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The closing price of Indie Semiconductor Inc (NASDAQ: INDI) was $4.22 for the day, up 3.18% from the previous closing price of $4.09. In other words, the price has increased by $3.18 from its previous closing price. On the day, 2.89 million shares were traded. INDI stock price reached its highest trading level at $4.27 during the session, while it also had its lowest trading level at $4.015.
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 2.20 and its Current Ratio is at 2.66. In the meantime, Its Debt-to-Equity ratio is 0.39 whereas as Long-Term Debt/Eq ratio is at 0.36.
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 Jul 03 ’24 when Wittmann Michael sold 1,729 shares for $6.13 per share. The transaction valued at 10,599 led to the insider holds 44,110 shares of the business.
Aoki Ichiro sold 50,000 shares of INDI for $307,000 on Jun 24 ’24. The President now owns 36,631 shares after completing the transaction at $6.14 per share. On Jun 21 ’24, another insider, Wittmann Michael, who serves as the Chief Operating Officer of the company, sold 1,622 shares for $6.20 each. As a result, the insider received 10,056 and left with 37,860 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 756949824 and an Enterprise Value of 860519424. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.54 while its Price-to-Book (P/B) ratio in mrq is 1.74. Its current Enterprise Value per Revenue stands at 3.657 whereas that against EBITDA is -8.699.
Stock Price History:
Over the past 52 weeks, INDI has reached a high of $8.69, while it has fallen to a 52-week low of $3.91. The 50-Day Moving Average of the stock is -26.47%, while the 200-Day Moving Average is calculated to be -35.15%.
Shares Statistics:
INDI traded an average of 2.86M shares per day over the past three months and 3203930 shares per day over the past ten days. A total of 197.42M shares are outstanding, with a floating share count of 174.52M. Insiders hold about 11.60% of the company’s shares, while institutions hold 74.86% stake in the company. Shares short for INDI as of 1722384000 were 25967144 with a Short Ratio of 9.09, compared to 1719532800 on 25646093. Therefore, it implies a Short% of Shares Outstanding of 25967144 and a Short% of Float of 16.98.
