IDEX vs. GOEV, VLCN, ADSEW, LIDRW, GOEVW, CREVW, ELMSW, FFIEW, INVZW, and NWTN
Should you be buying Ideanomics stock or one of its competitors? The main competitors of Ideanomics include Canoo (GOEV), Volcon (VLCN), ADS-TEC Energy (ADSEW), AEye (LIDRW), Canoo (GOEVW), Carbon Revolution Public (CREVW), Electric Last Mile Solutions, I (ELMSW), Faraday Future Intelligent Electric (FFIEW), Innoviz Technologies (INVZW), and NWTN (NWTN). These companies are all part of the "automobiles and trucks" industry.
Ideanomics vs.
Canoo (NASDAQ:GOEV) and Ideanomics (NASDAQ:IDEX) are both small-cap auto/tires/trucks companies, but which is the better business? We will compare the two businesses based on the strength of their analyst recommendations, dividends, media sentiment, earnings, risk, community ranking, valuation, institutional ownership and profitability.
Canoo has a beta of 1.3, indicating that its share price is 30% more volatile than the S&P 500. Comparatively, Ideanomics has a beta of 0.6, indicating that its share price is 40% less volatile than the S&P 500.
In the previous week, Canoo had 1 more articles in the media than Ideanomics. MarketBeat recorded 1 mentions for Canoo and 0 mentions for Ideanomics. Canoo's average media sentiment score of 0.00 equaled Ideanomics'average media sentiment score.
Canoo currently has a consensus target price of $108.10, indicating a potential upside of 31,324.42%. Given Canoo's stronger consensus rating and higher possible upside, analysts clearly believe Canoo is more favorable than Ideanomics.
Ideanomics received 52 more outperform votes than Canoo when rated by MarketBeat users. Likewise, 68.81% of users gave Ideanomics an outperform vote while only 51.11% of users gave Canoo an outperform vote.
Ideanomics' return on equity of 0.00% beat Canoo's return on equity.
Ideanomics has higher revenue and earnings than Canoo. Canoo is trading at a lower price-to-earnings ratio than Ideanomics, indicating that it is currently the more affordable of the two stocks.
36.2% of Canoo shares are held by institutional investors. Comparatively, 4.4% of Ideanomics shares are held by institutional investors. 7.1% of Canoo shares are held by company insiders. Comparatively, 0.6% of Ideanomics shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.
Summary
Canoo and Ideanomics tied by winning 8 of the 16 factors compared between the two stocks.
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New MarketBeat Followers Over Time
This chart shows the number of new MarketBeat users adding {thisCompany.Symbol} and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
Media Sentiment Over Time
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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This page (NASDAQ:IDEX) was last updated on 2/22/2025 by MarketBeat.com Staff
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