In the latest trading session, 0.85 million Indie Semiconductor Inc (NASDAQ:INDI) shares changed hands as the company’s beta touched 1.52. With the company’s most recent per share price at $3.30 changed hands at -$0.21 or -5.85% at last look, the market valuation stands at $666.33M. INDI’s current price is a discount, trading about -136.97% 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 4.24% up since then.
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 -0.08.
Indie Semiconductor Inc (NASDAQ:INDI) trade information
Instantly INDI was in red as seen in intraday trades today. With action -18.11%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -18.52%, with the 5-day performance at -18.11% in the red. However, in the 30-day time frame, Indie Semiconductor Inc (NASDAQ:INDI) is -22.72% down.
The consensus price target for the stock as assigned by Wall Street analysts is 9, meaning bulls need an upside of 63.33% 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 -172.73% plunge from its current level, while the stock would need to soar -172.73% for it to hit the projected low.
Indie Semiconductor Inc (INDI) estimates and forecasts
Year-over-year growth is forecast to reach 23.96% up 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 55.94M. 8 analysts are of the opinion that Indie Semiconductor Inc’s revenue for the current quarter will be 57.66M. The company’s revenue for the corresponding quarters a year ago was 52.35M and 52.35M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 6.85%. The estimates for the next quarter sales put growth at 10.12%.
The 2025 estimates are for Indie Semiconductor Inc earnings to increase by 55.54%.
Indie Semiconductor Inc (NASDAQ:INDI)’s Major holders
PRIMECAP MANAGEMENT CO/CA/ holds the second largest percentage of outstanding shares, with 9.2729% or 15.78 million shares worth $97.36 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Primecap Odyssey Aggressive Growth Fund and iShares Russell 2000 ETF. With 16.23 shares estimated at $53.47 million under it, the former controlled 8.83% 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 $14.96 million.
