For indie Semiconductor Inc. [INDI], Analyst sees a drop to $8. What next?

indie Semiconductor Inc. [NASDAQ: INDI] surged by $0.52 during the normal trading session on Thursday and reaching a high of $8.19 during the day while it closed the day at $8.19. The company report on August 23, 2022 that indie Semiconductor to Participate at Upcoming Investor Conferences.

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indie Semiconductor (Nasdaq: INDI), an Autotech solutions innovator, today announced that Donald McClymont, co-founder and chief executive officer, and Thomas Schiller, chief financial officer and executive vice president of strategy, will be participating at the following investor conferences and events:.

Jefferies Semiconductors, IT Hardware & Communications Infrastructure SummitDate: Tuesday, August 30, 2022Location: Sofitel Magnificent Mile Hotel in Chicago, ILManagement will be available to meet in-person with registered attendees throughout the day.

indie Semiconductor Inc. stock has also gained 4.87% of its value over the past 7 days. However, INDI stock has inclined by 20.80% in the 3 months of the year. Over the past six months meanwhile, it has gained 2.37% and lost -31.69% year-on date.

The market cap for INDI stock reached $1.23 billion, with 116.98 million shares outstanding and 74.24 million shares in the current float. Compared to the average trading volume of 1.31M shares, INDI reached a trading volume of 2045817 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about indie Semiconductor Inc. [INDI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for INDI shares is $14.17 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on INDI stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

B. Riley Securities have made an estimate for indie Semiconductor Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 15, 2022. While these analysts kept the previous recommendation, The Benchmark Company raised their target price to Buy. The new note on the price target was released on May 13, 2022, representing the official price target for indie Semiconductor Inc. stock. Previously, the target price had yet another raise to $18, while KeyBanc Capital Markets analysts kept a Overweight rating on INDI stock.

The Average True Range (ATR) for indie Semiconductor Inc. is set at 0.36, with the Price to Sales ratio for INDI stock in the period of the last 12 months amounting to 15.61. The Price to Book ratio for the last quarter was 2.95, with the Price to Cash per share for the same quarter was set at 1.09.

INDI stock trade performance evaluation

indie Semiconductor Inc. [INDI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.87. With this latest performance, INDI shares gained by 17.00% in over the last four-week period, additionally plugging by 2.37% over the last 6 months – not to mention a drop of -15.13% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for INDI stock in for the last two-week period is set at 63.11, with the RSI for the last a single of trading hit 65.13, and the three-weeks RSI is set at 61.05 for indie Semiconductor Inc. [INDI]. The present Moving Average for the last 50 days of trading for this stock 6.80, while it was recorded at 7.63 for the last single week of trading, and 8.46 for the last 200 days.

indie Semiconductor Inc. [INDI]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and indie Semiconductor Inc. [INDI] shares currently have an operating margin of -150.35 and a Gross Margin at +40.71. indie Semiconductor Inc.’s Net Margin is presently recorded at -181.86.

Return on Equity for this stock declined to -31.86, with Return on Assets sitting at -21.45.

indie Semiconductor Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.70 and a Current Ratio set at 3.90.

indie Semiconductor Inc. [INDI]: Insider Ownership positions

There are presently around $429 million, or 52.30% of INDI stock, in the hands of institutional investors. The top three institutional holders of INDI stocks are: SOROS FUND MANAGEMENT LLC with ownership of 9,124,894, which is approximately 109.491% of the company’s market cap and around 2.50% of the total institutional ownership; BLACKROCK INC., holding 5,691,392 shares of the stock with an approximate value of $46.61 million in INDI stocks shares; and BAMCO INC /NY/, currently with $34.87 million in INDI stock with ownership of nearly -14.509% of the company’s market capitalization.

Positions in indie Semiconductor Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 81 institutional holders increased their position in indie Semiconductor Inc. [NASDAQ:INDI] by around 17,833,866 shares. Additionally, 46 investors decreased positions by around 5,072,708 shares, while 19 investors held positions by with 29,440,949 shares. The mentioned changes placed institutional holdings at 52,347,523 shares, according to the latest SEC report filing. INDI stock had 48 new institutional investments in for a total of 2,955,764 shares, while 20 institutional investors sold positions of 1,095,093 shares during the same period.


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