Thing

Vision

Resistance

Million

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Indie Semiconductor Inc. is a California-based automotive semiconductor provider.</a> </li> 
 <li> <span>2</span> <a>The company has posted its Quarter 3 results which drove its share price by 32.4%.</a> </li> 
 <li> <span>3</span> <a>The bulls are looking to get their grip on the stock as it broke a major resistance level.</a> </li> 
</ul> 
<p>INDI stock price (NASDAQ: INDI) has outperformed the market after the release of its Q3 results for the period that ended on September 30, 2023. The company reported a Q3 overall sales of $60.5 Million, a 101% increase year-over-year (YOY). The adjusted gross margin also saw an improvement, expanding by 2.26% YoY to 52.7%.&nbsp;</p> 
<p>The company has also some takes for Q4 2023, it has forecasted its revenue to be in the range of $70 Million to $75 Million, with an adjusted EBITDA breakeven. Moreover, the latest balance sheet update shows that the firm has maintained an optimal debt-to-equity ratio of 0.21 which indicates that 21 units of debt is backed by 100 units of share capital and reserves.&nbsp;</p> 
<p>Furthermore, the quick ratio which is a critical measure of a company’s liquidity, has been decreasing since the beginning. This is because the company is EBITDA negative, indicating that the cash and equivalents are being utilized in their operations.</p> 
<p>The company has achieved several business milestones, such as winning a Secured ADAS Computer Vision program at a leading North American automotive manufacturer.&nbsp;</p> 
<p>They have also successfully implemented Advanced Lighting solutions for improved in-cabin applications and secured Qi2.0 Wireless Charging designs at a US carmaker.&nbsp;</p> 
<p>The company has introduced a fully integrated 240 GHz radar front-end (RFE) silicon receiver, which is a significant breakthrough.</p> 
<p>Additionally, they have entered in a development contract with a leading aerial mobility OEM, leveraging the SuryaTM FMCW LiDAR solution. In addition to this, it has acquired a firm Exalos, which provides Super Luminescent LEDs that enable in-cabin head-up displays, as well as semiconductor optical amplifiers for LiDAR applications. Finally, the company launched and completed the warrant exchange program to minimize future equity dilution.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-and-prediction-of-the-indi-stock-price-strong"><strong>Technical Analysis and Prediction of the INDI Stock Price&nbsp;</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img loading="lazy" decoding="async" width="1600" height="763" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-252.png" alt="INDI Stock Price: The Next Big Thing Investors Are Missing Out On" class="wp-image-180553" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-252.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-252-300x143.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-252-1024x488.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-252-768x366.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-252-1536x732.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-252-750x358.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-252-1140x544.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   NASDAQ: INDI stock chart by<a href="https://in.tradingview.com/chart/X78t0Vyp/?symbol=NASDAQ%3AINDI"> TradingView </a>&nbsp;(Daily time frame)
  </figcaption>
 </figure>
</div> 
<p>At press time, the INDI <a href="https://www.thecoinrepublic.com/2023/10/15/backed-by-strong-financials-cey-stock-price-rose-11-6-in-5-days/" target="_blank" rel="noreferrer noopener">stock price</a> is trading at the level of $6.55 after surging more than 32% in just 7 days. The immediate resistance from the level is at $6.08. If the stock can sustain at the present trading value, then the resistance will be broken.</p> 
<p>However, if the bears can get a hold on the price, it will fall toward the immediate support level of $5.25. The 50-day EMA is below the price at $5.86 while the 150-day EMA is at $7.12. Moreover, the RSI is at 66, near its oversold levels which can make it hard for the bulls to push the price above.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>indie Semiconductor (NASDAQ: INDI) is a California-based auto tech company. Its stock price has surged after the release of its financial reports for the 3rd quarter. The company has made some significant development which was the growth driver for it.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support Levels:</strong> $5.25 and $4.00</li> 
 <li><strong>Resistance Levels: </strong>$6.08 and $7.31</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks or related indexes comes with a risk of financial loss.</p>

INDI Stock Price: The Next Big Thing Investors Are Missing Out On

Table of Contents

Thecoinrepublic.com

Other articles published on Nov 15, 2023

Lawmakers press Biden, Yellen for detailed report on crypto activity linked to Hamas

Chainlink VRF vulnerability thwarted by white hat hackers with $300K reward

Soluna Holdings Reports Q3 Results

Why Buying $BTCMTX Tokens Now Could be a Wise Bet for 2024

My $1000 to $100,000 Bull Market Crypto Portfolio Guide!

Vitalik Buterin unveils crypto breakthrough: Meet Plasma reborn

Join our free newsletter for daily crypto updates!