 Hello everyone in this video. We're going to talk about IDEX, which is IDENOMICS, which is an innovative company. I'm going to go through exactly some information on this in terms of some of the research about the stock, some of the aspects you should consider, some of the positives and negatives. We're going to have a balanced approach to this and we're going to be looking at the stock price and whether you should buy, what price targets, what where can we see the stock going and all of that information in this video in a short and sweet video, just to respect your time. I've do got to start the video by saying that I'm not a financial advisor. I am a business teacher in my daily life, but I'm by no means an expert on the stock market. Also, I'm a YouTuber that is new to making stock market videos. If you could leave the video a like, that would be fantastic because it helps you get up in the YouTube algorithm and that really helps out as a small channel because that's the only way people can find me. Also, thanks to everybody who's new to the channel and has subscribed recently, I've had a massive influx of new subscribers which is absolutely fantastic. You seem to be this sort of like this presentation format that I do. I kind of go through it step by step in a presentation, a PowerPoint presentation and we break it down. I take excerpts from the investors' relations, we take news articles, we look at the positive and negative in terms of my analysis. Again, I'm not a financial advisor, it's just my analysis. We go through all these sorts of information and that's what we do here on this channel. If that sounds interesting, do subscribe. But let's get right into this. Should you buy IDEX, IDENOMIX, this stock has popped. It did pop towards 3.4 there and it's gone down tremendously and it's starting to climb back up a slightly recently. We'll look at this. Obviously, it's highly volatile but we'll have a look here. I think if you're at a loss, it's nothing to worry about. I think the stock price will increase as to what its highs have been so far, but we'll go into that why that is. But there is some negatives to IDEX as well and positives. So who are they? IDENOMIX is a global company that facilitates the adoption of commercial electric vehicles and supports next generation financial and fintech products. So ultimately, what they're involved in, IDEX, is they're involved in some of these fast growing emerging industries. We've got electric vehicles and fintech products. And you know how I can invest, they're always talking about how fintech is a massive opportunity for growth in terms of financial tech and that is a massive opportunity. And also, obviously, you've got the electric vehicles in terms of their facilitated, going to be facilitated more in the future because it's a growing industry. So they have got a business centered around growing industries, which is a good point. But here, basically they can act as a middleman as well. So they can work with companies and act as a middleman to offer better prices on electric vehicles by getting them wholesale and being like a negotiator and a middleman person when it comes to the electric vehicle space. Okay. So here it says our Electric Vehicle Division Mobile Energy Global provides group purchasing discounts on commercial electric vehicles. So ultimately, this is as the middleman. So they're able to buy wholesale electric vehicles and offer group discounts from that. So there is an area of profitability here, but it's very much dependent on the sales team and how they operate as well. It says electric vehicles, electric vehicle batteries and electricity, as well as financing and charging solutions. We refer to the business model as sales to financing to charging. So it's involved in a lot of areas here. It's saying it's involved in fintech. It's involved in electric vehicles. It's involved in electric charges. You know, there's a running theme here. Let's just get involved with anything that's an emerging industry, it seems. Positives and negatives to that will go into it. Some recent news actually is that Ideonomics has increased its stake in an e-tractor company called Soul Tracked. Following Ideonomics initial investment, Soul Tracked received heightened product and investment interest. Electric tractors are poised to disrupt the $75 billion global agriculture tractor industry. So they've actually increased their stake in this particular company. It's not just about electric vehicles, buses and vans, but also potentially electric tractors as well. In terms of farms and agriculture, the idea of their profit margins, they're always squeezed at their profit margins, particularly when they sell their products to a supermarket because a supermarket wants to get the absolute lowest price possible. Their margins are always squeezed. And if they can reduce their operating costs by having a tractor that's economically efficient in terms of being environmentally friendly as well, then that is going to be better for the company because it will increase its profitability, these agricultural farms. So there is a need for electric tractors potentially as well. So this is an interesting decision for them to do that. It says here, announces that it increased its stake in California based Soul Tracked for a follow-on investment of an additional $1.3 million. This additional investment reflects investment interest in Soul Tracked, which is expected to close in the coming weeks. So the company announces that it has acquired 14.7% of Soul Tracked for the consideration of $1.3 million since the announcement. So they've invested a lot of money in this particular company here and they own a good stake in the company here. So I just thought there was an interesting sort of news article there that's going on there. So we've got a positive news article there. I want to balance this. I don't want to be a hype channel which is hyping up stock for the sake of it. So let's balance this with potentially a negative article. So we've got ideonomics is plowing through cash with little to no upside. With profitability of pipe drain, Iodix stock is highly speculative and has an unpromised business model. So speculative often leads to volatility. So if you are invested in this stock, be along for a bumpy ride, so to speak, because it is highly volatile. So ideonomics recently reported another loss in a string of losses. The problem, frankly, its business model does not have enough upside, at least for the time being. At least for the time being though. So it's nothing that they can't fix. So as a result, Iodix stock is likely to keep cascading down after its recent run up. But what does ideonomics do? Okay, so we've gone through that. So ultimately, they're burning through cash. They're burning through their cash, which is not always good to see. Sometimes it's justified because you can burn through cash because you put money into research and development and other areas. But they are burning through a lot of cash in terms of that, which is not necessarily always good for investors. And the business model itself is trying to be involved in a lot of different industries at once. So we'll come onto that. But we'll come onto the positives here. So it is diversified. It is involved in a lot of industries. And that diversification does mean that they can open up to potential markets on a global context as well. But they've got a lot of areas that they can get involved in because they're diversified. So there's a lot of markets that they can gain profitability from, which can be a positive. And it's involved within the EV sector. And obviously electric vehicle sector is growing and also the fintech sector. And that's also growing. So it's getting involved in sectors that are really, really, really going to be attractive in the future as they become larger sectors as well. Now some of the negatives though. I'm reading through the website and I don't know if this is just me. I like companies that can really explain what they do very, very simply. You know exactly what they do straight away from just a sentence. And because this is involved in so many different industries and trying to do so many different things at once. I'm not sure about the strategic direction of the company. That's just my honest view. And I like to say I'm not a hype channel. I'm not going to hype up stock just for the sake of it. So it's not necessarily negative. It's just a concern that they really do need to pinpoint what is the strategic direction? What are they going for in the future? And really think about that because it just seems that they're trying to just kind of have this scattergun approach where they're involved in all sorts of different things. Which yes, it's brilliant on one sense because you're potentially entering to loads of markets. But what does that impact the overall solid strategic direction? So maybe you agree with me. Maybe you don't comment down below. Profitability needs to be improved as well so that they need to become more profitable. And obviously because it's involved in the electric vehicle industry, it's also highly volatile as well. But just as a positive here that they have been making progress in the company in terms of what they're doing and the deals they're making and how they're expanding. So you can see here recently, you know, they invested in the eTractor company. But from all of these areas here, they've also been making deals and doing contracts and building the company up with other areas here and building strategic partnerships. So there is a lot of positives to the company. But I think we've also got to bear in mind just some of the concerns there. So at the minute the stock price is at $1.84. And the 52-week range is from $0.28 to $4.75. So this incredibly is incredibly volatile stock. I mean, you can obviously do your own research. I'm not a financial advisor. I'm a business teacher in my daily life, but I'm known by my name as an expert on the stock market. But you know, thinking of this, there is potential to swing trade. Like if it goes down to $1.40 or something like that, $1.30, I think that's incredibly cheap for the company. I think it might be slightly cheaper than it is now. But I think there is potential to swing trade the stock. I think in the long term, it's got potential. It has got potential. But I am not persuaded to hold this in a long term just yet. If I was to buy this stock, it would just be to swing trade it. Okay. So for anybody who's bought into the stock and the down a little bit so far, I wouldn't worry about it because it will get back up to its previous highs. There's no doubt about that. But I'm just not 100% sold on this company. I've got to be honest. But that's my view. There is positives, like I say, but we've got to have a balanced approach here. And that's what we do on the channel. I'm not here hyping up stock. We're here to be realistic. And if you like this realistic sort of approach to looking at stocks, feel free to subscribe to the channel and like the video to get it up in the algorithm. And I will see everybody in the next video. Thanks for watching.