A Stock With Stellar Fundamentals? Indie Semiconductor Inc (NASDAQ:INDI): Is It Right For You?

Stocks of Indie Semiconductor Inc (NASDAQ:INDI) traded higher last session on Wall Street, down -2.37% to $4.94.

According to the data, Indie Semiconductor Inc (NASDAQ:INDI) has 6 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $17.00 and a low of $12.00, we find $13.50. Given the previous closing price of $5.06, this indicates a potential upside of 166.8 percent. INDI stock price is now -15.76% away from the 50-day moving average and -40.07% away from the 200-day moving average. The market capitalization of the company currently stands at $851.56M.

A total of 0 analysts have issued a hold rating and 6 have given it a buy rating. Brokers who have rated the stock have averaged $13.92 as their price target over the next twelve months.

With the price target enhanced from $10 to $13, B. Riley Securities Upgraded its rating from Neutral to Buy for Indie Semiconductor Inc (NASDAQ: INDI).

In other news, Parekh Sonalee Elizabeth, Director sold 10,700 shares of the company’s stock on Sep 13. The stock was sold for $69,550 at an average price of $6.50. Upon completion of the transaction, the Director now directly owns 50,522 shares in the company, valued at $0.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 02, CFO and EVP of Strategy schiller Thomas sold 40,000 shares of the business’s stock. A total of $350,800 was realized by selling the stock at an average price of $8.77. This leaves the insider owning 1,151,280 shares of the company worth $5.69 million. Insiders disposed of 2,036,091 shares of company stock worth roughly $10.06 million over the past 1 year. A total of 24.61% of the company’s stock is owned by insiders.

During the past 12 months, Indie Semiconductor Inc has had a low of $4.67 and a high of $11.12. As of last week, the company has a debt-to-equity ratio of 0.45, a current ratio of 2.68, and a quick ratio of 2.29. The fifty day moving average price for INDI is $5.8643 and a two-hundred day moving average price translates $8.2434 for the stock.

The latest earnings results from Indie Semiconductor Inc (NASDAQ: INDI) was released for Jun, 2023. According to the Semiconductor Equipment & Materials Company, earnings per share came in at -$0.1, missing analysts’ expectations of -$0.09 by -0.01. This compares to -$0.05 EPS in the same period last year. The net profit margin was -91.08% and return on equity was -39.82% for INDI. The company reported revenue of $52.11 million for the quarter, compared to $25.75 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 102.32 percent. For the current quarter, analysts expect INDI to generate $60.02M in revenue.

Indie Semiconductor Inc(INDI) Company Profile

indie Semiconductor, Inc. provides automotive semiconductors and software solutions for advanced driver assistance systems, autonomous vehicle, in-cabin, connected car, and electrification applications in the United States, South America, rest of North America, Greater China, rest of Asia Pacific, and Europe. It offers ultrasonic sensors for parking assist and systems; radar sensors for audio assistance and reverse information; front cameras for vehicle detection, collision avoidance, and sign reading; and side/inside cameras for blind spot and lane change assist, and driver behavior monitoring. The company also provides LiDAR for distance, speed, and obstacle detection, collision avoidance, and emergency brake system; and long range RADAR for audio assistance, obstacle detection, and ACC stop and go. In addition, it designs and manufactures photonic components on various technology platforms, including fiber Bragg gratings, low-noise lasers, athermal and tunable packaging, photonic integration, and low-noise and high-speed electronics. The company was founded in 2007 and is headquartered in Aliso Viejo, California.

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