In the past week, INDI stock has gone up by 38.46%, with a monthly gain of 28.81% and a quarterly plunge of -1.58%. The volatility ratio for the week is 8.01%, and the volatility levels for the last 30 days are 6.21% for Indie Semiconductor Inc The simple moving average for the past 20 days is 28.81% for INDI’s stock, with a -16.57% simple moving average for the past 200 days.
Is It Worth Investing in Indie Semiconductor Inc (NASDAQ: INDI) Right Now?
, and the 36-month beta value for INDI is at 1.05. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for INDI is 130.00M, and currently, shorts hold a 12.45% of that float. The average trading volume for INDI on November 17, 2023 was 2.59M shares.
INDI) stock’s latest price update
The stock price of Indie Semiconductor Inc (NASDAQ: INDI) has plunged by -0.15 when compared to previous closing price of 6.85, but the company has seen a 38.46% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2023-11-09 that indie Semiconductor, Inc. (NASDAQ:INDI ) Q3 2023 Earnings Conference Call November 9, 2023 5:00 PM ET Company Participants Ashish Gupta – Investor Relations Don McClymont – Co-Founder and Chief Executive Officer Tom Schiller – CFO and EVP of Strategy Conference Call Participants Suji DeSilva – ROTH MKM Ross Seymore – Deutsche Bank Anthony Stoss – Craig-Hallum Capital Group Craig Ellis – B. Riley Securities Cody Acree – The Benchmark Company Operator Good afternoon and welcome to indie Semiconductor’s Third Quarter of 2023 Earnings Call.
Analysts’ Opinion of INDI
Many brokerage firms have already submitted their reports for INDI stocks, with B. Riley Securities repeating the rating for INDI by listing it as a “Buy.” The predicted price for INDI in the upcoming period, according to B. Riley Securities is $13 based on the research report published on February 14, 2023 of the current year 2023.
INDI Trading at 18.46% from the 50-Day Moving Average
After a stumble in the market that brought INDI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -38.49% of loss for the given period.
Volatility was left at 6.21%, however, over the last 30 days, the volatility rate increased by 8.01%, as shares surge +31.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.33% upper at present.
During the last 5 trading sessions, INDI rose by +38.46%, which changed the moving average for the period of 200-days by -14.07% in comparison to the 20-day moving average, which settled at $5.39. In addition, Indie Semiconductor Inc saw 17.32% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at INDI starting from Parekh Sonalee Elizabeth, who sale 10,700 shares at the price of $6.50 back on Sep 13. After this action, Parekh Sonalee Elizabeth now owns 50,522 shares of Indie Semiconductor Inc, valued at $69,550 using the latest closing price.
schiller Thomas, the CFO and EVP of Strategy of Indie Semiconductor Inc, sale 40,000 shares at $8.77 during a trade that took place back on Aug 02, which means that schiller Thomas is holding 1,151,280 shares at $350,800 based on the most recent closing price.
Stock Fundamentals for INDI
Current profitability levels for the company are sitting at:
- -107.52 for the present operating margin
- +45.40 for the gross margin
The net margin for Indie Semiconductor Inc stands at -39.17. The total capital return value is set at -29.87, while invested capital returns managed to touch -10.89. Equity return is now at value -34.20, with -19.54 for asset returns.
Based on Indie Semiconductor Inc (INDI), the company’s capital structure generated 58.65 points at debt to equity in total, while total debt to capital is 36.97. Total debt to assets is 30.33, with long-term debt to equity ratio resting at 53.01. Finally, the long-term debt to capital ratio is 33.41.
When we switch over and look at the enterprise to sales, we see a ratio of 5.60, with the company’s debt to enterprise value settled at 0.33. The receivables turnover for the company is 5.00 and the total asset turnover is 0.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.85.
In conclusion, Indie Semiconductor Inc (INDI) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.