At the time of writing, Indie Semiconductor Inc [INDI] stock is trading at $3.71, up 6.00%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The INDI shares have gain 4.80% over the last week, with a monthly amount drifted -7.02%, and not seem to be holding up well over a long-time horizon.
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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 $3.16 and $8.69. Currently, Wall Street analysts expect the stock to reach $9 within the next 12 months. Indie Semiconductor Inc [NASDAQ: INDI] shares were valued at $3.71 at the most recent close of the market. An investor can expect a potential return of 142.59% based on the average INDI price forecast.
Analyzing the INDI fundamentals
According to Indie Semiconductor Inc [NASDAQ:INDI], the company’s sales were 235.32M for trailing twelve months, which represents an 0.47% jump. Gross Profit Margin for this corporation currently stands at 0.44% with Operating Profit Margin at -0.58%, Pretax Profit Margin comes in at -0.38%, and Net Profit Margin reading is -0.35%. To continue investigating profitability, this company’s Return on Assets is posted at -0.1, Equity is -0.18 and Total Capital is -0.19. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.37.
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 3.56 points at the first support level, and at 3.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.79, and for the 2nd resistance point, it is at 3.87.
Ratios To Look Out For
It is important to note that Indie Semiconductor Inc [NASDAQ:INDI] has a current ratio of 2.66. As well, the Quick Ratio is 2.20, while the Cash Ratio is 1.32. Considering the valuation of this stock, the price to sales ratio is 3.11, the price to book ratio is 1.53.
Transactions by insiders
Recent insider trading involved Wittmann Michael, Chief Operating Officer, that happened on Sep 03 ’24 when 3531.0 shares were sold. CFO and EVP of Strategy, schiller Thomas completed a deal on Sep 03 ’24 to sell 75000.0 shares. Meanwhile, Officer THOMAS SCHILLER bought 75000.0 shares on Sep 03 ’24.
