Ideanomics Nearly Crosses $1 Line As MEG To Deliver Nissan EVs in China

NASDAQ: IDEX gained 31.89% on Tuesday reaching $0.6200. Bullish investors made daily volume rise to 26,298,328 shares while average volume equals its nine percent. Before the market opens IDEX is surpassing one dollar line by showing at least 70%.

As compared to Q4 2019 revenue Q1 2020 revenue quadrupled making $44,000 gross profit. Unfortunately, the operating income was still negative. In Q1 2019 because of the huge revenue, the net income became huge too. Creating a new approach to getting tech-driven orders is a must-have strategy for the company. Furthermore, developing infrastructure for EVs could be an easy tactic for improving revenue.

Because of sparkling projects, Ideanomics’ market capitalization is overvalued while its 12 months based EPS becomes $-0.9900.

Alex Krakowsky

Editor in Chief. Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life