The stock of Indie Semiconductor Inc (INDI) has gone down by -21.29% for the week, with a 21.78% rise in the past month and a 9.12% rise in the past quarter. The volatility ratio for the week is 7.36%, and the volatility levels for the past 30 days are 8.78% for INDI. The simple moving average for the past 20 days is -7.97% for INDI’s stock, with a -21.14% simple moving average for the past 200 days.
Is It Worth Investing in Indie Semiconductor Inc (NASDAQ: INDI) Right Now?
Company’s 36-month beta value is 1.36.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for INDI is 179.20M, and currently, short sellers hold a 14.95% ratio of that floaft. The average trading volume of INDI on December 03, 2024 was 3.24M shares.
INDI) stock’s latest price update
Indie Semiconductor Inc (NASDAQ: INDI) has experienced a decline in its stock price by -19.51 compared to its previous closing price of 5.28. However, the company has seen a fall of -21.29% in its stock price over the last five trading days. businesswire.com reported 2024-12-02 that ALISO VIEJO, Calif.–(BUSINESS WIRE)–indie Semiconductor, Inc. (“indie” or “we”) (NASDAQ: INDI), an automotive solutions innovator, today announced that it plans to offer, subject to market and other conditions, $175 million aggregate principal amount of its Convertible Senior Notes due 2029 (the “notes”) through a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). in.
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 4.97% 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 -51.09% of loss for the given period.
Volatility was left at 8.78%, however, over the last 30 days, the volatility rate increased by 7.36%, as shares surge +26.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.13% upper at present.
During the last 5 trading sessions, INDI fell by -21.02%, which changed the moving average for the period of 200-days by -42.05% in comparison to the 20-day moving average, which settled at $4.62. In addition, Indie Semiconductor Inc saw -47.59% 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 McClymont Donald, who sale 3,081 shares at the price of $5.50 back on Nov 26 ’24. After this action, McClymont Donald now owns 18,351 shares of Indie Semiconductor Inc, valued at $16,946 using the latest closing price.
DONALD MCCLYMONT, the Director of Indie Semiconductor Inc, proposed sale 100,000 shares at $5.40 during a trade that took place back on Nov 26 ’24, which means that DONALD MCCLYMONT is holding shares at $540,000 based on the most recent closing price.
Stock Fundamentals for INDI
Current profitability levels for the company are sitting at:
- -0.66 for the present operating margin
- 0.43 for the gross margin
The net margin for Indie Semiconductor Inc stands at -0.5. The total capital return value is set at -0.22. Equity return is now at value -26.17, with -14.12 for asset returns.
Based on Indie Semiconductor Inc (INDI), the company’s capital structure generated 0.28 points at debt to capital in total, while cash flow to debt ratio is standing at -0.32. The debt to equity ratio resting at 0.39. The interest coverage ratio of the stock is -18.13.
Currently, EBITDA for the company is -90.13 million with net debt to EBITDA at -1.11. When we switch over and look at the enterprise to sales, we see a ratio of 3.87. The receivables turnover for the company is 4.07for 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 2.39.
Conclusion
In a nutshell, Indie Semiconductor Inc (INDI) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
