Indie Semiconductor Inc (NASDAQ:INDI) has a beta value of 1.83 and has seen 0.44 million shares traded in the recent trading session. The company, currently valued at $424.28M, closed the recent trade at $2.04 per share which meant it lost -$0.07 on the day or -3.55% during that session. The INDI stock price is -283.33% off its 52-week high price of $7.82 and 0.49% above the 52-week low of $2.03. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.24 million shares traded. The 3-month trading volume is 4.23 million shares.
The consensus among analysts is that Indie Semiconductor Inc (INDI) is Buy stock at the moment, with a recommendation rating of 1.25. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 4 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.08.
Indie Semiconductor Inc (NASDAQ:INDI) trade information
Sporting -3.55% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the INDI stock price touched $2.04 or saw a rise of 16.05%. Year-to-date, Indie Semiconductor Inc shares have moved -49.75%, while the 5-day performance has seen it change -13.40%. Over the past 30 days, the shares of Indie Semiconductor Inc (NASDAQ:INDI) have changed -32.39%. Short interest in the company has seen 49.8 million shares shorted with days to cover at 10.12.
Wall Street analysts have a consensus price target for the stock at $9, which means that the shares’ value could jump 77.33% from the levels at last check today.. The projected low price target is $9.0 while the price target rests at a high of $9.0. In that case, then, we find that the latest price level in today’s session is -341.18% off the targeted high while a plunge would see the stock gain -341.18% from the levels at last check today..
Indie Semiconductor Inc (INDI) estimates and forecasts
The company’s shares have lost -49.88% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 21.65%.
8 analysts offering their estimates for the company have set an average revenue estimate of 54.94M for the current quarter. 8 have an estimated revenue figure of 56.53M for the next ending quarter. Year-ago sales stood 52.35M and 52.35M respectively for this quarter and the next, and analysts expect sales will grow by 4.94% for the current quarter and 21.65% for the next.
INDI Dividends
Indie Semiconductor Inc is expected to release its next earnings report on 2025-Feb-19 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Indie Semiconductor Inc (NASDAQ:INDI)’s Major holders
Insiders own 2.39% of the company shares, while shares held by institutions stand at 101.03% with a share float percentage of 103.51%. Investors are also buoyed by the number of investors in a company, with Indie Semiconductor Inc having a total of 263.0 institutions that hold shares in the company. The top two institutional holders are GRANAHAN INVESTMENT MANAGEMENT, LLC with over 18.39 million shares worth more than $113.48 million. As of 2024-06-30, GRANAHAN INVESTMENT MANAGEMENT, LLC held 10.8086% of shares outstanding.
The other major institutional holder is PRIMECAP MANAGEMENT CO/CA/, with the holding of over 15.78 million shares as of 2024-06-30. The firm’s total holdings are worth over $97.36 million and represent 9.2729% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are PRIMECAP Odyssey Funds-PRIMECAP Odyssey Aggressive Growth Fund and BARON INVESTMENT Fd.S TRT -BARON SMALL CAP Fd. . As of Dec 31, 2024 , the former fund manager holds about 8.83% shares in the company for having 16.23 shares of worth $33.1 million while later fund manager owns 6.0 shares of worth $12.24 million as of Dec 31, 2024 , which makes it owner of about 3.26% of company’s outstanding stock.
