Indie Semiconductor Inc (INDI) concluded trading on Thursady at a closing price of $6.89, with 4.26 million shares of worth about $29.32 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 5.35% during that period and on Thursady the price saw a loss of about -2.41%. Currently the company’s common shares owned by public are about 180.30M shares, out of which, 137.83M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 66 times over the past 12 months. They bought 902,954 shares in 34 of the transactions. In 32 selling transactions, insiders dumped 1,163,438 shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
However, the stock later moved at a day high price of 7.38, or with a loss of -2.41%. Stock saw a price change of -6.51% in past 5 days and over the past one month there was a price change of -4.83%. Year-to-date (YTD), INDI shares are showing a performance of -15.04% which decreased to -31.17% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.67 but also hit the highest price of $11.12 during that period. The average intraday trading volume for Indie Semiconductor Inc shares is 2.12 million. The stock is currently trading 0.99% above its 20-day simple moving average (SMA20), while that difference is down -5.90% for SMA50 and it goes to -8.22% lower than SMA200.
Indie Semiconductor Inc (NASDAQ: INDI) currently have 180.30M outstanding shares and institutions hold larger chunk of about 69.21% of that.
The stock has a current market capitalization of $1.24B and its 3Y-monthly beta is at 1.16. It has posted earnings per share of -$0.91 in the same period. It has Quick Ratio of 1.55 while making debt-to-equity ratio of 0.42. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for INDI, volatility over the week remained 4.32% while standing at 5.44% over the month.
Analysts are in expectations that Indie Semiconductor Inc (INDI) stock would likely to be making an EPS of -$0.01 in the current quarter, while forecast for next quarter EPS is $0 and it is $0.08 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.01 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.11 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 123.23% while it is estimated to increase by 482.93% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by CJS Securities on December 01, 2023 offering a Market outperform rating for the stock and assigned a target price of $15 to it. Coverage by B. Riley Securities stated Indie Semiconductor Inc (INDI) stock as a Buy in their note to investors on February 14, 2023, suggesting a price target of $13 for the stock. On June 15, 2022, B. Riley Securities Downgrade their recommendations, while on May 13, 2022, The Benchmark Company Resumed their ratings for the stock with a price target of $17. Stock get an Overweight rating from KeyBanc Capital Markets on October 20, 2021.
