So Far This Year, indie Semiconductor Inc. (INDI) Reached A New High 3 times


At the last check on Friday, indie Semiconductor Inc.’s (NASDAQ:INDI) stock was up $0.36, moving up 3.95 percent to $9.45. The average number of shares traded per day over the past five days has been 1,313,560 shares. 3 times new highs have been achieved over the past 5 days, with a $0.54 gain in that time frame. In the last twenty days, the average volume was 2,041,635, while in the previous 50 days, it was 1,811,900.

Since last month, INDI stock rose 23.20%. Shares of the company fell to $7.39 on 04/28/23, the lowest level in the past month. A 52-week high of $11.12 was reached on 03/03/23 after having rallying from a 52-week low of $5.22. Since the beginning of this year, INDI’s stock price has risen by 62.08% or $3.57, and marked a new high 22 times. However, the stock has declined by -15.03% since its 52-week high.

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INDI stock investors should be aware that indie Semiconductor Inc. (INDI) stock had its last reported insider trading activity 9 days ago on May 17. Aoki Ichiro, the President of the company, disposed of 100,000 shares for $9.00 on May 17. It resulted in a $900,000 divestment by the insider. Aoki Ichiro sold 100,000 shares at an average price of $8.11 on May 15. The insider now owns 6,341 shares following the transaction. On May 10, Chief Executive Officer McClymont Donald sold 50,000 shares at $8.08 apiece. The transaction was valued at $404,000.

Valuation Metrics

The stock’s beta is 0.81. Besides these, the trailing price-to-sales (P/S) ratio of 11.70, the price-to-book (PB) ratio of 3.31.

Financial Health

In the three months ended March 30, indie Semiconductor Inc.’s quick ratio stood at 2.20, while its current ratio was 2.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.43, and the total debt-to-equity ratio was 0.44. On the profitability front, the trailing twelve-month gross margin is 45.60% percent. In the year ended March 30, operating margins totaled -94.20%. Based on annual data, INDI earned $50.31 million in gross profit and brought in $110.8 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -24.40%. Return on equity (ROE) for the past 12 months was -39.20%.

In indie Semiconductor Inc.’s quarter-end financial report for March 30, it reported total debt of $155.96 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. INDI’s revenue rose 45.61% to $88.8 million during the quarter, while net income inched up to $40.45 million. While analysts expected indie Semiconductor Inc. to report -$0.11 quarterly earnings, the actual figure was -$0.1 per share, beating the consensus estimate by 9.10%. During the quarter, the company generated -$27.62 million in EBITDA. The liabilities of indie Semiconductor Inc. were 435.44 million at the end of its most recent quarter ended March 30, and its total debt was $172.42 million. The value of shareholders’ equity is $161.4 million.

Technical Picture

This quick technical analysis looks at indie Semiconductor Inc.’s (INDI) price momentum. With a historical volatility rate of 48.70%, the RSI 9-day stood at 65.91% on 25 May.

With respect to its five-day moving average, the current indie Semiconductor Inc. price is up by +6.04% percent or $0.54. At present, INDI shares trade +24.11% above its 20-day simple moving average and +62.26% percent above its 100-day simple moving average. However, the stock is currently trading approximately -10.10% below its SMA50 and +22.33% above its SMA200.

Stochastic coefficient K was 75.00% and Stochastic coefficient D was 74.17%, while ATR was 0.44. Given the Stochastic reading of 88.98% for the 14-day period, the RSI (14) reading has been calculated as 60.38%. As of today, the MACD Oscillator reading stands at 0.09, while the 14-day reading stands at 0.44.

Analyst Ratings

indie Semiconductor Inc. (INDI) has been rated Buy by analysts. According to 0 brokerage firms, INDI is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate indie Semiconductor Inc. stock as buy, with 6 recommending it as overweight.

With a median target price of $15.50, the current consensus forecast for the stock is $12.00 – $20.00. Based on these forecasts, analysts predict indie Semiconductor Inc. (INDI) will achieve an average price target of $15.67.


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