Ideanomics (NASDAQ: IDEX) is a small company that appears to have an identity crisis. It previously operated in the “video on demand” niche. However, since then, it has evolved into a holding company with a wide range of operations from blockchain and AI to crude oil trading. Still, in my view, IDEX’s recent transition towards fintech has virtually nothing tangible to offer to investors. Thus, I believe it’s probably best to outright avoid the stock.