Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The closing price of Indie Semiconductor Inc (NASDAQ: INDI) was $5.00 for the day, down -7.41% from the previous closing price of $5.40. In other words, the price has decreased by -$7.41 from its previous closing price. On the day, 2.73 million shares were traded. INDI stock price reached its highest trading level at $5.53 during the session, while it also had its lowest trading level at $4.95.
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 1.87 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:
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 Nov 26 ’24 when DONALD MCCLYMONT bought 100,000 shares for $5.40 per share.
McClymont Donald sold 200,000 shares of INDI for $942,500 on Nov 12 ’24. The Chief Executive Officer now owns 18,351 shares after completing the transaction at $4.71 per share. On Nov 12 ’24, another insider, DONALD KENNETH MCCLYMONT, who serves as the Officer of the company, bought 200,000 shares for $4.71 each.
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 910735040 and an Enterprise Value of 1121211264. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.41 while its Price-to-Book (P/B) ratio in mrq is 2.17. Its current Enterprise Value per Revenue stands at 4.9 whereas that against EBITDA is -10.392.
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 26.61%, while the 200-Day Moving Average is calculated to be -8.02%.
Shares Statistics:
INDI traded an average of 3.26M shares per day over the past three months and 3414270 shares per day over the past ten days. A total of 201.92M shares are outstanding, with a floating share count of 179.20M. Insiders hold about 11.25% of the company’s shares, while institutions hold 81.12% stake in the company. Shares short for INDI as of 1730332800 were 29250908 with a Short Ratio of 8.97, compared to 1727654400 on 29293645. Therefore, it implies a Short% of Shares Outstanding of 29250908 and a Short% of Float of 18.78.
