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How to Buy Indie Semiconductor Stock

Indie Semiconductor Inc

indie Semiconductor, Inc. provides automotive semiconductors and software solutions for advanced driver assistance systems, connected car, user experience, and electrification applications.

Indie Semiconductor stock last closed at $6.86, up 10.82% from the previous day, and has decreased 34.6% in one year. It has underperformed other stocks in the Semiconductor Equipment & Materials industry by 0.92 percentage points. Indie Semiconductor stock is currently +46.9% from its 52-week low of $4.67, and -38.17% from its 52-week high of $11.10.

There are currently 183.22M INDI shares outstanding. The market capitalization of INDI is $1.26B. In the past 24 hours, 3.43M INDI shares were traded.

How to Buy Indie Semiconductor Stock

Not sure how to invest in Indie Semiconductor stock? Here's how.
  1. Figure out where to buy Indie Semiconductor stock: You need to choose an online brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you decide where to buy Indie Semiconductor stock.
  2. Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Put funds into your investment account: Choose your method of payment and add your details.
  4. Analyze Indie Semiconductor stock: The Indie Semiconductor ticker symbol is INDI. Is Indie Semiconductor stock a good investment? Should you buy shares of INDI? How do INDI's underlying business fundamentals look? Do top analysts think Indie Semiconductor is a good buy? Why has INDI's stock price moved recently? (Hint: Our stock market research tools can help you understand if INDI is a good stock to buy).
  5. Place your INDI buy order: Decide if you will purchase INDI shares at the current market price or use a limit order to purchase INDI shares at a specific price.
  6. Get key alerts regarding your INDI position: Create a watchlist to watch your position in Indie Semiconductor stock.

Step 1: Figure out where to buy Indie Semiconductor stock

You need an online brokerage account to access the NASDAQ market and buy INDI stock.

A brokerage account is an investment account that allows you to buy and sell a variety of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for a brokerage account

Now that you've picked the best brokerage, you need to fill out some personal info so you are able to buy INDI stock today.

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  2. Enter your personal details to create your new brokerage account.
  1. Send your details by hitting the "Create Account" button.
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Step 3: Put funds into your investment account

Now that you've filled out your info on the stocks app, you can securely and quickly fund your account:

Watch the walkthrough below to see the process of transferring money into your new investment account.

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Step 4: Analyze Indie Semiconductor stock

Once you have decided on the best place to buy Indie Semiconductor stock, it's important to research their stock prior to investing, so you truly wrap your head around the risk as well as the opportunity.

Indie Semiconductor quick stats

INDI Price
$6.86
1w %
15.68%
1y %
-34.6%
5y %
N/A
P/E
-8.47x
P/B
2.82x
P/S
4.46x
PEG
N/A
Revenue
$223.17M
Earnings
-$117.63M
Fore. Rev. Growth
39.38%
Fore. Earn. Growth
N/A
Market Cap
$1.26B
Next Earnings
N/A
Next Dividend
N/A

Fundamentals of INDI

WallStreetZen was designed to help average investors perform more in-depth fundamental analysis in minutes instead of hours.

You can view all of the due diligence checks on INDI's stock page.

Is INDI stock undervalued or overvalued?

You can use many financial metrics, analyses, models, and charts to gauge INDI's true value.

Using relative valuations ratios:

  • INDI could be undervalued based on its P/B ratio of 2.82x, relative to Semiconductor Equipment & Materials industry P/B ratio of 12.33x

You can access more valuation analysis on INDI's stock here.

INDI Financial Health Summary

Pros:

  • There are more short-term assets than short-term liabilities on the INDI balance sheet.
  • INDI has cash burn of 117137000. It has sufficient cash and short-term investments to cover this for at least one year.
  • There are more short-term assets than long-term liabilities on the INDI balance sheet.

Cons:

  • INDI profit margin has gone down from -39.2% to -52.7% in the past year.
  • INDI has a relatively high debt to equity ratio of 0.77.
  • INDI has $151.68M in cash and short term investments. This is not sufficient to cover its annual cash burn of $117.14M.

Is INDI stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 3 Wall Street analysts who monitor INDI, the consensus analyst rating on INDI is a Strong Buy

Please note that analyst ratings are not recommendations, nor are they financial advice.

You can dive deeper into what analysts are projecting on the Indie Semiconductor stock forecast page.

INDI Momentum

SMA10
6.61
SMA20
6.76
SMA50
7.09
SMA100
6.7
SMA200
7.44
MACD
-0.16
MACD Signal
-0.12
MACD Histogram
-0.04
RSI
51.43
Stochastic %K
34.62
Stochastic %D
28.06
StochRSI %K
33.56
StochRSI %D
23.7

INDI Performance Numbers

Last year, INDI revenue was $223.17M. During the past four year, INDI's revenue has increased by 77.05% per year. This was faster than the Semiconductor Equipment & Materials industry average of 14.94%.

Learn more about INDI's earnings and revenue performance here.

Are INDI insiders buying or selling the stock?

In the past year, insiders at INDI have sold more shares than they have bought.

Donald McClymont, Chief Executive Officer of INDI, was the latest INDI insider to sell. They sold $312,500.00 worth of INDI stock on Feb 27, 2024.

Get more info about who owns INDI shares here.

Can I get consistent income from INDI stock?

No, Indie Semiconductor doesn't provide an income stream by paying out dividends.

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Step 5: Place your INDI buy order

There are two primary types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are mostly the best for newer investors.
  • Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
    If you want to be certain you're buying or selling at an exact price limit, place a limit order.

Click the Open Trade button and your broker will execute the order.

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Step 6: Get key alerts regarding your INDI position

Now that you own some shares in INDI, you'll want to keep up with your new stock purchase.

Make a watchlist to monitor your INDI stock.

INDI Feed

How to Buy Stock in Indie Semiconductor

To reiterate, here are the 6 steps you need to take to buy Indie Semiconductor stock right now:

  1. Figure out where to buy Indie Semiconductor stock
  2. Sign up for a brokerage account
  3. Put funds into your investment account
  4. Analyze Indie Semiconductor stock
  5. Place your INDI buy order
  6. Get key alerts regarding your INDI position

If you require a brokerage, eToro is our favorite option.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep tabs on your investment in Indie Semiconductor, click below.

NASDAQ: INDI
$6.86+0.67 (+10.82%)
Updated Mar 1, 2024
Open eToro Account
NASDAQ: INDI
$6.86+0.67 (+10.82%)
Updated Mar 1, 2024
Open eToro Account

FAQ

How much does it cost to buy one Indie Semiconductor share?

As of Mar 1, 2024, it costs $6.86 to buy one share of Indie Semiconductor stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $3, you can buy 0.437 shares of INDI.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Indie Semiconductor stock?

According to 3 Wall Street analysts who monitor Indie Semiconductor, their consensus recommendation is to buy Indie Semiconductor stock.

What is the best way to buy Indie Semiconductor stock?

One way to place an order for Indie Semiconductor stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.