Indie Semiconductor Inc (NASDAQ:INDI) shares traded -0.52% lower at $5.76 on Wall Street last session.
INDI stock price is now -7.88% away from the 50-day moving average and -13.82% away from the 200-day moving average. The market capitalization of the company currently stands at $1.07B.
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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, schiller Thomas, CFO and EVP of Strategy sold 60,000 shares of the company’s stock on May 02 ’24. The stock was sold for $340,800 at an average price of $5.68. Upon completion of the transaction, the CFO and EVP of Strategy now directly owns 1,039,583 shares in the company, valued at $5.99 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 22 ’24, Chief Operating Officer Wittmann Michael sold 1,832 shares of the business’s stock. A total of $9,508 was realized by selling the stock at an average price of $5.19. This leaves the insider owning 37,860 shares of the company worth $0.22 million. A total of 16.35% 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 0.43, a current ratio of 1.74, and a quick ratio of 1.49.
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 -32.12% and return on equity was -19.00% 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.
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