The stock price of Indie Semiconductor Inc (NASDAQ: INDI) has plunged by -2.82 when compared to previous closing price of 3.37, but the company has seen a -11.73% decline in its stock price over the last five trading sessions. businesswire.com reported 2024-10-15 that ALISO VIEJO, Calif.–(BUSINESS WIRE)–indie Semiconductor (Nasdaq: INDI), an automotive solutions innovator, announces that its latest generation iND880 camera video processor system-on-chip (SoC) family continues to secure significant design-win momentum with global original equipment manufacturers (OEMs), and has now been recognized as “Auto Sensor Innovation of the Year” by AutoTech Breakthrough Awards. Introduced earlier this year, the iND880 SoC family redefines vision-based Advanced Drive.
Is It Worth Investing in Indie Semiconductor Inc (NASDAQ: INDI) Right Now?
The 36-month beta value for INDI is also noteworthy at 1.21. There are mixed opinions on the stock, with 8 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 174.81M, and at present, short sellers hold a 16.41% of that float. The average trading volume of INDI on November 05, 2024 was 2.64M shares.
INDI’s Market Performance
The stock of Indie Semiconductor Inc (INDI) has seen a -11.73% decrease in the past week, with a -14.49% drop in the past month, and a -29.72% fall in the past quarter. The volatility ratio for the week is 6.90%, and the volatility levels for the past 30 days are at 4.95% for INDI. The simple moving average for the past 20 days is -7.35% for INDI’s stock, with a -41.42% simple moving average for the past 200 days.
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 -11.23% 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 -62.31% of loss for the given period.
Volatility was left at 4.95%, however, over the last 30 days, the volatility rate increased by 6.90%, as shares sank -11.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.80% lower at present.
During the last 5 trading sessions, INDI fell by -11.05%, which changed the moving average for the period of 200-days by -53.78% in comparison to the 20-day moving average, which settled at $3.54. In addition, Indie Semiconductor Inc saw -59.62% 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 3,531 shares at the price of $3.87 back on Sep 03 ’24. After this action, Wittmann Michael now owns 47,235 shares of Indie Semiconductor Inc, valued at $13,665 using the latest closing price.
schiller Thomas, the CFO and EVP of Strategy of Indie Semiconductor Inc, sale 75,000 shares at $3.83 during a trade that took place back on Sep 03 ’24, which means that schiller Thomas is holding 977,192 shares at $287,250 based on the most recent closing price.
Stock Fundamentals for INDI
Current profitability levels for the company are sitting at:
- -0.58 for the present operating margin
- 0.44 for the gross margin
The net margin for Indie Semiconductor Inc stands at -0.35. The total capital return value is set at -0.19. Equity return is now at value -19.03, with -10.33 for asset returns.
Based on Indie Semiconductor Inc (INDI), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at -0.35. The debt to equity ratio resting at 0.37. The interest coverage ratio of the stock is -16.35.
Currently, EBITDA for the company is -97.03 million with net debt to EBITDA at -0.57. When we switch over and look at the enterprise to sales, we see a ratio of 2.75. The receivables turnover for the company is 3.56for trailing twelve months and the total asset turnover is 0.3. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.66.
Conclusion
In summary, Indie Semiconductor Inc (INDI) has had a bad performance as of late. Analysts have bullish 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.
