Recent Performance of Indie Semiconductor Inc (INDI) Stock: A Closer Look

At the time of writing, Indie Semiconductor Inc [INDI] stock is trading at $7.11, up 5.02%. An important factor to consider is whether the stock is rising or falling in short-term value. The INDI shares have gain 11.27% over the last week, with a monthly amount glided 4.41%, and seem to be holding up well over a long-time horizon.

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On 20, March 2024, indie Semiconductor Announces Strategic Investment in AI Processor Leader Expedera. In a post published today on Yahoo Finance, Partnership Capitalizes on Expedera’s Breakthrough AI Capabilities in Support of indie’s ADAS Portfolio.

From an analyst’s perspective:

Indie Semiconductor Inc [NASDAQ: INDI] stock has seen the most recent analyst activity on February 23, 2024, when Craig Hallum reiterated its Buy rating and also revised its price target to $10 from $12. Previously, CJS Securities started tracking the stock with Market Outperform rating on December 01, 2023, and set its price target to $15. On February 14, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $13 on the stock. B. Riley Securities downgraded its rating to a Neutral and decreased its price target to $8 on June 15, 2022. KeyBanc Capital Markets started tracking with a Overweight rating for this stock on October 20, 2021, and assigned it a price target of $18. In a note dated August 24, 2021, B. Riley Securities initiated an Buy rating and provided a target price of $18 on this stock.

For the past year, the stock price of Indie Semiconductor Inc fluctuated between $4.67 and $10.85. Currently, Wall Street analysts expect the stock to reach $13 within the next 12 months. Indie Semiconductor Inc [NASDAQ: INDI] shares were valued at $7.11 at the most recent close of the market. An investor can expect a potential return of 82.84% based on the average INDI price forecast.

Analyzing the INDI fundamentals

According to Indie Semiconductor Inc [NASDAQ:INDI], the company’s sales were 223.17M for trailing twelve months, which represents an 112.35% jump. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at -0.58%, Pretax Profit Margin comes in at -0.59%, and Net Profit Margin reading is -0.57%. To continue investigating profitability, this company’s Return on Assets is posted at -0.15, Equity is -0.31 and Total Capital is -0.19. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.37.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 6.95 points at the first support level, and at 6.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.20, and for the 2nd resistance point, it is at 7.30.

Indie Semiconductor Inc [INDI] reported earnings per share of -$0.01 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.01/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.08 per share as compared to estimates of -$0.08 per share, a difference of $0 representing a surprise of 0.00%.

Ratios To Look Out For

It is important to note that Indie Semiconductor Inc [NASDAQ:INDI] has a current ratio of 1.96. On the other hand, the Quick Ratio is 1.72, and the Cash Ratio is 1.09. Considering the valuation of this stock, the price to sales ratio is 5.84, the price to book ratio is 2.90.

Transactions by insiders

Recent insider trading involved Wittmann Michael, Chief Operating Officer, that happened on Mar 21 ’24 when 1580.0 shares were sold. Chief Operating Officer, Wittmann Michael completed a deal on Mar 11 ’24 to sell 8700.0 shares. Meanwhile, President Aoki Ichiro sold 50000.0 shares on Mar 04 ’24.

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