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As of close of business last night, Indie Semiconductor Inc’s stock clocked out at $3.75, down -6.02% from its previous closing price of $3.99. In other words, the price has decreased by -$6.02 from its previous closing price. On the day, 1.81 million shares were traded. INDI stock price reached its highest trading level at $3.9938 during the session, while it also had its lowest trading level at $3.71.
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 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:
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 Sep 03 ’24 when Wittmann Michael sold 3,531 shares for $3.87 per share. The transaction valued at 13,665 led to the insider holds 47,235 shares of the business.
schiller Thomas sold 75,000 shares of INDI for $287,250 on Sep 03 ’24. The CFO and EVP of Strategy now owns 977,192 shares after completing the transaction at $3.83 per share. On Sep 03 ’24, another insider, THOMAS SCHILLER, who serves as the Officer of the company, bought 75,000 shares for $4.15 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 672644992 and an Enterprise Value of 776214656. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.15 while its Price-to-Book (P/B) ratio in mrq is 1.55. Its current Enterprise Value per Revenue stands at 3.299 whereas that against EBITDA is -7.847.
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 -14.62%, while the 200-Day Moving Average is calculated to be -38.71%.
Shares Statistics:
It appears that INDI traded 2.65M shares on average per day over the past three months and 2400600 shares per day over the past ten days. A total of 197.42M shares are outstanding, with a floating share count of 174.85M. Insiders hold about 11.43% of the company’s shares, while institutions hold 75.14% stake in the company. Shares short for INDI as of 1726185600 were 28850805 with a Short Ratio of 10.87, compared to 1723680000 on 26690936. Therefore, it implies a Short% of Shares Outstanding of 28850805 and a Short% of Float of 18.52.
