Ideanomics Inc (IDEX) Stock: Do Analysts Think You Should Sell?

Analysts who follow Ideanomics Inc (IDEX) on average expect it to rise 240.14% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy. That average rating earns Ideanomics Inc an Analyst Ranking of 74, which means it ranks higher than 74 of stocks, based on data compiled by InvestorsObserver.

Why are Analyst Ratings Important?

Analytical research by professionals can be extremely useful when making investment decisions in the stock market. Analysts are able to observe industries in detail and learn how geographical impacts can affect a company’s balance sheet. This information allows investors to make decisions ahead of the curve. InvestorsObserver combines the ratings from these analysts and proceeds to percentile rank them. This grants you the ability to compare stocks in a comprehensive fashion as opposed to a standard buy/hold/sell rating. Click to read more on this article at Bloomberg and stay connected on new developments.