The stock of indie Semiconductor Inc. (NASDAQ:INDI) decreased by -$0.16 on Tuesday to finish at $7.25, down -2.16 percent. The last five days have seen an average of 4,427,300 shares of common stock traded. 22 times new highs were reached in the current year, with a gain of $1.42. The average number of shares traded over the last 20 days was 2,112,995, while the average volume over the last 50 days totaled 2,068,170.
INDI stock dropped -25.41% since last month. On 08/11/23, the company’s shares reached a one-month low of $6.51. The stock touched a high of $11.12 on 03/03/23, after rallying from a low of $5.66 in 52 weeks. The price of INDI stock has risen by 24.36% or $1.42 this year, reaching a new high 22 times. Still, the stock price is down -34.80% from the 52-week high.
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Insider Transactions
INDI stock investors should be aware that indie Semiconductor Inc. (INDI) stock had its last reported insider trading activity 14 days ago on Aug 02. On Aug 02, CFO and EVP of Strategy schiller Thomas sold 40,000 shares at $8.77 each. This transaction resulted in the insider making $350,800. On Jul 03, schiller Thomas sold 30,000 shares at a price of US$9.37. After the transaction, the insider now owns 1,191,280 shares. Director Parekh Sonalee Elizabeth had earlier sold 19,000 shares on Jun 14 for $10.61 a share. The transaction was completed for $201,590.
Valuation Metrics
Beta for the stock is 0.85. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 9.58, the price-to-book (PB) ratio of 2.64.
Financial Health
For the three months ended June 29, indie Semiconductor Inc.’s quick ratio was 2.20, while its current ratio was 2.50, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.43, and the total debt to equity ratio is 0.44. As far as profitability goes, gross margin for the trailing twelve months is 45.60% percent. indie Semiconductor Inc.’s EBITDA margin for the year ended June 29 was -92.39%, whereas its operating margin stood at -92.20% for the same period. Based on annual data, it had gross profit of $50.31 million and revenue of $110.8 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. INDI’s return on assets (ROA) during the last 12 months has been -7.70%. There was a -24.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -13.40%.
Earnings Surprise
According to indie Semiconductor Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $52.11 million, while revenues rose by 100.0% to $40.45 million. It was predicted that indie Semiconductor Inc.’s quarterly earnings would be -$0.1, but it ended up being -$0.09, beating the consensus by -11.10%. EBITDA was -$26.9 million for the quarter. At the end of indie Semiconductor Inc.’s most recent quarter ended June 29, its liabilities totaled 395.64 million, while its total debt was $172.12 million. Equity owned by shareholders amounts to $164.79 million.
Technical Picture
Here’s a quick look at indie Semiconductor Inc.’s (INDI) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 17.08%, suggesting the stock is oversold, with a 28.05% historical volatility rate.
The stochastic %K and %D were 29.06% and 21.76% respectively, while the average true range (ATR) was 0.45. Based on the 14-day stochastic reading of 24.67%, the RSI (14) reading is 24.90%. On the 9-day MACD Oscillator, the stock is at -0.66, and the 14-day reading is at -1.04.
Analyst Ratings
In its most recent analyst report, B. Riley Securities raised its rating on indie Semiconductor Inc. (NASDAQ: INDI) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned indie Semiconductor Inc. (INDI) an Buy rating. INDI is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 6 others recommend it as a buy.
What is INDI’s price target for the next 12 months?
The current consensus forecast for the stock is between $12.00 and $17.00, with a median target price of $13.50. In analyzing these forecasts, the average price target given by analysts for indie Semiconductor Inc. (INDI) is $13.92.
