In the latest session, Indie Semiconductor Inc (NASDAQ: INDI) closed at $6.00 down -5.81% from its previous closing price of $6.37. On the day, 3270662 shares were traded.
Ratios:
For a deeper understanding of Indie Semiconductor Inc’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 21 ’24 when Wittmann Michael sold 1,580 shares for $6.92 per share. The transaction valued at 10,934 led to the insider holds 35,460 shares of the business.
Wittmann Michael sold 8,700 shares of INDI for $60,465 on Mar 11 ’24. The Chief Operating Officer now owns 35,460 shares after completing the transaction at $6.95 per share. On Mar 04 ’24, another insider, Aoki Ichiro, who serves as the President of the company, sold 50,000 shares for $6.77 each. As a result, the insider received 338,500 and left with 31,208 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 4.93 while its Price-to-Book (P/B) ratio in mrq is 2.45.
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.
Shares Statistics:
A total of 163.19M shares are outstanding, with a floating share count of 153.01M. Insiders hold about 16.49% of the company’s shares, while institutions hold 71.81% stake in the company.
Earnings Estimates
There are MSCI India NTR Index Futures – different market analysts currently analyzing its stock. The consensus estimate for the next quarter is $119.68, with high estimates of $2.16 and low estimates of $6.08.
EPS for the following year is $Future, with Future analysts recommending between $Stocks and $Stocks.
