In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks 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
After finishing at $3.63 in the prior trading day, Indie Semiconductor Inc (NASDAQ: INDI) closed at $3.58, down -1.38%. In other words, the price has decreased by -$1.38 from its previous closing price. On the day, 1.69 million shares were traded. INDI stock price reached its highest trading level at $3.65 during the session, while it also had its lowest trading level at $3.5201.
Ratios:
Our goal is to gain a better understanding of INDI by taking a closer look at 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 642151744 and an Enterprise Value of 754689984. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.00 while its Price-to-Book (P/B) ratio in mrq is 1.48. Its current Enterprise Value per Revenue stands at 3.207 whereas that against EBITDA is -7.629.
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 -24.53%, while the 200-Day Moving Average is calculated to be -42.53%.
Shares Statistics:
The stock has traded on average 2.77M shares per day over the past 3-months and 2780680 shares per day over the last 10 days, according to various share statistics. 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 74.89% stake in the company. Shares short for INDI as of 1724976000 were 26555752 with a Short Ratio of 9.59, compared to 1722384000 on 25967144. Therefore, it implies a Short% of Shares Outstanding of 26555752 and a Short% of Float of 17.05.
