The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
As of close of business last night, Indie Semiconductor Inc’s stock clocked out at $6.13, up 2.68% from its previous closing price of $5.97. In other words, the price has increased by $2.68 from its previous closing price. On the day, 1.37 million shares were traded. INDI stock price reached its highest trading level at $6.14 during the session, while it also had its lowest trading level at $5.965.
Ratios:
To gain a deeper understanding of INDI’s stock, we examine its different ratios. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on May 02 ’24 when schiller Thomas sold 60,000 shares for $5.68 per share. The transaction valued at 340,800 led to the insider holds 1,039,583 shares of the business.
Wittmann Michael sold 1,832 shares of INDI for $9,508 on Apr 22 ’24. The Chief Operating Officer now owns 37,860 shares after completing the transaction at $5.19 per share. On Mar 21 ’24, another insider, Wittmann Michael, who serves as the Chief Operating Officer of the company, sold 1,580 shares for $6.92 each. As a result, the insider received 10,934 and left with 35,460 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 1021858752 and an Enterprise Value of 1062079872. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.09 while its Price-to-Book (P/B) ratio in mrq is 2.50. Its current Enterprise Value per Revenue stands at 4.759 whereas that against EBITDA is -11.809.
Stock Price History:
Over the past 52 weeks, INDI has reached a high of $10.85, while it has fallen to a 52-week low of $4.67. The 50-Day Moving Average of the stock is -2.19%, while the 200-Day Moving Average is calculated to be -9.13%.
Shares Statistics:
It appears that INDI traded 2.88M shares on average per day over the past three months and 3814190 shares per day over the past ten days. A total of 163.19M shares are outstanding, with a floating share count of 155.04M. Insiders hold about 16.37% of the company’s shares, while institutions hold 71.23% stake in the company. Shares short for INDI as of 1713139200 were 25599010 with a Short Ratio of 8.87, compared to 1710460800 on 21426883. Therefore, it implies a Short% of Shares Outstanding of 25599010 and a Short% of Float of 17.68.
