On Monday, Indie Semiconductor Inc (NASDAQ: INDI) opened higher 0.57% from the last session, before settling in for the closing price of $3.48. Price fluctuations for INDI have ranged from $3.16 to $8.69 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 86.10% annually for the last half of the decade. Company’s average yearly earnings per share was noted -38.12% at the time writing. With a float of $174.81 million, this company’s outstanding shares have now reached $197.42 million.
In an organization with 900 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 44.0%, operating margin of -58.0%, and the pretax margin is -38.15%.
Indie Semiconductor Inc (INDI) Insider Updates
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 11.45%, while institutional ownership is 75.78%. The most recent insider transaction that took place on Sep 03 ’24, was worth 13,665. In this transaction Chief Operating Officer of this company sold 3,531 shares at a rate of $3.87, taking the stock ownership to the 47,235 shares. Before that another transaction happened on Sep 03 ’24, when Company’s CFO and EVP of Strategy sold 75,000 for $3.83, making the entire transaction worth $287,250. This insider now owns 977,192 shares in total.
Indie Semiconductor Inc (INDI) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 6/30/2024, 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 -0.07 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -38.12% 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 2.20. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.94.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.51, a number that is poised to hit -0.09 in the next quarter and is forecasted to reach -0.01 in one year’s time.
Technical Analysis of Indie Semiconductor Inc (INDI)
Let’s dig in a bit further. During the last 5-days, its volume was 2.19 million. That was inferior than the volume of 2.7 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 27.14%. Additionally, its Average True Range was 0.19.
During the past 100 days, Indie Semiconductor Inc’s (INDI) raw stochastic average was set at 7.33%, which indicates a significant decrease from 28.57% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.16% in the past 14 days, which was lower than the 64.19% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.77, while its 200-day Moving Average is $5.69. However, in the short run, Indie Semiconductor Inc’s stock first resistance to watch stands at $3.58. Second resistance stands at $3.66. The third major resistance level sits at $3.72. If the price goes on to break the first support level at $3.44, it is likely to go to the next support level at $3.38. Assuming the price breaks the second support level, the third support level stands at $3.30.
Indie Semiconductor Inc (NASDAQ: INDI) Key Stats
There are currently 186,763K shares outstanding in the company with a market cap of 690.97 million. Presently, the company’s annual sales total 223,170 K according to its annual income of -117,630 K. Last quarter, the company’s sales amounted to 52,360 K and its income totaled -19,160 K.
