Indie Semiconductor Inc (NASDAQ: INDI) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Yahoo Finance discussed the stock recently as it posted Avnet and indie Semiconductor Enter Global Distribution Agreement.

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Stocks Info

Indie Semiconductor Inc is listed on the NASDAQ in the Technology sector while operating in the Semiconductor Equipment & Materials industry. The current market capitalization of Indie Semiconductor Inc is $1.30B. A total of 2.42 million shares were traded on the day, compared to an average of 2.47M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, INDI has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 35 BUYs and 36 SELLs from insiders. Insiders purchased 1,002,954 shares during that period but sold 1,463,438.

In the most recent transaction, schiller Thomas sold 60,000 shares of INDI for 7.05 per share on Jan 05. After the transaction, the CFO and EVP of Strategy now owns 1,093,562 company shares. In a previous transaction on Dec 15, schiller Thomas sold 40,000 shares at 8.10 per share. INDI shares that CFO and EVP of Strategy owns now total 1,117,815.

Among the insiders who sold shares, Bal Kanwardev Raja Singh disposed of 8,429 shares on Dec 15 at a per-share price of $8.13. This resulted in the SVP Chief Accounting Officer holding 0 shares of INDI after the transaction. In another insider transaction, Bal Kanwardev Raja Singh sold 44,718 shares at $8.01 per share on Dec 14. Company shares held by the SVP Chief Accounting Officer now total 8,429.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for INDI in the last 3 months, the mean price target is $13.36 with high estimates of $17.00 and low estimates of $10.00. In terms of 52-week highs and lows, INDI has a high of $11.12 and a low of $4.67.

As of this writing, INDI has an earnings estimate of -$0.01 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0 per share and a lower estimate of -$0.01. The company reported an EPS of -$0.1 in the last quarter, which was -11.10% lower than expectations of -$0.09.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. INDI’s latest balance sheet shows that the firm has $219.08M in Cash & Short Term Investments as of fiscal 2021. There were $7.89M in debt and $33.72M in liabilities at the time. Its Book Value Per Share was $2.40, while its Total Shareholder’s Equity was $291.86M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for INDI is Buy with a score of 5.00.

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