Indie Semiconductor Inc (INDI) concluded trading on Thursday at a closing price of $5.79, with 4.13 million shares of worth about $23.94 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 12.43% during that period and on May 09, 2024 the price saw a loss of about -0.52%. Currently the company’s common shares owned by public are about 163.19M shares, out of which, 155.08M shares are available for trading.
Stock saw a price change of -0.34% in past 5 days and over the past one month there was a price change of -11.06%. Year-to-date (YTD), INDI shares are showing a performance of -28.61% which decreased to -26.52% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.67 but also hit the highest price of $10.85 during that period. The average intraday trading volume for Indie Semiconductor Inc shares is 2.89 million. The stock is currently trading 0.65% above its 20-day simple moving average (SMA20), while that difference is down -7.48% for SMA50 and it goes to -13.59% lower than SMA200.
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Indie Semiconductor Inc (NASDAQ: INDI) currently have 163.19M outstanding shares and institutions hold larger chunk of about 71.30% of that.
The stock has a current market capitalization of $1.07B and its 3Y-monthly beta is at 1.20. It has posted earnings per share of -$0.85 in the same period. It has Quick Ratio of 1.72 while making debt-to-equity ratio of 0.39. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for INDI, volatility over the week remained 3.81% while standing at 5.35% over the month.
Analysts are in expectations that Indie Semiconductor Inc (INDI) stock would likely to be making an EPS of -$0.08 in the current quarter, while forecast for next quarter EPS is -$0.07 and it is $0.13 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.09 which is -$0.08 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.1 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 31.15% while it is estimated to increase by 188.32% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Craig Hallum on February 23, 2024 offering a Buy rating for the stock and assigned a target price range of between $12 and $10 to it. Coverage by CJS Securities stated Indie Semiconductor Inc (INDI) stock as a Market outperform in their note to investors on December 01, 2023, suggesting a price target of $15 for the stock. On February 14, 2023, B. Riley Securities Upgrade their recommendations, while on June 15, 2022, B. Riley Securities Downgrade their ratings for the stock with a price target of $8. Stock get a Buy rating from The Benchmark Company on May 13, 2022.
