Stocks of Indie Semiconductor Inc (NASDAQ:INDI) traded higher last session on Wall Street, down -2.09% to $2.34.
INDI stock price is now -37.78% away from the 50-day moving average and -48.90% away from the 200-day moving average. The market capitalization of the company currently stands at $487.88M.
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With the price target of $4.50, UBS recently initiated with Neutral rating for Indie Semiconductor Inc (NASDAQ: INDI). On February 23, 2024, Craig Hallum reiterated its ‘Buy’ rating on the stock by increasing its target price from $12 to quote $10, while ‘CJS Securities’ rates the stock as ‘Market Outperform’
In other news, McClymont Donald, Chief Executive Officer sold 65,754 shares of the company’s stock on Mar 07 ’25. The stock was sold for $190,687 at an average price of $2.90. Upon completion of the transaction, the Chief Executive Officer now directly owns 246,535 shares in the company, valued at $0.58 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 07 ’25, President Aoki Ichiro sold 2,605 shares of the business’s stock. A total of $7,554 was realized by selling the stock at an average price of $2.90. This leaves the insider owning 59,465 shares of the company worth $0.14 million. A total of 10.85% of the company’s stock is owned by insiders.
During the past 12 months, Indie Semiconductor Inc has had a low of $2.35 and a high of $7.82. As of last week, the company has a debt-to-equity ratio of 0.95, a current ratio of 4.82, and a quick ratio of 4.23. The fifty day moving average price for INDI is $3.7611 and a two-hundred day moving average price translates $4.579525 for the stock.
The latest earnings results from Indie Semiconductor Inc (NASDAQ: INDI) was released for 2024-12-31. The net profit margin was -61.20% and return on equity was -30.69% for INDI. The company reported revenue of $58.01 million for the quarter, compared to $70.13 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -17.29 percent.
