2024-06-04 15:22:52 ET
Summary
- indie Semiconductor, Inc. has a massive growth opportunity ahead despite recent market headwinds in the automotive semiconductor industry.
- The company's sales growth could be flat in the June quarter, but its backlog is estimated to be over 4 times its market cap.
- The stock is trading at a low valuation compared to its sales targets, making it an attractive investment for the future.
While indie Semiconductor, Inc. ( INDI ) has gotten a boost off the lows from takeover speculation, the stock is still far below the SPAC price from years ago. The automotive semiconductor has a massive opportunity ahead for the cheap stock price and for the company to cash out now. My investment thesis remains ultra-Bullish on the stock with the opportunity ahead....
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Indie Semiconductor: Not The Right Time To Cash Out