Indie Semiconductor Inc (INDI) recent activity suggests a positive outlook with the last week’s performance of 23.39%

On Friday, Indie Semiconductor Inc (NASDAQ: INDI) opened higher 7.49% from the last session, before settling in for the closing price of $13.36. Price fluctuations for INDI have ranged from $4.67 to $11.12 over the past 52 weeks.

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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 80.99%. Company’s average yearly earnings per share was noted 33.09% at the time writing. With a float of $137.83 million, this company’s outstanding shares have now reached $180.30 million.

Indie Semiconductor Inc (INDI) Insider and Institutional Ownership

A key investor’s attitude towards the stock of the Semiconductor Equipment & Materials industry is another important factor to consider. The insider ownership of Indie Semiconductor Inc is 23.55%, while institutional ownership is 61.96%. The most recent insider transaction that took place on Jan 05, was worth 423,000. In this transaction CFO and EVP of Strategy of this company sold 60,000 shares at a rate of $7.05, taking the stock ownership to the 1,093,562 shares. Before that another transaction happened on Dec 15, when Company’s CFO and EVP of Strategy sold 40,000 for $8.10, making the entire transaction worth $324,000. This insider now owns 1,117,815 shares in total.

Indie Semiconductor Inc (INDI) Latest Financial update

If we go through the results of last quarter, which was made public on 9/29/2023, the company posted -$0.08 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -$0.08) by $0. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 33.09% per share during the next fiscal year.

Indie Semiconductor Inc (NASDAQ: INDI) Trading Performance Indicators

Check out the current performance indicators for Indie Semiconductor Inc (INDI). In the past quarter, the stock posted a quick ratio of 1.55. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.26.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.91, a number that is poised to hit -0.01 in the next quarter and is forecasted to reach 0.08 in one year’s time.

Technical Analysis of Indie Semiconductor Inc (INDI)

The latest stats from [Indie Semiconductor Inc, INDI] show that its last 5-days average volume of 1.74 million was inferior to 2.04 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 84.87%. Additionally, its Average True Range was 0.39.

During the past 100 days, Indie Semiconductor Inc’s (INDI) raw stochastic average was set at 70.15%, which indicates a significant decrease from 98.15% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 69.23% in the past 14 days, which was lower than the 69.76% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $7.35, while its 200-day Moving Average is $7.52. Now, the first resistance to watch is $7.59. This is followed by the second major resistance level at $7.70. The third major resistance level sits at $7.87. If the price goes on to break the first support level at $7.31, it is likely to go to the next support level at $7.14. The third support level lies at $7.03 if the price breaches the second support level.

Indie Semiconductor Inc (NASDAQ: INDI) Key Stats

There are currently 180,298K shares outstanding in the company with a market cap of 1.35 billion. Presently, the company’s annual sales total 110,800 K according to its annual income of -43,400 K. Last quarter, the company’s sales amounted to 60,480 K and its income totaled -17,100 K.