A share of indie Semiconductor Inc. (NASDAQ:INDI) closed at $7.59 per share on Wednesday, up from $7.29 day before. While indie Semiconductor Inc. has overperformed by 4.12%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, INDI fell by -11.23%, with highs and lows ranging from $16.33 to $5.07, whereas the simple moving average fell by -14.37% in the last 200 days.
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On June 15, 2022, B. Riley Securities Downgraded indie Semiconductor Inc. (NASDAQ: INDI) to Neutral. KeyBanc Capital Markets also rated INDI shares as ‘Overweight’, setting a target price of $18 on the company’s shares in an initiating report dated October 20, 2021. B. Riley Securities Initiated an Buy rating on August 24, 2021, and assigned a price target of $18. The Benchmark Company initiated its ‘Buy’ rating for INDI, as published in its report on August 11, 2021. Deutsche Bank’s report from July 23, 2021 suggests a price prediction of $14 for INDI shares, giving the stock a ‘Buy’ rating. Craig Hallum also rated the stock as ‘Buy’.
Analysis of indie Semiconductor Inc. (INDI)
Further, the quarter-over-quarter increase in sales is 171.60%, showing a positive trend in the upcoming months.
indie Semiconductor Inc.’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of -38.60% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.80, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and INDI is registering an average volume of 1.52M. On a monthly basis, the volatility of the stock is set at 5.39%, whereas on a weekly basis, it is put at 5.15%, with a gain of 8.43% over the past seven days. Furthermore, long-term investors anticipate a median target price of $13.00, showing growth from the present price of $7.59, which can serve as yet another indication of whether INDI is worth investing in or should be passed over.
How Do You Analyze indie Semiconductor Inc. Shares?
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 3.40%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 47.50% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in INDI shares?
The recent increase in stakes in INDI appears to be a result of several institutional investors and hedge funds increasing their positions. Soros Fund Management LLC’s position in INDI has increased by 99.16% in the first quarter. The company now owns 8,675,000 shares of the stock, with a value of $49.45 million, following the purchase of 4,319,247 additional shares during the last quarter. SSgA Funds Management, Inc. made another increased to its shares in INDI during the first quarter, upping its stake by 43.76%. During the last quarter, the company picked up 1,556,028 additional shares for a total stake of worth $29.14 million, bringing number of shares owned by the company to 5,111,719.
During the first quarter, BAMCO, Inc. added a 12,532 position in INDI. Summit Partners Public Asset Mana purchased an additional 0.14 million shares in the last quarter, increasing its holdings by 3.78%, now holding 3.89 million shares worth $22.15 million. At the end of the first quarter, The Vanguard Group, Inc. increased its INDI holdings by 64.97% and now holds 3.17 million INDI shares valued at $18.05 million with the added 1.25 million shares during the period. INDI shares are owned by institutional investors to the tune of 47.50% at present.
