Trading Day Triumph: Indie Semiconductor Inc (INDI) Ends at 6.38, a 3.32 Surge/Plunge

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Indie Semiconductor Inc (NASDAQ: INDI) closed the day trading at $6.38 up 3.32% from the previous closing price of $6.18. In other words, the price has increased by $3.32 from its previous closing price. On the day, 6.45 million shares were traded. INDI stock price reached its highest trading level at $6.4 during the session, while it also had its lowest trading level at $6.07.

Ratios:

For a better understanding of INDI, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.49 and its Current Ratio is at 1.74. In the meantime, Its Debt-to-Equity ratio is 0.43 whereas as Long-Term Debt/Eq ratio is at 0.39.

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 Jun 21 ’24 when Aoki Ichiro sold 75,000 shares for $6.24 per share. The transaction valued at 468,000 led to the insider holds 36,631 shares of the business.

Wittmann Michael sold 1,622 shares of INDI for $10,056 on Jun 21 ’24. The Chief Operating Officer now owns 37,860 shares after completing the transaction at $6.20 per share. On Jun 20 ’24, another insider, Aoki Ichiro, who serves as the President of the company, sold 75,000 shares for $6.26 each. As a result, the insider received 469,500 and left with 36,631 shares of the company.

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 1072911872 and an Enterprise Value of 1147510144. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.07 while its Price-to-Book (P/B) ratio in mrq is 2.72. Its current Enterprise Value per Revenue stands at 4.882 whereas that against EBITDA is -11.33.

Stock Price History:

Over the past 52 weeks, INDI has reached a high of $9.85, while it has fallen to a 52-week low of $4.67. The 50-Day Moving Average of the stock is 0.90%, while the 200-Day Moving Average is calculated to be -2.67%.

Shares Statistics:

Over the past 3-months, INDI traded about 3.13M shares per day on average, while over the past 10 days, INDI traded about 2661580 shares per day. A total of 163.19M shares are outstanding, with a floating share count of 156.50M. Insiders hold about 16.20% of the company’s shares, while institutions hold 74.58% stake in the company. Shares short for INDI as of 1715731200 were 25568809 with a Short Ratio of 7.97, compared to 1713139200 on 25599010. Therefore, it implies a Short% of Shares Outstanding of 25568809 and a Short% of Float of 17.69.

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