In recent times, Ideanomics (NASDAQ:IDEX) has emerged as a possible commercial electric vehicle play for many investors.
However, at the same time, it is necessary to point out that the company has diverse interests Not too long ago, it acquired a real estate company and also bought a stake in a social media company. These are the sort of developments that can often confuse investors about the actual aims of a company and hence, it is unlikely to move the stock much.
Some experts have argued that the different business interests of Ideanomics did not add up to the company’s actual market value. Additionally, the company has not yet declared its financial results for the third quarter and hence, investors are still in the dark with regards to its cash position. In this situation, it might be a good move for investors to wait and see if there is any long-term value in Ideanomics before making any decision.
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Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.