Ideanomics Inc (NASDAQ: IDEX) Set To Run Like Electrameccanica Vehicles Corp (NASDAQ: SOLO)

It’s been two months now since we last wrote about Ideanomics Inc (NASDAQ: IDEX). IDEX closed that day at $.84 a share.

To read the full report, visit https://insiderfinancial.com/why-idex-is-set-to-run-like-solo/180712/

Since then, IDEX has been stuck between $.80 and $1 with a few brief spikes above $1. We told our subscribers that IDEX was still a good play, but that we needed to see a sustained move above $1 confirmed by volume.

Last week, we finally got the confirmation we’ve been waiting for. We believe that everything has finally come together for IDEX to make a run just like Electrameccanica Vehicles Corp (NASDAQ: SOLO) has.

Matter of fact, we will admit that we failed to capture the move in SOLO as we never bought into the SOLO story. For those that bought into SOLO, the best bet is to sell SOLO and buy into IDEX because IDEX is a much better company and has yet to make the move.

IDEX has a market cap of just $286 million. The company just acquired Timios, which posted $8 million in revenue for October and $60 million YTD.

 We see IDEX as significantly undervalued, especially when you compare IDEX to other EV players like SOLO and Nikila Corporation (NASDAQ: NKLA). With over 10% of the float short, we are expecting an epic short squeeze.

In our latest research report, we lay out the bull case for IDEX and why we believe Ideanomics is gearing up to be one of the biggest runners as we head into 2021.

To read the full report, visit https://insiderfinancial.com/why-idex-is-set-to-run-like-solo/180712/

Disclosure: We have no position in NASDAQ: IDEX, NASDAQ: SOLO, NASDAQ: NKLA, or any of the securities mentioned. We wrote this report ourselves and it expresses our own opinions. We are not receiving compensation for it. We have no business relationship with any company whose stock is mentioned in this article. Insider Financial is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This report is not a solicitation or recommendation to buy, sell, or hold securities. This article is meant for informational and educational purposes only and does not provide investment advice.

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