To preface my opinion, there is a conference call this afternoon at 4PM: https://investors.ideanomics.com/
And their phone number in NY is 212-206-1216
Here is some info: https://www.macrotrends.net/stocks/charts/IDEX/ideanomics-inc/stock-price-history
What a history they have! Price to sales is at 21.68, was 2.2 at end of 2019. Sales are down right now, but assets are building and they have some potential big orders in the electric-vehicle space.
One analyst set target at $7. They have potential. Their stock was once over $300 in 2008, then it went completely bust as did a whole host of others in 2008 during the meltdown.
They are probably in a better position in the next three years than Blink which has a price to sales of 212 right now. Optimism but not much sales.
The assets of Ideonomics are increasing and this might kick up the revenues and get profits up.
With the acquistion of Tree, they will be a big player in the 3rd-world EV space.
They have some near-term volatility to play off of. Maybe make some money and invest for the long-term but sell and buy half or 1/4 of your shares each day as the market swings.
Hard to tell but certainly a possibility, but until I see the orders going out the door and another earnings release, I'll Zack's HOLD this one rather than empty my piggy-bank.
Couple more articles that are pretty optimistic:
Revenues might be growing in part due to EV - batteries, bikes, etc.., and some other stuff.
Lastly, the Tree acquisition is a BIG DEAL: https://ih.advfn.com/stock-market/NASDAQ/ideanomics-IDEX/stock-news/84825312/tree-technologies-inks-deal-to-supply-200-000-e-mo