Is Indie Semiconductor Inc (NASDAQ: INDI) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Yahoo Finance discussed the stock recently as it posted indie Semiconductor Announces New Employee Inducement Grants.

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Stocks Info

This NASDAQ-listed company operates within the Semiconductor Equipment & Materials industry segment, falling under the Technology sector. The current market capitalization of Indie Semiconductor Inc is $1.29B. A total of 1.92 million shares were traded on the day, compared to an average of 2.48M shares.

In the most recent transaction, Aoki Ichiro sold 50,000 shares of INDI for 6.77 per share on Mar 04 ’24. After the transaction, the President now owns 31,208 company shares. In a previous transaction on Feb 27 ’24, McClymont Donald sold 50,000 shares at 6.25 per share. INDI shares that Chief Executive Officer owns now total 76,750.

Among the insiders who sold shares, Wittmann Michael disposed of 1,211 shares on Feb 21 ’24 at a per-share price of $7.05. This resulted in the Chief Operating Officer holding 30,270 shares of INDI after the transaction. In another insider transaction, schiller Thomas sold 60,000 shares at $7.05 per share on Jan 05 ’24. Company shares held by the CFO and EVP of Strategy now total 1,093,562.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, INDI has a high of $11.04 and a low of $4.67.

As of this writing, INDI has an earnings estimate of -$0.08 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of -$0.08 per share and a lower estimate of -$0.09.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $2.45, while its Total Shareholder’s Equity was $291.86M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. 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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