"Ideanomics,Inc. (NASDAQ: IDEX) is one of the best growth stocks to buy."
Ideanomics, Inc. (NASDAQ: IDEX) is a company that markets EVadoption services. It is placed eighth on our list of 10 best growth stocksunder $10. The stock has returned 76% to investors over the course of the pasttwelve months. On May 17, the company posted earnings for the first quarter,reporting earnings per share of $0.00, beating market estimates by $0.03. Therevenue over the period was more than $32 million, beating market estimates bymore than $7.7 million. The firm also revealed that it had $356 million in cashat the end of the quarter.
On June 3, investment advisory Roth Capital maintained a Buyrating on Ideanomics, Inc. (NASDAQ: IDEX) stock with a price target of $7, appreciatingthe progress the firm was making to bring wireless charging infrastructure tothe market.
At the end of the first quarter of 2021, 7 hedge funds in thedatabase of Insider Monkey held stakes worth $20 million in Ideanomics, Inc.(NASDAQ: IDEX), up from 5 in the preceding quarter worth $3.4 million.
In line with Amazon.com, Inc. (NASDAQ: AMZN), Tesla, Inc.(NASDAQ: TSLA), Palantir Technologies Inc. (NYSE: PLTR), Shopify Inc. (NYSE:SHOP), Twitter, Inc. (NYSE: TWTR), and Sea Limited (NYSE: SE), Ideanomics, Inc.(NASDAQ: IDEX) is one of the best growth stocks to buy.https://finance.yahoo.com/news/10-best-growth-stocks-under-220155063.html
