Currently, Indie Semiconductor Inc [INDI] is trading at $4.65, up 2.20%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The INDI shares have gain 4.26% over the last week, with a monthly amount glided 35.17%, and 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.
This stock has fluctuated between a low of $3.16 and a high of $8.69 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $9 within the next 12 months. Indie Semiconductor Inc [NASDAQ: INDI] shares were valued at $4.65 at the most recent close of the market. An investor can expect a potential return of 93.55% based on the average INDI price forecast.
Analyzing the INDI fundamentals
Trailing Twelve Months sales for Indie Semiconductor Inc [NASDAQ:INDI] were 228.81M which represents -10.77% decline. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at -0.66%, Pretax Profit Margin comes in at -0.55%, and Net Profit Margin reading is -0.5%. To continue investigating profitability, this company’s Return on Assets is posted at -0.14, Equity is -0.25 and Total Capital is -0.22. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.42.
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 4.46 points at the first support level, and at 4.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.79, and for the 2nd resistance point, it is at 4.92.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Indie Semiconductor Inc [NASDAQ:INDI] is 2.39. Also, the Quick Ratio is 1.87, while the Cash Ratio stands at 0.96. Considering the valuation of this stock, the price to sales ratio is 4.10, the price to book ratio is 2.02.
Transactions by insiders
Recent insider trading involved McClymont Donald, Chief Executive Officer, that happened on Nov 12 ’24 when 0.2 million shares were sold. Officer, DONALD KENNETH MCCLYMONT completed a deal on Nov 12 ’24 to buy 0.2 million shares. Meanwhile, Chief Operating Officer Wittmann Michael sold 3531.0 shares on Sep 03 ’24.
