In last trading session, Indie Semiconductor Inc (NASDAQ:INDI) saw 5.21 million shares changing hands with its beta currently measuring 1.37. Company’s recent per share price level of $4.12 trading at -$0.27 or -6.15% at ring of the bell on the day assigns it a market valuation of $831.89M. That closing price of INDI’s stock is at a discount of -110.92% from its 52-week high price of $8.69 and is indicating a premium of 23.3% from its 52-week low price of $3.16. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 8.58 million shares which gives us an average trading volume of 4.53 million if we extend that period to 3-months.
For Indie Semiconductor Inc (INDI), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.07 in the current quarter.
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Indie Semiconductor Inc (NASDAQ:INDI) trade information
Upright in the red during last session for losing -6.15%, in the last five days INDI remained trading in the red while hitting it’s week-highest on Thursday, 12/12/24 when the stock touched $4.12 price level, adding 13.26% to its value on the day. Indie Semiconductor Inc’s shares saw a change of -49.20% in year-to-date performance and have moved -8.65% in past 5-day. Indie Semiconductor Inc (NASDAQ:INDI) showed a performance of 0.73% in past 30-days. Number of shares sold short was 28.05 million shares which calculate 6.02 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 9 to the stock, which implies a rise of 54.22% to its current value. Analysts have been projecting 9 as a low price target for the stock while placing it at a high target of 9. It follows that stock’s current price would drop -118.45% in reaching the projected high whereas dropping to the targeted low would mean a loss of -118.45% for stock’s current value.
Indie Semiconductor Inc (INDI) estimates and forecasts
Statistics highlight that Indie Semiconductor Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -33.28% of value to its shares in past 6 months, showing an annual growth rate of -2.94% while that of industry is -1.20. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -2.83% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 58.21M for the same. And 7 analysts are in estimates of company making revenue of 61.42M in the next quarter. Company posted 70.13M and 52.35M of sales in current and next quarters respectively a year earlier.
Indie Semiconductor Inc (NASDAQ:INDI)’s Major holders
GRANAHAN INVESTMENT MANAGEMENT, LLC is the top institutional holder at INDI for having 18.39 million shares of worth $113.48 million. And as of 2024-06-30, it was holding 11.1738 of the company’s outstanding shares.
The second largest institutional holder is PRIMECAP MANAGEMENT CO/CA/, which was holding about 15.78 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.5862 of outstanding shares, having a total worth of $97.36 million.
