Expensive Market, What To Buy? Ideanomics Inc. (NASDAQ:IDEX), Electronic Arts Inc. (NASDAQ:EA)

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 0 believe it has the potential for further growth, thus rating it as Hold while 1 advised investors to purchase the stock. The price of the stock the last time has raised by 147.50% from its 52-Week high price while it is -75.95% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 69.39.

The shares of the company added by 13.85% during the trading session on Wednesday, reaching a low of $0.525 while ending the day at $0.68. During the trading session, a total of 1.68 million shares were traded which represents a -97.46% decline from the average session volume which is 849020.0 shares. IDEX had ended its last session trading at $0.60. IDEX 52-week low price stands at $0.28 while its 52-week high price is $2.84.

The Ideanomics Inc. generated 2.63 million in revenue during the last quarter.

Investment analysts at CFRA published a research note on March 24, 2020 where it informed investors and clients that Electronic Arts Inc. (NASDAQ:EA) is now rated as Strong Buy. MKM Partners also rated EA as Upgrade on March 17, 2020, with its price target of $114 suggesting that EA could surge by 24.89% from its current share price. Even though the stock has been trading at $94.30/share, analysts expect it to down by -4.94% to reach $119.34/share. It started the day trading at $94.15 and traded between $89.46 and $89.64 throughout the trading session.

A look at its technical shows that EA’s 50-day SMA is 105.27 while its 200-day SMA stands at 99.15. The stock has a high of $114.13 for the year while the low is $85.69. The stock, however, witnessed a rise in its short on 03/13/20. Compared to previous close which recorded 5.21 M shorted shares, the short percentage went higher by 35.33%, as 7.05M IDEX shares were shorted. At the moment, only 1.81% of Electronic Arts Inc. shares were sold short. The company’s P/E ratio currently sits at 9.43, while the P/B ratio is 3.62. The company’s average trading volume currently stands at 3.39M shares, which means that the short-interest ratio is just 1.54 days. Over the past seven days, the company moved, with its shift of -0.63%. Looking further, the stock has dropped -16.84% over the past 90 days while it lost -7.93% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The The Vanguard Group, Inc. sold more EA shares, decreasing its portfolio by -0.59% during the last quarter. This move now sees The The Vanguard Group, Inc. selling -129,953 shares in the last quarter, thus it now holds 22,051,510 shares of EA, with a total valuation of $2,235,361,569. BlackRock Fund Advisors meanwhile bought more EA shares in the recently filed quarter, changing its stake to $1,362,420,910 worth of shares.

Similarly, SSgA Funds Management, Inc. increased its Electronic Arts Inc. shares by 2.03% during the recently filed quarter. After buying 13,268,443 shares in the last quarter, the firm now controls 264,185 shares of Electronic Arts Inc. which are valued at $1,345,022,067. In the same vein, Massachusetts Financial Services … increased its Electronic Arts Inc. shares by during the most recent reported quarter. The firm bought 813,201 shares during the quarter which increased its stakes to 10,726,772 shares and is now valued at $1,087,372,878. Following these latest developments, around 0.20% of Electronic Arts Inc. stocks are owned by institutional investors and hedge funds.