Ideanomics Inc (IDEX)

[JimWin]

YOD has announced that earnings will be reported less than 2 weeks from now; on Aug 14th.

The current share price has dropped to 2.35 after a volatile run over the last couple of weeks. The stock has managed to keep its price above 2 despite a market valuation that is not consistent with it's revenue. How? Key investments by big players and the hope of investors that positive news will be released 'shortly'.

Sadly, to date this has not happened and the share price now sits at where it is today.

While this may be a hard pill to swallow, this price (2.36) may be generous given what could be coming at the ER. The ER could report another dismal set of revenues and could report delays/challenges with the initiatives mentioned on the CC 3 months ago. If this occurs, the share price will likely sink considerably to have a firm place in the mid 1s

Alternatively, if a significant announcement is released (e.g an imminent rollout with a telecoms operator; extremely positive revenues since hte implementation via Xiaomi boxes, an imminent rollout with more huawei phones or other mobile operators), the share price could spike considerably and could even pass 4 in the short term.

General market sentiment is low at the moment. The 2.36 price may reflect this but I suspect that between now and the ER even if the market recovers, the share price could remain depressed.