In today’s recent session, 0.55 million shares of the Indie Semiconductor Inc (NASDAQ:INDI) have been traded, and its beta is 1.19. Most recently the company’s share price was $3.80, and it changed around -$0.04 or -1.04% from the last close, which brings the market valuation of the company to $750.20M. INDI at last check was trading at a discount to its 52-week high of $8.69, offering almost -128.68% off that amount. The share price’s 52-week low was $3.16, which indicates that the recent value has risen by an impressive 16.84% since then. We note from Indie Semiconductor Inc’s average daily trading volume that its 10-day average is 2.54 million shares, with the 3-month average coming to 2.73 million.
Indie Semiconductor Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 8 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended INDI as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight. Indie Semiconductor Inc is expected to report earnings per share of -0.09 for the current quarter.
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Indie Semiconductor Inc (NASDAQ:INDI) trade information
Instantly INDI has been showing red trend so far today with a performance of -1.04% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 4.00 on recent trading dayincreased the stock’s daily price by 5.0%. The company’s shares are currently down -53.14% year-to-date, but still down -4.76% over the last five days. On the other hand, Indie Semiconductor Inc (NASDAQ:INDI) is 8.26% up in the 30-day period. We can see from the shorts that 28.85 million shares have been sold at a short interest cover period of 8.9 day(s).
The consensus price target as assigned by Wall Street analysts is $9, which translates to bulls needing to increase their stock price by 57.78% from its current value. Analyst projections state that INDI is forecast to be at a low of $9 and a high of $9.
Indie Semiconductor Inc (INDI) estimates and forecasts
Indie Semiconductor Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -43.87 percent over the past six months and at a -2.94% annual growth rate that is well above the industry average of -4.10%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -12.50% in revenue this quarter, and will report a decrease of -600.00% in the next quarter. The year-over-year growth rate is expected to be -2.60%, down from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 53.58M in revenue for the current quarter. 7 analysts expect Indie Semiconductor Inc to make 59.02M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 60.48M and 70.13M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -11.40%. Forecasts for the next quarter put sales growth at -15.80%.
INDI Dividends
Indie Semiconductor Inc’s next quarterly earnings report is expected to be released on 2024-Nov-11.
Indie Semiconductor Inc (NASDAQ:INDI)’s Major holders
PRIMECAP MANAGEMENT CO/CA/, with 9.5862% or 15.78 million shares worth $97.36 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Primecap Odyssey Aggressive Growth Fund and Baron Small Cap Fund were the top two Mutual Funds as of Jul 31, 2024. The former held 11.08 shares worth $41.88 million, making up 6.18% of all outstanding shares. On the other hand, Baron Small Cap Fund held roughly 5.0 shares worth around $18.9 million, which represents about 2.79% of the total shares outstanding.
