As of Thursday close, indie Semiconductor Inc.’s (NASDAQ:INDI) stock was down -$0.04, moving down -0.64 percent to $6.22. The average number of shares traded per day over the past five days has been 3,046,380 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.61 fall in that time frame. In the last twenty days, the average volume was 2,632,730, while in the previous 50 days, it was 2,410,500.
Since last month, INDI stock retreated -4.89%. Shares of the company fell to $6.06 on 09/21/23, 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 $5.66. Since the beginning of this year, INDI’s stock price has risen by 6.69% or $0.39, and marked a new high 22 times. However, the stock has declined by -44.06% since its 52-week high.
INDI stock investors should be aware that indie Semiconductor Inc. (INDI) stock had its last reported insider trading activity 9 days ago on Sep 13. Parekh Sonalee Elizabeth, the Director of the company, disposed of 10,700 shares for $6.50 on Sep 13. It resulted in a $69,550 divestment by the insider. schiller Thomas sold 40,000 shares at an average price of $8.77 on Aug 02. The insider now owns 1,151,280 shares following the transaction. On Jul 03, CFO and EVP of Strategy schiller Thomas sold 30,000 shares at $9.37 apiece. The transaction was valued at $281,100.
Valuation Metrics
The stock’s beta is 0.87. Besides these, the trailing price-to-sales (P/S) ratio of 6.70, the price-to-book (PB) ratio of 2.29.
Financial Health
In the three months ended June 29, indie Semiconductor Inc.’s quick ratio stood at 2.30, while its current ratio was 2.70, 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 June 29 was 0.40, and the total debt-to-equity ratio was 0.41. On the profitability front, the trailing twelve-month gross margin is 43.90% percent. In the year ended June 29, EBITDA margin amounted to -92.39%, whereas operating margins totaled -85.20%. 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 -40.10%.
In indie Semiconductor Inc.’s quarter-end financial report for June 29, it reported total debt of $156.21 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 100.0% to $40.45 million during the quarter, while net income inched up to $52.11 million. While analysts expected indie Semiconductor Inc. to report -$0.09 quarterly earnings, the actual figure was -$0.1 per share, beating the consensus estimate by -11.10%. During the quarter, the company generated -$26.9 million in EBITDA. The liabilities of indie Semiconductor Inc. were 395.64 million at the end of its most recent quarter ended June 29, and its total debt was $172.12 million. The value of shareholders’ equity is $164.79 million.
Technical Picture
This quick technical analysis looks at indie Semiconductor Inc.’s (INDI) price momentum. With a historical volatility rate of 39.81%, the RSI 9-day stood at 32.50% on 21 September.
With respect to its five-day moving average, the current indie Semiconductor Inc. price is down by -8.93% percent or -$0.61. At present, INDI shares trade -7.99% below its 20-day simple moving average and -17.83% percent below its 100-day simple moving average. However, the stock is currently trading approximately -34.60% below its SMA50 and -23.77% below its SMA200.
Stochastic coefficient K was 15.50% and Stochastic coefficient D was 23.58%, while ATR was 0.31. Given the Stochastic reading of 15.17% for the 14-day period, the RSI (14) reading has been calculated as 33.71%. As of today, the MACD Oscillator reading stands at -0.22, while the 14-day reading stands at -0.33.
Analyst Ratings
B. Riley Securities upgraded its rating on indie Semiconductor Inc. (NASDAQ: INDI) to a Buy in a note to investors on February 14, 2023. The analysts firm previously had a Neutral rating on the stock.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 $13.50, the current consensus forecast for the stock is $12.00 – $17.00. Based on these forecasts, analysts predict indie Semiconductor Inc. (INDI) will achieve an average price target of $13.92.
