In the last trading session, 3.37 million Indie Semiconductor Inc (NASDAQ:INDI) shares changed hands as the company’s beta touched 1.19. With the company’s per share price at $3.54 changed hands at $0.07 or 2.02% during last session, the market valuation stood at $698.87M. INDI’s last price was a discount, traded about -145.48% off its 52-week high of $8.69. The share price had its 52-week low at $3.16, which suggests the last value was 10.73% up since then. When we look at Indie Semiconductor Inc’s average trading volume, we note the 10-day average is 1.55 million shares, with the 3-month average coming to 2.62 million.
Analysts gave the Indie Semiconductor Inc (INDI) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended INDI as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Indie Semiconductor Inc’s EPS for the current quarter is expected to be -0.09.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Indie Semiconductor Inc (NASDAQ:INDI) trade information
Instantly INDI was in green as seen at the end of in last trading. With action 0.28%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -56.35%, with the 5-day performance at 0.28% in the green. However, in the 30-day time frame, Indie Semiconductor Inc (NASDAQ:INDI) is -1.12% down. Looking at the short shares, we see there were 29.29 million shares sold at short interest cover period of 10.31 days.
The consensus price target for the stock as assigned by Wall Street analysts is 9, meaning bulls need an upside of 60.67% from its current market value. According to analyst projections, INDI’s forecast low is 9 with 9 as the target high. To hit the forecast high, the stock’s price needs a -154.24% plunge from its current level, while the stock would need to soar -154.24% for it to hit the projected low.
Indie Semiconductor Inc (INDI) estimates and forecasts
Data shows that the Indie Semiconductor Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -32.05% over the past 6 months, a -2.94% in annual growth rate that is considerably higher than the industry average of -3.30%. Year-over-year growth is forecast to reach -2.60% down from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 53.58M. 7 analysts are of the opinion that Indie Semiconductor Inc’s revenue for the current quarter will be 59.02M. The company’s revenue for the corresponding quarters a year ago was 60.48M and 70.13M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -11.40%. The estimates for the next quarter sales put growth at -15.80%.
The 2024 estimates are for Indie Semiconductor Inc earnings to decrease by -38.12%.
INDI Dividends
Indie Semiconductor Inc is expected to release its next quarterly earnings report in November.
PRIMECAP MANAGEMENT CO/CA/ holds the second largest percentage of outstanding shares, with 9.5862% or 15.78 million shares worth $97.36 million as of 2024-06-30.
