Indie Semiconductor Inc (NASDAQ:INDI)’s traded shares stood at 36.18 million during the last session, with the company’s beta value hitting 1.38. At the close of trading, the stock’s price was $3.83, to imply a decrease of -5.09% or -$0.2 in intraday trading. The INDI share’s 52-week high remains $8.69, putting it -126.89% down since that peak but still an impressive 17.49% since price per share fell to its 52-week low of $3.16. The company has a valuation of $772.33M, with an average of 5.54 million shares in intraday trading volume over the past 10 days and average of 3.67 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Indie Semiconductor Inc (INDI), translating to a mean rating of 1.00. Of 4 analyst(s) looking at the stock, 0 analyst(s) give INDI a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.07.
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Indie Semiconductor Inc (NASDAQ:INDI) trade information
After registering a -5.09% downside in the last session, Indie Semiconductor Inc (INDI) has traded red over the past five days. The 5-day price performance for the stock is -23.50%, and 13.50% over 30 days. With these gigs, the year-to-date price performance is -52.84%. Short interest in Indie Semiconductor Inc (NASDAQ:INDI) saw shorts transact 26.78 million shares and set a 6.19 days time to cover.
The extremes give us $9 and $9 for target low and target high price respectively. As such, INDI has been trading -134.99% off suggested target high and -134.99% from its likely low.
Indie Semiconductor Inc (INDI) estimates and forecasts
Looking at statistics comparing Indie Semiconductor Inc share performance against respective industry, we note that the company has underperformed competitors. Indie Semiconductor Inc (INDI) shares are -50.96% down over the last 6 months, with its year-to-date growth rate lower than industry average at -2.94% against -2.50%. The rating firms project that company’s revenue will shrink -2.90% compared to the previous financial year.
Revenue forecast for the current quarter as set by 7 analysts is 58.04M. Meanwhile, for the current quarter, a total of 7 analyst(s) estimate revenue growth to 61.28M.Earnings reports from the last fiscal year show that sales brought in 70.13M and 52.35M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -17.24% before jumping 17.05% in the following quarter.
INDI Dividends
Indie Semiconductor Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
The next major institution holding the largest number of shares is PRIMECAP MANAGEMENT CO/CA/ with 15.78 million shares, or about 9.5862% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $97.36 million.
