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The price of Indie Semiconductor Inc (NASDAQ: INDI) closed at $4.75 in the last session, down -6.50% from day before closing price of $5.08. In other words, the price has decreased by -$6.50 from its previous closing price. On the day, 4.92 million shares were traded. INDI stock price reached its highest trading level at $5.095 during the session, while it also had its lowest trading level at $4.66.
Ratios:
We take a closer look at INDI’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.87 and its Current Ratio is at 2.39. In the meantime, Its Debt-to-Equity ratio is 0.43 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 12 ’24 when DONALD KENNETH MCCLYMONT bought 200,000 shares for $4.71 per share.
Wittmann Michael sold 3,531 shares of INDI for $13,665 on Sep 03 ’24. The Chief Operating Officer now owns 47,235 shares after completing the transaction at $3.87 per share. On Sep 03 ’24, another insider, schiller Thomas, who serves as the CFO and EVP of Strategy of the company, sold 75,000 shares for $3.83 each. As a result, the insider received 287,250 and left with 977,192 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 921666304 and an Enterprise Value of 1001694464. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.19 while its Price-to-Book (P/B) ratio in mrq is 2.07. Its current Enterprise Value per Revenue stands at 4.378 whereas that against EBITDA is -9.285.
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 $3.16. The 50-Day Moving Average of the stock is 27.23%, while the 200-Day Moving Average is calculated to be -14.13%.
Shares Statistics:
According to the various share statistics, INDI traded on average about 3.24M shares per day over the past 3-months and 6688980 shares per day over the past 10 days. A total of 197.42M shares are outstanding, with a floating share count of 174.81M. Insiders hold about 11.45% of the company’s shares, while institutions hold 79.64% stake in the company. Shares short for INDI as of 1728950400 were 28678593 with a Short Ratio of 9.02, compared to 1726185600 on 28850805. Therefore, it implies a Short% of Shares Outstanding of 28678593 and a Short% of Float of 18.41.
