IDEX

 

Ideanomics' stock soars on heavy volume after order for 200 EVs in China

Published: June 22, 2020 at 1:49 p.m. ET

Referenced Symbols

IDEX
+0.52%
TSLA
+2.55%
NIO
+1.93%
SPX
+1.79%

Shares of Ideanomics Inc. IDEX, +0.52% soared 53% toward a 19-month high in very active afternoon trading Monday, after the facilitator of the adoption of electric vehicles (EVs) announced an order for 200 EVs in China. Trading volume was 291.2 million shares, compared with the full-day average of about 23.8 million shares, and enough to make the stock the most actively traded on major U.S. exchanges. The company said its Mobile Energy Global (MEG) subsidiary secured the order, which was valued at RMB24 million ($3.2 million), or about $16,000 per vehicle. The company said the order will be filled with Dongfeng Liuzhou S50EV models, with delivery of the vehicles to Neijiang City expected to be completed in mid-July. The stock, which is on track to close at the highest level since November 2018, has rocketed 6-fold (up 506%) over the past three months, while shares of EV rivals Tesla Inc. TSLA, +2.55% have rallied 134% and Nio Inc. NIO, +1.93% have climbed 216% over the same time, and the S&P 500 SPX, +1.79% has gained 35%.

BOXL

 Boxlight as of October 5 2020 (NASDAQ:BOXL) stock rose 14.51% to $2.05. 

Trading volume for Boxlight's stock is 11.1 million as of 12:31 EST. 

This is 64.81% of its average full-day volume over the last 100 days. 

 The company's market cap stands at $29.7 million.

Last$ 2.055

Chg    0.265

% Chg14.80%

Volume          Avg Vol

17.1575M    17.3772M

Year / Day Range

0.334.65

 

 As of 5 October 2020 MarketWatch News

• Open $1.94
• Day Range 1.87 - 2.12
• 52 Week Range 0.33 - 4.65
• Market Cap $90.42M   
• Shares Outstanding 50.51M
• Public Float 42.49M
• Beta 0.68
• Rev. per Employee n/a
• P/E Ratio n/a
• EPS $-0.56
• Yield n/a
• Dividend n/a
• Ex-Dividend Date n/a
• Short Interest 1.45M 09/15/20
• % of Float Shorted 3.40%
• Average Volume 17.38M

 

Background information of BOXL 

 

Boxlight Corp. is an education technology company. 

 

It develops, sells and services interactive classroom solutions for the global education market. 

 

The company designs, manufactures and distributes interactive projectors, flat panel displays, touch projectors, touch boards, and MimioTeach through the Boxlight Group and Genesis brands. 

 

The firm provides features and specifications like using pens or fingers as a mouse which allows teacher, moderator or student to write or draw images displayed on the surface. Its customers include schools including K-12 and higher education, enterprise for training purposes, government and healthcare.

 The company was founded by Herbert Myers and Sloan Myers in 1985 and is headquartered in Lawrenceville, GA.  Georgia State USA