Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
As of close of business last night, Indie Semiconductor Inc’s stock clocked out at $4.39, up 0.69% from its previous closing price of $4.36. In other words, the price has increased by $0.69 from its previous closing price. On the day, 2.32 million shares were traded. INDI stock price reached its highest trading level at $4.4687 during the session, while it also had its lowest trading level at $4.22.
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 1.87 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:
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 Dec 04 ’24 when THOMAS SCHILLER bought 75,000 shares for $4.03 per share.
McClymont Donald sold 3,081 shares of INDI for $16,946 on Nov 26 ’24. The Chief Executive Officer now owns 18,351 shares after completing the transaction at $5.50 per share. On Nov 26 ’24, another insider, DONALD MCCLYMONT, who serves as the Director of the company, bought 100,000 shares for $5.40 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 799625344 and an Enterprise Value of 935500480. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.87 while its Price-to-Book (P/B) ratio in mrq is 1.91. Its current Enterprise Value per Revenue stands at 4.089 whereas that against EBITDA is -8.671.
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 6.52%, while the 200-Day Moving Average is calculated to be -16.77%.
Shares Statistics:
It appears that INDI traded 4.52M shares on average per day over the past three months and 11551990 shares per day over the past ten days. A total of 181.43M shares are outstanding, with a floating share count of 179.39M. Insiders hold about 11.16% of the company’s shares, while institutions hold 80.55% stake in the company. Shares short for INDI as of 1732838400 were 28050980 with a Short Ratio of 6.21, compared to 1730332800 on 29250908. Therefore, it implies a Short% of Shares Outstanding of 28050980 and a Short% of Float of 17.69.
