In the latest trading session, 1.51 million Indie Semiconductor Inc (NASDAQ:INDI) shares changed hands as the company’s beta touched 2.01. With the company’s most recent per share price at $1.81 changing hands around $0.21 or 13.08% at last look, the market valuation stands at $377.23M. INDI’s current price is a discount, trading about -332.04% off its 52-week high of $7.82. The share price had its 52-week low at $1.56, which suggests the last value was 13.81% up since then. When we look at Indie Semiconductor Inc’s average trading volume, we note the 10-day average is 4.56 million shares, with the 3-month average coming to 4.26 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 (NASDAQ:INDI) trade information
Instantly INDI is in green as seen in intraday trades today. With action -11.09%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -55.33%, with the 5-day performance at -11.09% in the red. However, in the 30-day time frame, Indie Semiconductor Inc (NASDAQ:INDI) is -38.25% down. Looking at the short shares, we see there were 49.8 million shares sold at short interest cover period of 10.12 days.
The consensus price target for the stock as assigned by Wall Street analysts is 9, meaning bulls need an upside of 79.89% 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 -397.24% plunge from its current level, while the stock would need to soar -397.24% for it to hit the projected low.
Indie Semiconductor Inc (NASDAQ:INDI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.39% of Indie Semiconductor Inc shares while 101.07% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 103.54%. There are 101.07% institutions holding the Indie Semiconductor Inc stock share, with GRANAHAN INVESTMENT MANAGEMENT, LLC the top institutional holder. As of 2024-06-30, the company held 10.8086% of the shares, roughly 18.39 million INDI shares worth $113.48 million.
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 Jan 31, 2025 were PRIMECAP Odyssey Funds-PRIMECAP Odyssey Aggressive Growth Fund and BARON INVESTMENT Fd.S TRT -BARON SMALL CAP Fd. With 16.23 shares estimated at $31.49 million under it, the former controlled 8.83% of total outstanding shares. On the other hand, BARON INVESTMENT Fd.S TRT -BARON SMALL CAP Fd. held about 3.26% of the shares, roughly 6.0 shares worth around $11.64 million.
