Indie Semiconductor Inc (INDI) concluded trading on Thursday at a closing price of $3.84, with 2.81 million shares of worth about $10.78 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -41.01% during that period and on September 05, 2024 the price saw a loss of about -1.41%. Currently the company’s common shares owned by public are about 197.42M shares, out of which, 174.52M shares are available for trading.
Stock saw a price change of -1.29% in past 5 days and over the past one month there was a price change of -21.63%. Year-to-date (YTD), INDI shares are showing a performance of -52.65% which decreased to -45.30% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.73 but also hit the highest price of $8.69 during that period. The average intraday trading volume for Indie Semiconductor Inc shares is 2.63 million. The stock is currently trading -7.60% below its 20-day simple moving average (SMA20), while that difference is down -28.56% for SMA50 and it goes to -40.45% lower than SMA200.
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Indie Semiconductor Inc (NASDAQ: INDI) currently have 197.42M outstanding shares and institutions hold larger chunk of about 74.88% of that.
The stock has a current market capitalization of $758.09M and its 3Y-monthly beta is at 1.20. It has posted earnings per share of -$0.51 in the same period. It has Quick Ratio of 2.20 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 5.99% while standing at 6.62% over the month.
Stock’s fiscal year EPS is expected to drop by -37.98% while it is estimated to increase by 96.44% 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.
