IDEANOMICS, INC. (IDEX)

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Company Profile: IDEANOMICS, INC. (IDEX)

Ticker: IDEX​

Current Price: $2.25​

Description:​

IDEX is a small-cap company that focuses on producing electric vehicles that range from trucks to cars. They recently made a very positive purchase of a company called Wave who produces wireless electric car charging stations. IDEX subsidiary “Tree Technologies” specializes in electric scooters which market should be valued around 42 Billion by 2030. One analyst puts IDEX as a hold, but their purchase of Wave was not foreseen. 

Institutions only about 5% of the stock, but this will surely increase with the stock price increasing since most institutions won’t purchase stocks under $5.

The problem with this stock is how uncertain the EV market is and the abundance of new companies emerging every month, as well as a long regulatory process with electric cars. 
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It doesn't hurt adding a small number of shares to your portfolio, it could be a while until you see returns, but it could definitely work out.