In the last trading session, 3.27 million shares of the Indie Semiconductor Inc (NASDAQ:INDI) were traded, and its beta was 1.49. Most recently the company’s share price was $3.97, and it changed around -$0.31 or -7.24% from the last close, which brings the market valuation of the company to $801.61M. INDI currently trades at a discount to its 52-week high of $7.82, offering almost -96.98% off that amount. The share price’s 52-week low was $3.16, which indicates that the current value has risen by an impressive 20.4% since then. We note from Indie Semiconductor Inc’s average daily trading volume that its 10-day average is 3.01 million shares, with the 3-month average coming to 5.46 million.
Indie Semiconductor Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.25. If we narrow it down even further, the data shows that 0 out of 8 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 1 recommended INDI as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Indie Semiconductor Inc is expected to report earnings per share of -0.07 for the current quarter.
Indie Semiconductor Inc (NASDAQ:INDI) trade information
Instantly INDI has showed a red trend with a performance of -7.24% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 4.40 on recent trading dayincreased the stock’s daily price by 9.77%. The company’s shares are currently down -1.98% year-to-date, but still down -0.75% over the last five days. On the other hand, Indie Semiconductor Inc (NASDAQ:INDI) is -7.24% down in the 30-day period. We can see from the shorts that 47.48 million shares have been sold at a short interest cover period of 11.14 day(s).
The consensus price target as assigned by Wall Street analysts is $9, which translates to bulls needing to increase their stock price by 55.89% from its current value. Analyst projections state that INDI is forecast to be at a low of $9 and a high of $9.
Indie Semiconductor Inc (INDI) estimates and forecasts
The year-over-year growth rate is expected to be -2.83%, down from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of 58.2M in revenue for the current quarter. 8 analysts expect Indie Semiconductor Inc to make 61.34M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 70.13M and 52.35M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -17.02%. Forecasts for the next quarter put sales growth at 17.17%.
INDI Dividends
Indie Semiconductor Inc’s next quarterly earnings report is expected to be released in March.
PRIMECAP MANAGEMENT CO/CA/, with 9.5862% or 15.78 million shares worth $97.36 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Primecap Odyssey Aggressive Growth Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Dec 31, 2024 . The former held 16.23 shares worth $64.42 million, making up 8.83% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 4.54 shares worth around $18.02 million, which represents about 2.47% of the total shares outstanding.
