Indie Semiconductor Inc (NASDAQ:INDI) has a beta value of 1.22 and has seen 1.41 million shares traded in the last trading session. The company, currently valued at $1.17B, closed the last trade at $6.25 per share which meant it lost -$0.38 on the day or -5.73% during that session. The INDI stock price is -57.6% off its 52-week high price of $9.85 and 25.28% above the 52-week low of $4.67. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.4 million shares traded. The 3-month trading volume is 3.07 million shares.
The consensus among analysts is that Indie Semiconductor Inc (INDI) is Buy stock at the moment, with a recommendation rating of 1.11. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 4 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight.
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Indie Semiconductor Inc (NASDAQ:INDI) trade information
Sporting -5.73% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the INDI stock price touched $6.25 or saw a rise of 16.11%. Year-to-date, Indie Semiconductor Inc shares have moved -22.93%, while the 5-day performance has seen it change -2.65%. Over the past 30 days, the shares of Indie Semiconductor Inc (NASDAQ:INDI) have changed -3.77%. Short interest in the company has seen 25.65 million shares shorted with days to cover at 7.45.
Wall Street analysts have a consensus price target for the stock at $9, which means that the shares’ value could jump 30.56% from current levels. The projected low price target is $9 while the price target rests at a high of $9. In that case, then, we find that the current price level is -44.0% off the targeted high while a plunge would see the stock gain -44.0% from current levels.
Indie Semiconductor Inc (INDI) estimates and forecasts
Figures show that Indie Semiconductor Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -8.76% over the past 6 months, with this year growth rate of 29.41%, compared to -6.30% for the industry.
INDI Dividends
Indie Semiconductor Inc is expected to release its next earnings report in August this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Indie Semiconductor Inc (NASDAQ:INDI)’s Major holders
The top two institutional holders are GRANAHAN INVESTMENT MANAGEMENT, LLC with over 19.38 million shares worth more than $137.21 million. As of 2024-03-31, GRANAHAN INVESTMENT MANAGEMENT, LLC held 12.1128% of shares outstanding.
The other major institutional holder is BAMCO INC /NY/, with the holding of over 14.29 million shares as of 2024-03-31. The firm’s total holdings are worth over $101.14 million and represent 8.9289% of shares outstanding.
