Currently, there are 181.43M common shares owned by the public and among those 179.28M shares have been available to trade.
The company’s stock has a 5-day price change of 7.44% and 26.61% over the past three months. INDI shares are trading -46.61% year to date (YTD), with the 12-month market performance down to -44.13% lower. It has a 12-month low price of $3.16 and touched a high of $8.69 over the same period. INDI has an average intraday trading volume of 4.44 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.82%, 6.57%, and -18.68% respectively.
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Institutional ownership of Indie Semiconductor Inc (NASDAQ: INDI) shares accounts for 80.56% of the company’s 181.43M shares outstanding.
It has a market capitalization of $874.30M and a beta (3y monthly) value of 1.37. The earnings-per-share (ttm) stands at -$0.67. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.66% over the week and 9.37% over the month.
Earnings per share for the fiscal year are expected to decrease by -32.67%, and 83.20% over the next financial year.
Looking at the support for the INDI, a number of firms have released research notes about the stock. Craig Hallum stated their Buy rating for the stock in a research note on February 23, 2024, with the firm’s price target at $12-$10. CJS Securities coverage for the Indie Semiconductor Inc (INDI) stock in a research note released on December 01, 2023 offered a Market Outperform rating with a price target of $15. B. Riley Securities was of a view on February 14, 2023 that the stock is Buy, while B. Riley Securities gave the stock Neutral rating on June 15, 2022, issuing a price target of $9- $8. The Benchmark Company on their part issued Buy rating on May 13, 2022.
