The stock of Indie Semiconductor Inc (INDI) has gone down by -9.23% for the week, with a 4.36% rise in the past month and a 21.79% rise in the past quarter. The volatility ratio for the week is 6.07%, and the volatility levels for the past 30 days are 5.04% for INDI. The simple moving average for the last 20 days is -1.51% for INDI stock, with a simple moving average of -3.20% for the last 200 days.
Is It Worth Investing in Indie Semiconductor Inc (NASDAQ: INDI) Right Now?
The 36-month beta value for INDI is also noteworthy at 1.22. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for INDI is 156.49M, and at present, short sellers hold a 16.39% of that float. The average trading volume of INDI on July 24, 2024 was 2.81M shares.
INDI) stock’s latest price update
Indie Semiconductor Inc (NASDAQ: INDI)’s stock price has decreased by -1.32 compared to its previous closing price of 6.43. However, the company has seen a -9.23% decrease in its stock price over the last five trading sessions. investorplace.com reported 2024-07-11 that To use a sports analogy, innovative small-cap stocks are akin to drafting college football players or picking out compelling prospects in baseball. While these players may have performed exceptionally well in the amateur leagues, there’s no guarantee that said performance will translate into the top tier of competition.
Analysts’ Opinion of INDI
Many brokerage firms have already submitted their reports for INDI stocks, with Craig Hallum repeating the rating for INDI by listing it as a “Buy.” The predicted price for INDI in the upcoming period, according to Craig Hallum is $10 based on the research report published on February 23, 2024 of the current year 2024.
CJS Securities, on the other hand, stated in their research note that they expect to see INDI reach a price target of $15. The rating they have provided for INDI stocks is “Market Outperform” according to the report published on December 01st, 2023.
B. Riley Securities gave a rating of “Buy” to INDI, setting the target price at $13 in the report published on February 14th of the previous year.
INDI Trading at -3.90% 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 -33.28% of loss for the given period.
Volatility was left at 5.04%, however, over the last 30 days, the volatility rate increased by 6.07%, as shares surge +5.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.28% upper at present.
During the last 5 trading sessions, INDI fell by -8.30%, which changed the moving average for the period of 200-days by +14.67% in comparison to the 20-day moving average, which settled at $6.46. In addition, Indie Semiconductor Inc saw -21.76% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at INDI starting from Wittmann Michael, who sale 1,729 shares at the price of $6.13 back on Jul 03 ’24. After this action, Wittmann Michael now owns 44,110 shares of Indie Semiconductor Inc, valued at $10,599 using the latest closing price.
Aoki Ichiro, the President of Indie Semiconductor Inc, sale 50,000 shares at $6.14 during a trade that took place back on Jun 24 ’24, which means that Aoki Ichiro is holding 36,631 shares at $307,000 based on the most recent closing price.
Stock Fundamentals for INDI
Current profitability levels for the company are sitting at:
- -0.6 for the present operating margin
- 0.43 for the gross margin
The net margin for Indie Semiconductor Inc stands at -0.32. The total capital return value is set at -0.22. Equity return is now at value -19.00, with -9.46 for asset returns.
Based on Indie Semiconductor Inc (INDI), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at -0.47. The debt to equity ratio resting at 0.4. The interest coverage ratio of the stock is -16.85.
Currently, EBITDA for the company is -97.03 million with net debt to EBITDA at -0.3. When we switch over and look at the enterprise to sales, we see a ratio of 4.61. The receivables turnover for the company is 3.67for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.74.
Conclusion
In summary, Indie Semiconductor Inc (INDI) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as 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.
