In the last trading session, 2.9 million Indie Semiconductor Inc (NASDAQ:INDI) shares changed hands as the company’s beta touched 1.41. With the company’s per share price at $3.90 changed hands at -$0.09 or -2.26% during last session, the market valuation stood at $787.48M. INDI’s last price was a discount, traded about -100.51% off its 52-week high of $7.82. The share price had its 52-week low at $3.16, which suggests the last value was 18.97% up since then. When we look at Indie Semiconductor Inc’s average trading volume, we note the 10-day average is 4.63 million shares, with the 3-month average coming to 5.14 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 -0.07.
Indie Semiconductor Inc (NASDAQ:INDI) trade information
Instantly INDI was in red as seen at the end of in last trading. With action -16.31%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -3.70%, with the 5-day performance at -16.31% in the red. However, in the 30-day time frame, Indie Semiconductor Inc (NASDAQ:INDI) is -13.53% down. Looking at the short shares, we see there were 45.2 million shares sold at short interest cover period of 6.12 days.
The consensus price target for the stock as assigned by Wall Street analysts is 9, meaning bulls need an upside of 56.67% 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 -130.77% plunge from its current level, while the stock would need to soar -130.77% 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 not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -45.53% over the past 6 months, a -2.94% in annual growth rate that is considerably lower than the industry average of -1.50%. Year-over-year growth is forecast to reach -2.83% 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 58.21M. 7 analysts are of the opinion that Indie Semiconductor Inc’s revenue for the current quarter will be 61.42M. The company’s revenue for the corresponding quarters a year ago was 70.13M and 52.35M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -16.99%. The estimates for the next quarter sales put growth at 17.32%.
The 2025 estimates are for Indie Semiconductor Inc earnings to decrease by -35.08%.
INDI Dividends
Indie Semiconductor Inc is expected to release its next quarterly earnings report in February.
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.
Among Mutual Funds, the top two as of Oct 31, 2024 were Primecap Odyssey Aggressive Growth Fund and Vanguard Total Stock Market Index Fund . With 16.17 shares estimated at $63.07 million under it, the former controlled 8.80% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.46% of the shares, roughly 4.52 shares worth around $17.62 million.
