In yesterday’s Wall Street session, Indie Semiconductor Inc (NASDAQ:INDI) shares traded at $5.21, up 1.96% from the previous session.
INDI stock price is now -20.61% away from the 50-day moving average and -24.71% away from the 200-day moving average. The market capitalization of the company currently stands at $954.58M.
With the price target reduced from $12 to $10, Craig Hallum maintained Buy rating for Indie Semiconductor Inc (NASDAQ: INDI). On December 01, 2023, CJS Securities recently initiated its ‘Market Outperform’ rating on the stock quoting a target price of $15, while ‘B. Riley Securities’ rates the stock as ‘Buy’
In other news, Wittmann Michael, Chief Operating Officer sold 1,832 shares of the company’s stock on Apr 22 ’24. The stock was sold for $9,508 at an average price of $5.19. Upon completion of the transaction, the Chief Operating Officer now directly owns 37,860 shares in the company, valued at $0.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 21 ’24, Chief Operating Officer Wittmann Michael sold 1,580 shares of the business’s stock. A total of $10,934 was realized by selling the stock at an average price of $6.92. This leaves the insider owning 35,460 shares of the company worth $0.18 million. A total of 16.49% 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 $10.85. As of last week, the company has a debt-to-equity ratio of 0.39, a current ratio of 1.96, and a quick ratio of 1.72.
According to the Semiconductor Equipment & Materials Company, earnings per share came in at -0.1, beating analysts’ expectations of -0.11 by 0.01. This compares to -$0.12 EPS in the same period last year. The net profit margin was -52.46% and return on equity was -30.85% for INDI. The company reported revenue of $70.13 million for the quarter, compared to $33.03 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 112.35 percent. For the current quarter, analysts expect INDI to generate $56.17M in revenue.
