The closing price of Indie Semiconductor Inc (NASDAQ: INDI) was $6.87 for the day, down -2.28% from the previous closing price of $7.03. In other words, the price has decreased by -$0.16 from its previous closing price. On the day, 1636451 shares were traded.
Ratios:
Our analysis of INDI’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.72 and its Current Ratio is at 1.96. In the meantime, Its Debt-to-Equity ratio is 0.39 whereas as Long-Term Debt/Eq ratio is at 0.38.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Craig Hallum on February 23, 2024, Reiterated its Buy rating but revised its target price to $10 from $12 previously.
On December 01, 2023, CJS Securities started tracking the stock assigning a Market Outperform rating and target price of $15.
B. Riley Securities Upgraded its Neutral to Buy on February 14, 2023, whereas the target price for the stock was revised from $10 to $13.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 11 ’24 when Wittmann Michael sold 8,700 shares for $6.95 per share. The transaction valued at 60,465 led to the insider holds 35,460 shares of the business.
Aoki Ichiro sold 50,000 shares of INDI for $338,500 on Mar 04 ’24. The President now owns 31,208 shares after completing the transaction at $6.77 per share. On Feb 27 ’24, another insider, McClymont Donald, who serves as the Chief Executive Officer of the company, sold 50,000 shares for $6.25 each. As a result, the insider received 312,500 and left with 76,750 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, INDI now has a Market Capitalization of 1.13B and an Enterprise Value of 1.16B. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.64 while its Price-to-Book (P/B) ratio in mrq is 2.80. Its current Enterprise Value per Revenue stands at 5.18 whereas that against EBITDA is -12.69.
Stock Price History:
Over the past 52 weeks, INDI has reached a high of $11.04, while it has fallen to a 52-week low of $4.67. The 50-Day Moving Average of the stock is 6.84, while the 200-Day Moving Average is calculated to be 7.36.
Shares Statistics:
INDI traded an average of 2.45M shares per day over the past three months and 2.45M shares per day over the past ten days. A total of 163.19M shares are outstanding, with a floating share count of 139.59M. Insiders hold about 23.81% of the company’s shares, while institutions hold 68.31% stake in the company. Shares short for INDI as of Feb 29, 2024 were 21.09M with a Short Ratio of 8.62, compared to 17.55M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 12.82% and a Short% of Float of 13.13%.
Earnings Estimates
The firm’s stock currently is rated by 7 analysts. On average, analysts expect EPS of -$0.08 for the current quarter, with a high estimate of -$0.08 and a low estimate of -$0.09, while EPS last year was -$0.1. The consensus estimate for the next quarter is -$0.07, with high estimates of -$0.06 and low estimates of -$0.08.
Analysts are recommending an EPS of between -$0.14 and -$0.25 for the fiscal current year, implying an average EPS of -$0.18. EPS for the following year is $0.16, with 7 analysts recommending between $0.27 and -$0.1.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 7 analysts. It ranges from a high estimate of $56.8M to a low estimate of $56M. As of the current estimate, Indie Semiconductor Inc’s year-ago sales were $40M, an estimated increase of 40.40% from the year-ago figure.
A total of 7 analysts have provided revenue estimates for INDI’s current fiscal year. The highest revenue estimate was $288.2M, while the lowest revenue estimate was $278M, resulting in an average revenue estimate of $282.88M. In the same quarter a year ago, actual revenue was $223.17M, up 26.80% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $419.51M in the next fiscal year. The high estimate is $445M and the low estimate is $394.9M. The average revenue growth estimate for next year is up 48.30% from the average revenue estimate for this year.
