In yesterday’s Wall Street session, Indie Semiconductor Inc (NASDAQ:INDI) shares traded at $4.00, up 1.52% from the previous session.
INDI stock price is now -35.64% away from the 50-day moving average and -38.81% away from the 200-day moving average. The market capitalization of the company currently stands at $744.84M.
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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, Wittmann Michael, Chief Operating Officer sold 1,729 shares of the company’s stock on Jul 03 ’24. The stock was sold for $10,599 at an average price of $6.13. Upon completion of the transaction, the Chief Operating Officer now directly owns 44,110 shares in the company, valued at $0.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 24 ’24, President Aoki Ichiro sold 50,000 shares of the business’s stock. A total of $307,000 was realized by selling the stock at an average price of $6.14. This leaves the insider owning 36,631 shares of the company worth $0.15 million. A total of 12.13% of the company’s stock is owned by insiders.
During the past 12 months, Indie Semiconductor Inc has had a low of $3.91 and a high of $8.69. As of last week, the company has a debt-to-equity ratio of 0.39, a current ratio of 2.66, and a quick ratio of 2.20. The fifty day moving average price for INDI is $6.2148 and a two-hundred day moving average price translates $6.537325 for the stock.
The latest earnings results from Indie Semiconductor Inc (NASDAQ: INDI) was released for 2024-06-30. The net profit margin was -34.65% and return on equity was -19.03% for INDI. The company reported revenue of $52.35 million for the quarter, compared to $52.11 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.47 percent. For the current quarter, analysts expect INDI to generate $53.68M in revenue.
