In today’s recent session, 0.81 million shares of the Indie Semiconductor Inc (NASDAQ:INDI) have been traded, and its beta is 1.80. Most recently the company’s share price was $2.36, and it changed around $0.13 or 5.83% from the last close, which brings the market valuation of the company to $492.04M. INDI at last check was trading at a discount to its 52-week high of $7.82, offering almost -231.36% off that amount. The share price’s 52-week low was $2.12, which indicates that the recent value has risen by an impressive 10.17% since then. We note from Indie Semiconductor Inc’s average daily trading volume that its 10-day average is 4.47 million shares, with the 3-month average coming to 4.16 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 -0.08 for the current quarter.
Indie Semiconductor Inc (NASDAQ:INDI) trade information
Instantly INDI has been showing a green trend so far today with a performance of 5.83% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.48 on recent trading dayincreased the stock’s daily price by 4.84%. The company’s shares are currently down -41.73% year-to-date, but still down -5.22% over the last five days. On the other hand, Indie Semiconductor Inc (NASDAQ:INDI) is -30.79% down in the 30-day period. We can see from the shorts that 49.74 million shares have been sold at a short interest cover period of 12.13 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 73.78% 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 21.65%, up from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of 54.94M in revenue for the current quarter. 8 analysts expect Indie Semiconductor Inc to make 56.53M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 52.35M and 52.35M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 4.94%. Forecasts for the next quarter put sales growth at 7.97%.
Indie Semiconductor Inc (NASDAQ:INDI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.39% of Indie Semiconductor Inc shares, and 101.03% of them are in the hands of institutional investors. The stock currently has a share float of 103.51%. Indie Semiconductor Inc stock is held by 262.0 institutions, with GRANAHAN INVESTMENT MANAGEMENT, LLC being the largest institutional investor. By 2024-06-30, it held 10.8086% of the shares, which is about 18.39 million shares worth $113.48 million.
PRIMECAP MANAGEMENT CO/CA/, with 9.2729% 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 BARON SMALL CAP FUND were the top two Mutual Funds as of Dec 31, 2024. The former held 16.23 shares worth $38.17 million, making up 8.83% of all outstanding shares. On the other hand, BARON SMALL CAP FUND held roughly 6.0 shares worth around $14.11 million, which represents about 3.26% of the total shares outstanding.
