Indie Semiconductor Inc (NASDAQ:INDI) has a beta value of 1.19 and has seen 1.43 million shares traded in the last trading session. The company, currently valued at $714.66M, closed the last trade at $3.62 per share which meant it lost -$0.15 on the day or -3.98% during that session. The INDI stock price is -140.06% off its 52-week high price of $8.69 and 12.71% above the 52-week low of $3.16. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.98 million shares traded. The 3-month trading volume is 2.69 million shares.
The consensus among analysts is that Indie Semiconductor Inc (INDI) is Buy stock at the moment, with a recommendation rating of 1.00. 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. The expected earnings per share for the stock is -0.09.
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Indie Semiconductor Inc (NASDAQ:INDI) trade information
Sporting -3.98% 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 $3.62 or saw a rise of 5.24%. Year-to-date, Indie Semiconductor Inc shares have moved -55.36%, while the 5-day performance has seen it change -5.48%. Over the past 30 days, the shares of Indie Semiconductor Inc (NASDAQ:INDI) have changed -7.42%. Short interest in the company has seen 29.29 million shares shorted with days to cover at 10.31.
Wall Street analysts have a consensus price target for the stock at $9, which means that the shares’ value could jump 59.78% from current levels. The projected low price target is $9.0 while the price target rests at a high of $9.0. In that case, then, we find that the current price level is -148.62% off the targeted high while a plunge would see the stock gain -148.62% 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 -39.67% over the past 6 months, with this year growth rate of -2.94%, compared to -5.60% for the industry. Revenue growth from the last financial year stood is estimated to be -2.60%.
7 analysts offering their estimates for the company have set an average revenue estimate of 53.58M for the current quarter. 7 have an estimated revenue figure of 59.02M for the next ending quarter. Year-ago sales stood 60.48M and 70.13M respectively for this quarter and the next, and analysts expect sales will shrink by -11.40% for the current quarter and -2.60% for the next.
INDI Dividends
Indie Semiconductor Inc is expected to release its next earnings report in November 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 18.39 million shares worth more than $113.48 million. As of 2024-06-30, GRANAHAN INVESTMENT MANAGEMENT, LLC held 11.1738% of shares outstanding.
The other major institutional holder is PRIMECAP MANAGEMENT CO/CA/, with the holding of over 15.78 million shares as of 2024-06-30. The firm’s total holdings are worth over $97.36 million and represent 9.5862% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Primecap Odyssey Aggressive Growth Fund and Baron Small Cap Fund . As of Jul 31, 2024 , the former fund manager holds about 6.18% shares in the company for having 11.08 shares of worth $40.11 million while later fund manager owns 5.0 shares of worth $18.1 million as of Jun 30, 2024 , which makes it owner of about 2.79% of company’s outstanding stock.
