In the last trading session, 1.18 million Indie Semiconductor Inc (NASDAQ:INDI) shares changed hands as the company’s beta touched 2.00. With the company’s per share price at $2.01 changed hands at $0.01 or 0.50% during last session, the market valuation stood at $429.86M. INDI’s last price was a discount, traded about -289.05% off its 52-week high of $7.82. The share price had its 52-week low at $1.53, which suggests the last value was 23.88% up since then. When we look at Indie Semiconductor Inc’s average trading volume, we note the 10-day average is 2.5 million shares, with the 3-month average coming to 4.10 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’s EPS for the current quarter is expected to be -0.08.
Indie Semiconductor Inc (NASDAQ:INDI) trade information
Instantly INDI was in green as seen at the end of in last trading. With action 9.84%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -50.37%, with the 5-day performance at 9.84% in the green. However, in the 30-day time frame, Indie Semiconductor Inc (NASDAQ:INDI) is -11.06% down. Looking at the short shares, we see there were 53.96 million shares sold at short interest cover period of 12.31 days.
The consensus price target for the stock as assigned by Wall Street analysts is 9, meaning bulls need an upside of 77.67% from its current 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 -347.76% plunge from its current level, while the stock would need to soar -347.76% for it to hit the projected low.
Indie Semiconductor Inc (INDI) estimates and forecasts
Year-over-year growth is forecast to reach 20.66% 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 54.94M. 8 analysts are of the opinion that Indie Semiconductor Inc’s revenue for the current quarter will be 56.41M. 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 4.94%. The estimates for the next quarter sales put growth at 7.74%.
The 2025 estimates are for Indie Semiconductor Inc earnings to increase by 50.93%.
INDI Dividends
Indie Semiconductor Inc is expected to release its next quarterly earnings report on 2025-Feb-19.
Indie Semiconductor Inc (NASDAQ:INDI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.40% of Indie Semiconductor Inc shares while 98.93% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 101.37%. There are 98.93% 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 $32.63 million under it, the former controlled 8.27% of total outstanding shares. On the other hand, BARON INVESTMENT Fd.S TRT -BARON SMALL CAP Fd. held about 3.06% of the shares, roughly 6.0 shares worth around $12.06 million.
