Lucid Group (NASDAQ:LCID – Get Rating) and Ideanomics (NASDAQ:IDEX – Get Rating) are both auto/tires/trucks companies, but which is the superior business? We will compare the two companies based on the strength of their dividends, risk, analyst recommendations, earnings, valuation, profitability and institutional ownership.
Volatility and Risk
Lucid Group has a beta of 0.38, suggesting that its share price is 62% less volatile than the S&P 500. Comparatively, Ideanomics has a beta of 0.06, suggesting that its share price is 94% less volatile than the S&P 500.
Earnings and Valuation
This table compares Lucid Group and Ideanomics’ top-line revenue, earnings per share and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Lucid Group | $27.11 million | 1,110.46 | -$2.58 billion | -1.45 | -12.45 |
| Ideanomics | $26.76 million | 13.20 | -$98.22 million | ($0.34) | -2.09 |
Ideanomics has lower revenue, but higher earnings than Lucid Group. Lucid Group is trading at a lower price-to-earnings ratio than Ideanomics, indicating that it is currently the more affordable of the two stocks.
Insider & Institutional Ownership
69.4% of Lucid Group shares are owned by institutional investors. Comparatively, 19.9% of Ideanomics shares are owned by institutional investors. 62.5% of Lucid Group shares are owned by insiders. Comparatively, 3.3% of Ideanomics shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.
Profitability
This table compares Lucid Group and Ideanomics’ net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Lucid Group | -1,030.53% | -34.45% | -19.66% |
| Ideanomics | N/A | N/A | N/A |
Analyst Ratings
This is a breakdown of current ratings and price targets for Lucid Group and Ideanomics, as provided by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Lucid Group | 1 | 2 | 5 | 0 | 2.50 |
| Ideanomics | 0 | 1 | 1 | 0 | 2.50 |
Lucid Group currently has a consensus target price of 32.83, indicating a potential upside of 81.90%. Ideanomics has a consensus target price of $3.00, indicating a potential upside of 322.54%. Given Ideanomics’ higher probable upside, analysts plainly believe Ideanomics is more favorable than Lucid Group.
Summary
Ideanomics beats Lucid Group on 7 of the 13 factors compared between the two stocks.
About Lucid Group
Lucid Group, Inc. a technology and automotive company, develops electric vehicle (EV) technologies. The company designs, engineers, and builds electric vehicles, EV powertrains, and battery systems. As of December 31, 2021, it operates twenty retail studios in the United States. Lucid Group, Inc. was founded in 2007 and is headquartered in Newark, California.
About Ideanomics
Ideanomics, Inc. focuses on driving the adoption of commercial electric vehicles, associated energy consumption, and developing financial services and fintech products. Its Ideanomics Mobility division facilitates the adoption of electric vehicles by commercial fleet operators. This division also offers solutions for the procurement, financing, charging, and energy management needs for fleet operators of commercial electric vehicles. The company’s Ideanomics Capital division provides fintech services, which focuses on the enhancement of efficiency, transparency, and profitability for the financial services industry. Ideanomics, Inc. was incorporated in 2004 and is headquartered in New York, New York.
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