The stock of Indie Semiconductor Inc (NASDAQ:INDI) last traded at $4.73, down -0.42% from the previous session.
INDI stock price is now 26.13% away from the 50-day moving average and -14.36% away from the 200-day moving average. The market capitalization of the company currently stands at $955.06M.
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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, DONALD KENNETH MCCLYMONT, Officer bought 200,000 shares of the company’s stock on Nov 12 ’24. The stock was bought for $942,555 at an average price of $4.71. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 03 ’24, Chief Operating Officer Wittmann Michael sold 3,531 shares of the business’s stock. A total of $13,665 was realized by selling the stock at an average price of $3.87. This leaves the insider owning 47,235 shares of the company worth $0.22 million. A total of 11.45% of the company’s stock is owned by insiders.
During the past 12 months, Indie Semiconductor Inc has had a low of $3.16 and a high of $8.69. As of last week, the company has a debt-to-equity ratio of 0.43, a current ratio of 2.39, and a quick ratio of 1.87. The fifty day moving average price for INDI is $3.7333 and a two-hundred day moving average price translates $5.531475 for the stock.
The latest earnings results from Indie Semiconductor Inc (NASDAQ: INDI) was released for 2024-09-30. The net profit margin was -49.88% and return on equity was -26.17% for INDI. The company reported revenue of $53.97 million for the quarter, compared to $60.48 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.77 percent.
