The Insider Activity Report For indie Semiconductor Inc. (INDI): Who’s Selling?

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KOSK
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indie Semiconductor Inc. (NASDAQ:INDI) finished Wednesday with a subtraction of -$0.39 to close at $7.93, a downside of -4.69 percent. An average of 1,181,340 shares of common stock have been traded in the last five days. There was a fall of -$0.59 in the past week, and it reached a new high 12 times over the past 12 months. The last 20 days have seen an average of 1,533,570 shares traded, while the 50-day average volume stands at 1,185,456.

INDI stock has increased by 9.23% in the last month. The company shares reached their 1-month lowest point of $7.11 on 08/22/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $5.07 and a high of $16.33 in 52 weeks. It has reached a new high 1 time so far this year and lost -33.86% or -$4.06 in price. In spite of this, the price is down -51.44% from the 52-week high.


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Insider Transactions

6 days have passed since indie Semiconductor Inc. (INDI) last reported insider trading activity. McClymont Donald, who is Chief Executive Officer, most recently acquired $50,000 shares at $8.17 per share on Sep 16. In this transaction, the insider spent $408,500. Chief Technology Officer, Kee Scott David, disposed of 50,000 shares at a price of $8.20 on Sep 16. The insider now owns more than $410,000 worth of shares. Prior to that, CFO and EVP of Strategy schiller Thomas went on to Sale 50,000 shares at $8.37 each on Sep 02. An amount of $418,500 was transacted.

Valuation Metrics

indie Semiconductor Inc. (INDI) has a trailing price-to-sales (P/S) ratio at 15.04, the price-to-book (PB) ratio at 2.85.

Financial Health

The quick ratio of indie Semiconductor Inc. for the three months ended March 30 was 3.70, and the current ratio was 3.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.01 and a total debt to equity ratio of 0.06 for the quarter ending March 30. Its gross profit as reported stood at $19.71 million compared to revenue of $48.41 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, indie Semiconductor Inc.’s return on assets was -22.30%.

Earnings Surprise

For the three-month period that ended March 30, indie Semiconductor Inc. had $4.8 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$13.57 million in the quarter, while revenues were shrunk -0.0%. The analyst consensus anticipated indie Semiconductor Inc.’s latest quarter earnings to come in at -$0.12 per share, but it turned out to be -$0.11, a 8.30% surprise. For the quarter, EBITDA amounted to -$24.25 million. Shareholders own equity worth $145.96 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at indie Semiconductor Inc. (INDI) price momentum. RSI 9-day as of the close on 21 September was 39.96%, suggesting the stock is Neutral, with historical volatility in this time frame at 35.30%.

As of today, INDI’s price is $8.27 -6.92% or -$0.59 from its 5-day moving average. INDI is currently trading +6.44% higher than its 20-day SMA and +11.69% higher than its 100-day SMA. However, the stock’s current price level is +40.85% above the SMA50 and -39.14% below the SMA200.

The stochastic %K and %D were 34.17% and 42.38%, respectively, and the average true range (ATR) was 0.39. With the 14-day stochastic at 6.16% and the average true range at 0.39, the RSI (14) stands at 46.68%. The stock has reached -0.16 on the 9-day MACD Oscillator while the 14-day reading was at -0.19.

Analyst Ratings

B. Riley Securities downgraded indie Semiconductor Inc. (NASDAQ: INDI) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy.

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