In the latest trading session, 0.58 million Indie Semiconductor Inc (NASDAQ:INDI) shares changed hands as the company’s beta touched 1.50. With the company’s most recent per share price at $4.11 changing hands around $0.11 or 2.87% at last look, the market valuation stands at $830.89M. INDI’s current price is a discount, trading about -90.27% 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 23.11% up since then. When we look at Indie Semiconductor Inc’s average trading volume, we note the 10-day average is 3.26 million shares, with the 3-month average coming to 5.49 million.
Analysts gave the Indie Semiconductor Inc (INDI) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.25. 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 is in green as seen in intraday trades today. With action -1.79%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 1.60%, with the 5-day performance at -1.79% in the red. However, in the 30-day time frame, Indie Semiconductor Inc (NASDAQ:INDI) is -2.26% down. Looking at the short shares, we see there were 47.48 million shares sold at short interest cover period of 11.14 days.
The consensus price target for the stock as assigned by Wall Street analysts is 9, meaning bulls need an upside of 54.33% from its recent 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 -118.98% plunge from its current level, while the stock would need to soar -118.98% 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 -20.48% over the past 6 months, a -2.94% in annual growth rate that is considerably higher than the industry average of -4.00%. Year-over-year growth is forecast to reach -2.83% down from the last financial year.
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of 58.2M. 8 analysts are of the opinion that Indie Semiconductor Inc’s revenue for the current quarter will be 61.34M. 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 -17.02%. The estimates for the next quarter sales put growth at 17.17%. The 2025 estimates are for Indie Semiconductor Inc earnings to decrease by -34.73%.
Indie Semiconductor Inc (NASDAQ:INDI)’s Major holders
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 iShares Russell 2000 ETF. With 16.17 shares estimated at $66.71 million under it, the former controlled 8.80% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.47% of the shares, roughly 4.54 shares worth around $18.73 million.
