 | Jun 13 | Mar 13 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | 1 | - | - | - | - | - | - | - | - | 20 | 13 | 14 | 14 |
| SG&A | - | - | - | - | $8.15M | $23.63M | $46.24M | $35.12M | $37.71M | $38.75M | $37.09M | $-3.13M | $38.26M | $20.52M | $17.17M | $4.46M | $1.81M | $2.30M | $2.54M |
| Avg Forecast | $6.71M | $6.88M | $7.04M | $236.16M | $196.86M | $1.60B | $159.64M | $92.20M | $81.62M | $140.75M | $50.69M | $30.11M | $31.56M | $22.57M | $24.28M | $5.87M | $70.47K | $92.26K | $1.05M |
| High Forecast | $6.71M | $6.88M | $7.04M | $236.16M | $196.86M | $1.60B | $159.64M | $92.20M | $81.62M | $140.75M | $50.69M | $30.11M | $31.56M | $27.08M | $24.28M | $7.04M | $84.57K | $110.71K | $1.26M |
| Low Forecast | $6.71M | $6.88M | $7.04M | $236.16M | $196.86M | $1.60B | $159.64M | $92.20M | $81.62M | $140.75M | $50.69M | $30.11M | $31.56M | $18.05M | $24.28M | $4.69M | $56.38K | $73.81K | $842.09K |
| Surprise % | - | - | - | - | 0.04% | 0.01% | 0.29% | 0.38% | 0.46% | 0.28% | 0.73% | -0.10% | 1.21% | 0.91% | 0.71% | 0.76% | 25.62% | 24.89% | 2.41% |
Ideanomics's average Quarter SG&A projection for Dec 23 is $236.16M, based on 0 Wall Street analysts, with a range of $236.16M to $236.16M. The forecast indicates a 2799.08% rise compared to IDEX last annual SG&A of $8.15M (Sep 23).
Ideanomics EPS Forecast
| Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Sep 17 | Sep 13 | Jun 13 | Mar 13 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | 1 | - | - | - | - | - | - | - | - | 20 | 13 | 14 | 14 |
| EPS | - | - | - | - | $-5.39 | $-3.46 | $-0.00 | $-0.32 | $-0.08 | $-0.08 | $-0.06 | $-0.44 | $-0.11 | $-0.02 | $-0.00 | $-0.05 | $0.14 | $-0.22 | $-0.23 |
| Avg Forecast | $1.54 | $1.34 | $1.58 | $-10.00 | $-8.75 | $-6.25 | $-5.00 | $-10.00 | $-6.25 | $-7.50 | $-7.50 | $-2.50 | $-1.25 | $-1.25 | $-3.75 | $0.06 | $-0.09 | $-0.18 | $-0.15 |
| High Forecast | $1.54 | $1.34 | $1.58 | $-10.00 | $-8.75 | $-6.25 | $-5.00 | $-10.00 | $-6.25 | $-7.50 | $-7.50 | $-2.50 | $-1.25 | $-1.25 | $-3.75 | $0.08 | $-0.07 | $-0.14 | $-0.12 |
| Low Forecast | $1.54 | $1.34 | $1.58 | $-10.00 | $-8.75 | $-6.25 | $-5.00 | $-10.00 | $-6.25 | $-7.50 | $-7.50 | $-2.50 | $-1.25 | $-1.25 | $-3.75 | $0.05 | $-0.11 | $-0.22 | $-0.18 |
| Surprise % | - | - | - | - | 0.62% | 0.55% | 0.00% | 0.03% | 0.01% | 0.01% | 0.01% | 0.18% | 0.09% | 0.02% | 0.00% | -0.83% | -1.56% | 1.22% | 1.53% |
According to 20 Wall Street analysts, Ideanomics's projected average Quarter EPS for Sep 17 is $0.06, with a low estimate of $0.05 and a high estimate of $0.08. This represents a -57.14% decrease compared to IDEX previous annual EPS of $0.14 (Sep 13).
Ideanomics Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| IDEX | Ideanomics | $0.26 | $1.00 | 284.62% | Hold |
| HYFM | Hydrofarm Group | $0.61 | $1.50 | 145.90% | Hold |
| LEV | Lion Electric Company | $0.76 | $1.80 | 136.84% | Hold |
| UGRO | urban-gro | $1.40 | $3.25 | 132.14% | Buy |
| XOS | Xos | $4.94 | $9.13 | 84.82% | Hold |
| NKLA | Nikola | $5.26 | $9.57 | 81.94% | Buy |
| WNC | Wabash National | $18.65 | $25.00 | 34.05% | Hold |
| DE | Deere & Company | $381.56 | $424.70 | 11.31% | Buy |
| CAT | Caterpillar | $329.36 | $277.27 | -15.82% | Buy |
IDEX Forecast FAQ
Is Ideanomics a good buy?
No, according to 1 Wall Street analysts, Ideanomics (IDEX) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 0 'Buy' recommendations, accounting for 0% of IDEX's total ratings.
What is IDEX's price target?
Ideanomics (IDEX) average price target is $1 with a range of $1 to $1, implying a 284.62% from its last price of $0.26. The data is based on 1 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Ideanomics stock go up soon?
According to Wall Street analysts' prediction for IDEX stock, the company can go up by 284.62% (from the last price of $0.26 to the average price target of $1), up by 284.62% based on the highest stock price target, and up by 284.62% based on the lowest stock price target.
Can Ideanomics stock reach $0?
IDEX's average twelve months analyst stock price target of $1 supports the claim that Ideanomics can reach $0 in the near future.
What are Ideanomics's analysts' financial forecasts?
IDEX's analysts financial forecasts for the fiscal year (Dec 2023) are as follows: average revenue is $1.16B (high $1.16B, low $1.16B), average EBITDA is $-801M (high $-801M, low $-801M), average net income is $-360M (high $-360M, low $-360M), average SG&A $2.19B (high $2.19B, low $2.19B), and average EPS is $-30 (high $-30, low $-30).
Did the IDEX's actual financial results beat the analysts' financial forecasts?
Based on Ideanomics's last annual report (Dec 2022), the company's revenue was $100.94M, which missed the average analysts forecast of $218.7M by -53.85%. Apple's EBITDA was $-143M, beating the average prediction of $-141M by 1.16%. The company's net income was $-267M, missing the average estimation of $-372M by -28.27%. Apple's SG&A was $148.68M, missing the average forecast of $365.26M by -59.30%. Lastly, the company's EPS was $-0.52, missing the average prediction of $-31.25 by -98.34%. In terms of the last quarterly report (Sep 2023), Ideanomics's revenue was $665K, missing the average analysts' forecast of $104.2M by -99.36%. The company's EBITDA was $-58.832M, missing the average prediction of $-71.951M by -18.23%. Ideanomics's net income was $-63.007M, missing the average estimation of $-105M by -39.92%. The company's SG&A was $8.15M, missing the average forecast of $196.86M by -95.86%. Lastly, the company's EPS was $-5.39, missing the average prediction of $-8.75 by -38.40%