indie Semiconductor Inc. (NASDAQ:INDI) finished Thursday with a subtraction of -$0.23 to close at $7.92, a downside of -2.82 percent. An average of 2,092,540 shares of common stock have been traded in the last five days. There was a fall of -$0.81 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 1,451,940 shares traded, while the 50-day average volume stands at 1,922,268.
INDI stock has decreased by -16.72% in the last month. The company shares reached their 1-month lowest point of $7.88 on 08/10/23. With the stock rallying to its 52-week high on 03/03/23, shares of the company touched a low of $5.66 and a high of $11.12 in 52 weeks. It has reached a new high 22 times so far this year and achieved 35.85% or $2.09 in price. In spite of this, the price is down -28.78% from the 52-week high.
Insider Transactions
INDI stock investors should be aware that indie Semiconductor Inc. (INDI) stock had its last reported insider trading activity 9 days ago on Aug 02. In this transaction, the insider spent $350,800. CFO and EVP of Strategy, schiller Thomas, disposed of 30,000 shares at a price of $9.37 on Jul 03. The insider now owns more than $281,100 worth of shares. Prior to that, Director Parekh Sonalee Elizabeth went on to Sale 19,000 shares at $10.61 each on Jun 14. An amount of $201,590 was transacted.
Valuation Metrics
indie Semiconductor Inc. (INDI) stock’s beta is 0.84. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 9.82, the price-to-book (PB) ratio at 2.88.
Financial Health
The quick ratio of indie Semiconductor Inc. for the three months ended March 30 was 2.20, and the current ratio was 2.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.43 and a total debt to equity ratio of 0.44 for the quarter ending March 30. indie Semiconductor Inc.’s EBITDA margin for the year ending March 30 is -92.39%, while its operating margin for the same period stands at -94.20%. Its gross profit as reported stood at $50.31 million compared to revenue of $110.8 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 -22.40%.
Earnings Surprise
For the three-month period that ended March 30, indie Semiconductor Inc. had $155.96 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 -$72.75 million in the quarter, while revenues of -$27.1 million were grew 114.89%. The analyst consensus anticipated indie Semiconductor Inc.’s latest quarter earnings to come in at -$0.11 per share, but it turned out to be -$0.1, a 9.10% surprise. For the quarter, EBITDA amounted to -$27.62 million. Shareholders own equity worth $161.4 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 10 August was 24.62%, suggesting the stock is oversold, with historical volatility in this time frame at 43.61%.
As of today, INDI’s price is $8.30 -9.28% or -$0.81 from its 5-day moving average. INDI is currently trading -17.76% lower than its 20-day SMA and -23.48% lower than its 100-day SMA. However, the stock’s current price level is -14.29% below the SMA50 and +5.46% above the SMA200.
The stochastic %K and %D were 6.58% and 9.06%, respectively, and the average true range (ATR) was 0.38. With the 14-day stochastic at 2.45% and the average true range at 0.38, the RSI (14) stands at 31.40%. The stock has reached -0.53 on the 9-day MACD Oscillator while the 14-day reading was at -0.69.
Analyst Ratings
B. Riley Securities upgraded indie Semiconductor Inc. (NASDAQ: INDI) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for indie Semiconductor Inc. (INDI) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell INDI, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.
What is INDI’s price target for the next 12 months?
Analysts predict a range of price targets between $12.00 and $20.00, with a median target of $15.50. Taking a look at these predictions, the average price target given by analysts for indie Semiconductor Inc. (INDI) stock is $15.67.
